Becoming a scalper

Did you not see? I know someone who has been doing it for 8 years and making money. Are you high? 🤣 🤣 🤣

BrantleyC posted:
Testing is the only way out.Demo can help too. But remember there's nothing like 0 spreads, so be careful.

Rightly said. Zero spread is a myth as it only peaks up commission fee. I think there are some brokers in the market which have very low spreads & commissions.

Becoming a scalper is not that easy. It depends on what kind of strategy and broker you use. I trade with a broker, FP Markets, because it is important to scalp with tight spreads and fast execution broker.

scalping needs realy tight spreads so I use a broker who offer raw spreads and at time i have seen it going as low as 0.0 pips...

thank you for adding this point. Yes. Low commissions are also vital., its of no use if you have to pay huge chunks of commissions out of your profits. The broker I use only charges me $2 commission per 100K trading volume for both sides. Pretty helpful.

ele020 posted:
thank you for adding this point. Yes. Low commissions are also vital., its of no use if you have to pay huge chunks of commissions out of your profits. The broker I use only charges me $2 commission per 100K trading volume for both sides. Pretty helpful.

I also pay $2 per lot, which broker you are using btw?

KenAdams posted:

ele020 posted:
thank you for adding this point. Yes. Low commissions are also vital., its of no use if you have to pay huge chunks of commissions out of your profits. The broker I use only charges me $2 commission per 100K trading volume for both sides. Pretty helpful.

I also pay $2 per lot, which broker you are using btw?

I am currently using fxview. best spreads so far...