Milo Beck

Yes, it is obvious that long term trading is always better not just for newbies but even for experts. Whenever we trade with good money management the risk level automatically drops which helps greatly to be able to succeed and especially for me trading with a broker like OctaFX, it is much easier to do long term trading due to their swap free account option, as I don’t need to fear of keeping the trade open and I can keep it for as long as I like without paying a penny.

Scalping might be one of the best way for a broker to earn from their clients, but only for honest ones. If a broker is scam than he will never allow that, as they are market markers so they need time to steal our money, but with scalping we can earn fast and close it, so that’s why most don’t allow it. I trade with a true ECN broker like OctaFX, as they allow me to do scalping as they are a legitimate and true ECN company, so they are happy if we make profits not like other brokers.

In my view a good broker will earn only by 2 ways. It would be from spread that he charges or the commission while if it is not a legitimate company they will do it by stealing our money. I trade with a regulated company like OctaFX, which puts no restrictions and have ideal conditions like low spread of just 0.2 pips even in the hottest news while they never force anyone to pay swap which is why they have no swap free account for all.

Congrats!