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Best conditions for scalping


justusfreaky

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As a scalper, I prefer trading with a broker that provides certain conditions such as lower spreads, high leverage, and a minimum commission cost.

I find FP Markets to provide some of the best trading conditions since their spreads average around 0.1 to 0.3 pips in most major currency pairs with a higher leverage of 500:1 and a lower commission cost of $3 per lot.

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On 1/3/2023 at 7:39 PM, ParkChoi said:

As a scalper, I prefer trading with a broker that provides certain conditions such as lower spreads, high leverage, and a minimum commission cost.

I find FP Markets to provide some of the best trading conditions since their spreads average around 0.1 to 0.3 pips in most major currency pairs with a higher leverage of 500:1 and a lower commission cost of $3 per lot.

When we are doing Scalping based trades the income we are going to get will also get Improved.

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Scalpers may tackle the challenges of this period by using three technical indicators designed specifically for short-term opportunities.

Scalping tactics operate best when the intraday tape is strongly trending or range-bound; they don't perform so well when there is disagreement or uncertainty.

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If we can work discipline with scalping trading, this is also possible to make multiple profit from trading day by day, choose reliable broker with low spread and pair will gives more benefit of course. I also like scalping with using FXOpen broker which also including low spread broker from 0.0 pips, even possible gets negative spreads on TickTrader platform. If you are not familiar with TickTrader, this is trading platform designed for ECN broker

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For scalping trader, choosing a broker is a matter for better trading conditions, there are types of dealing desks and no dealing desk broker, for a scalping trader choosing no dealing desk broker has better trading conditions for scalping because the spread is tight and no requote problems. Traders can open and closed orders in minutes. FXOpen is ECN broker that included no dealing desk broker.

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Apart from low spreads, quick orders, high leverage, and minimal slippage, other important conditions for successful scalping involve having a reliable internet connection, a responsive trading platform, and access to real-time market data. Efficient execution and fast decision-making are super important for scalpers, so being in a stable environment and understanding market conditions well is a big deal. It's also crucial to choose a broker with good customer support like FreshForex, because quick assistance can be a game-changer in fast-paced trading situations.

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Scalping is a short-term trading strategy that takes profits only in the range of 5-20 pips, and they take advantage of price waves in low time frames. This is much more profitable by choosing a low-spread broker like FXOpen and choosing pairs that on average have tight spreads on average. -high daily moving averages such as EURUSD, GBPUSD, AUDUSD, and other major pairs.

However, scalping strategies may not be suitable for everyone because they can cause emotions to rise if you always make mistakes in determining entry points.

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Scalping trading usually traders choose small time frames such as M15 or M5, some even use M1, scalping experts are also good at making trading robots, including developing scalping ea with the advantage of being able to do multitasking, but not all brokers allow HFT or high frequency trading because it can make their server becomes slow, at FXOpen, traders can use HFT trading, for scalping traders trading is free without restrictions

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Scalping traders should pay attention when trading in low liquidity if trading use an ECN broker like FXOpen because this is included in the Non-Dealing Desk broker that uses variable or floating spread. Typically the spread is tight from 0.0 pip, but usually when holiday the market or when news with high impact is in low liquidity the spread could be higher, the best time for scalping is London overlapping the New York Session, In this session often the spread is start from zero mainly major pair like EURUSD

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On 12/23/2023 at 11:25 PM, boltushkin said:

In my opinion, the best conditions for sclaping should include tight spreads and fast execution. Which is why I trade with Hotforex, where the spreads are tighter starting at 0.0 pips and the execution speed is less than 50 ms.

When we are doing scalping based trades we will need to remember that the timings into the markets are very important for us and we have to be careful about them.

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