Quote:
Originally Posted by FseXy
No, not consistently scalp traded throughout the day each day or anything as far as that. Mostly for testing different trade strategies out.
As you say though you don't have experience of this from your own trades or other traders trades.
It is worth opening an account to trade low volume lots to test for this. At least I think so if you intend to find a long term broker that allow it. I am waiting for Alpari to allow scalp trading with no spread. Still no set date for this so can't be sure if it will happen. When I asked they say it will and minimum trade volume of 5 lots per trade.
Do you manual scalp trade or look to use automated bot? Some are against automated trading but really I am not if a trade method has mechanical rules to begin with that is.
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I was referring to MT brokers - I have no problem at all scalping with Interactivebrokers (the more you trade, the better they like it, as their income is almost exclusively commission-based). This is what is so fustrating about the bucketshops, they clearly are not happy to just earn a 'respectable' living from commissions, they want to screw you on as many fronts as possible. Like most people on TSD, I'm looking to try automated trading in earnest, even on a limited scale. But it seems like it is going to remain a pipe-dream until ECN's decide to emulate Metatrader and enter the fray...
I have already been dissappointed by one MT broker (Aleccohfx) - I think I will wait for something more than rhetoric before taking the plunge again...