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Hi, I'm newbie. Can Anyone tell me what exactly scalping means? I know there are many brokers that don't allow this technique, but I couldn't find the cryteria they use to say one is scalping.
Hi, I'm newbie. Can Anyone tell me what exactly scalping means? I know there are many brokers that don't allow this technique, but I couldn't find the cryteria they use to say one is scalping.
Hi,
Scalping is an overused term. Basically it means quick trades with small profit.
What brokers mean by Scalping is - trades closed within 1-2 minutes with 1-2 pips.
In this strategy profits are larger. And it is a manual strategy.
All you need to do is to study the setup and practice.
The more patience you have to wait for the setup - the more you will profit.
I've been replyed from fx clearing, about their scalping parameters. They say:
"Dear Sir,
Be aware that methodical aggressive scalping is prohibited. Generally
scalping is defined as a trading style where most of your trades take less than 5-9 pips of profit, or are kept open for less than 5-9 minutes.
Let me know if you need further assistance, please.
Kind regards,
Vadim Salogubov
Account Manager
--
FX Clearing Global Support Team
http://www.fxclearing.ca"
With which brokers can i use the trex scalping method? or at least over 2 minutes? because I closed some positions within 2-4 minutes, without knowing that's scalping.
I've been replyed from fx clearing, about their scalping parameters. They say:
"Dear Sir,Be aware that methodical aggressive scalping is prohibited. Generally
scalping is defined as a trading style where most of your trades take less than 5-9 pips of profit, or are kept open for less than 5-9 minutes.
--
With which brokers can i use the trex scalping method? or at least over 2 minutes? because I closed some positions within 2-4 minutes, without knowing that's scalping.
My advice - trade with regulated brokers.
Sent you a PM with info - feel free to do your own due diligence too.
I've been replyed from fx clearing, about their scalping parameters. They say:
"Dear Sir,
Be aware that methodical aggressive scalping is prohibited. Generally
scalping is defined as a trading style where most of your trades take less than 5-9 pips of profit, or are kept open for less than 5-9 minutes.
Let me know if you need further assistance, please.
Kind regards,
Vadim Salogubov
Account Manager
--
FX Clearing Global Support Team
http://www.fxclearing.ca"
With which brokers can i use the trex scalping method? or at least over 2 minutes? because I closed some positions within 2-4 minutes, without knowing that's scalping.
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