VFSC Forex Brokers Allowing Scalping
"Does your broker allow scalping?"
That question should come even before how low the spread is if you want to look for the best forex broker for scalping. As a matter of fact, not every broker allows scalping as some say it can "disrupt" their system.
To ease your concern regarding this matter, we have compiled a list of forex brokers allowing scalping below. Keep in mind that these are VFSC-regulated entities, so there are pros and cons to think about when opening an account with one of them.
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How to prepare a scalping strategy with EMA?
- Choose High Volatility Market: There are at least two easy ways to check how high is the volatility. The first is through volume indicator which could be found in the MetaTrader4 platform, and the second is by taking a peek at the fundamental calendar.
- Choose Timeframe: Choose two timeframes for scalping: one a smaller timeframe such as M1 or M5 and one a higher timeframe like M30 or H1.
- Install Several Moving Averages Line: For instance, you can choose EMA-7, EMA-14, and EMA-24. In addition, you can also insert EMA-200 in order to gauge general market conditions.
Continue Reading at Easy Forex Scalping Strategy
How to use Parabolic SAR for scalping?
The general idea is that while the trend is down, the SAR chart position will appear above the price and you should enter a short position. If the market trend is upward, the SAR chart position will fall below the price and you should enter a long position.
Making use of this tool will also assist you in learning more about the trend and how to correctly place a stop-loss order. The creator suggested combining Parabolic SAR with the average directional index (ADX) to provide a more precise assessment of the strength of the existing trend. Candlestick patterns and Moving Averages can also be used.
Continue Reading at Which Indicator is Best for Scalping?
Why is scalping a popular strategy?
This trading style is so popular because it can "instantly" score a profit each time you open a position. With that instant gratification, no wonder every beginner tries their luck with it.
Continue Reading at How to do Scalping Like a Pro
Why are NDD brokers recommended for scalping?
To avoid scam brokers who often intervene in clients' orders. NDD brokers usually channel their clients' orders directly to the market or bigger NDD brokers. In this case, clients do not trade against the broker but directly against the market.
Furthermore, the spread in NDD brokers normally follows the real market's fluctuation but is generally lower than in other brokers. Some broker variants categorized under the NDD brokers are STP (Straight Through Processing), ECN (Electronic Communication Network), and DMA (Direct Access Market).
Continue Reading at The Secrets of Successful Scalping Strategy
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