US Forex Brokers Allowing Scalping
Forex scalping strategy is a practice considered too intense by several forex brokers. Some of them regard the method as something that may disrupt their system and thus limiting or even prohibiting it in certain conditions.
Usually, US forex brokers are not left out from the prohibitions of certain strategies due to regulatory restrictions. But it seems that scalping is not one of them. If you want to trade in a US-based forex broker with scalping-friendly conditions, here are some recommendations.
Additional FAQ
How to setup a scalping strategy with Moving Average?
You can use 34 EMA as part of a breakout trading strategy, which is suitable for scalping because it can point the direction of the trend. If you combine it with trend lines, you are going to be able to enter trades based on counter-trend opportunities.
For the time frame, you can choose between 1-minute, 5-minute, or 15-minute chart. Major or cross currency pairs that involve EUR, USD, GBP, and JPY are recommended.
Continue Reading at Forex Moving Average Strategy for Scalping
What are the benefits of scalping?
- Quick profits
- It can reduce the risk of significant adverse price movements during longer holding periods
- Reduced overnight risk
- Scalping allows traders to take advantage of small price fluctuations and market inefficiencies that may be unnoticed by longer-term traders
Continue Reading at Four Common Active Trading Styles
What are the buying rules in triple EMA scalping strategy?
- Once the 10 EMA crosses the 50 EMA to the upside, a pending order should be placed about 2-5 pips above the high of the candlestick that appears after the breakout.
- The pending order then gets activated if the next candlestick happens to break the high of the previous candlestick. However, if this doesn't happen, just continue to move the pending order above each new high candlestick.
- A stop loss should be placed 2 to 5 pips below the low of the candlestick whose high has been broken leading to the activation of the pending order that was placed initially. Alternatively, if there is a swing low point (support level), then it is better to use that as well and simply position the stop loss a few pips outside the support level.
Continue Reading at Simple to Follow: Triple EMA Scalping Strategy
How to apply scalping in forex micro account?
To have a successful scalping, you are required to pay close attention to price action and make decisions quickly. If you're watching the news and see that there's been an event that could impact currency prices, jump into position immediately so that if they do move, you're in while everyone else is still deciding what to do. This strategy also requires good risk management so that you don't get stopped out of your trade before the price has a chance to move in your favor.
Continue Reading at Top 3 Forex Micro Account Strategies