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.
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What is the benefits of scalping?
Traders can take advantage of small price movements that often occur in the market by using high leverage to increase profit potential quickly.
Continue Reading at Scalping or Swing Trading, Which One to Choose?
What is the idea behind using 3 EMA lines for scalping?
The idea is that by using 3 moving averages at once, we will be able to see the current direction of price on the chart as well as determine stop losses, trailing stops, and profit targets for further safety. The main benefit of using this strategy is that it can show whether the shorter-term trend is going in a favorable direction, which then confirms the longer-term moving average and shows a divergence.
Continue Reading at How to Use 3 EMA Lines for Scalping
Scalpers profit from minor market movements. When technical conditions push the ask price lower than normal, they would enter a long position; and when technical conditions push the bid price higher than normal, they would enter a short position. Profit or loss can be gained in minutes.
Continue Reading at Which Indicator is Best for Scalping?
What are 3 EMA periods we can use for scalping?
- 9 EMA as the short-term trend indicator
- 21 EMA as the medium-term trend indicator
- 55 EMA as the long-term trend indicator
If the 9 EMA line crosses over the 21 EMA line but is still above the 55 EMA, that means it is an uptrend and a good long opportunity. Meanwhile, if it crosses below 21 EMA and 55 EMA, then it is a downtrend and a good short opportunity.
Continue Reading at How to Use 3 EMA Lines for Scalping
