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 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
How to enter a buy trade with simple EMA scalping strategy?
- The first EMA must cross the second EMA from below.
- After the two lines cross, wait until the bullish candle closes
- Open buy after the two conditions above is fulfilled
- Set stop loss about 10-20 pips
- Set take profit about 15-50 pips
Continue Reading at Simple Scalping Strategy with EMA
Scalping is a method where a trader opens a position (or many) frequently with a short holding period in order to accumulate small gains. Specifically, each Scalping position usually lasts less than a day and more often than not, in under a minute! Subsequently, Scalpers usually takes only meager profits for each position. That's because in a short amount of time, the price movement will easily touch either the stop loss (SL) or take profit (TP).
Continue Reading at How to do Scalping Like a Pro
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?
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