Forex Scalping - Scalpers Wanted
Forex scalping is in high demand nowadays. Many forex brokers frown upon scalpers, but not us. We are always looking for talented scalpers.
True scalping involves opening and closing a position in seconds or minutes at most. Even though scalping involves the use of leverage and higher leverage means higher risk, the short period of time a forex scalper is in a trade decreases the exposure risk that's inherent in trading or investing due to the holding of a position. If done correctly, scalping provides this additional degree of "risk control" that is not even present in day trading.
Why don't most brokerage firms like forex scalpers?
Because many brokers are making money trading against their clients through their dealing desks. Yes; this is still legal in the forex market. While this might not affect as much regular traders (even day traders) that stay in a trade for hours or days, scalpers are another breed of trader. The profitability of scalping currencies can be drastically reduced if the correct trading firm is not used. The small percentage of successful scalpers are usually "kicked out" by one forex broker after another.
Forex Scalping Platforms - the Good, the Bad and the Ugly
Scalpers use all sorts of platforms to scalp currencies, but probably one of the most common is MetaTrader 4 (a.k.a., MT4). MT4 is made by a Russian company and has become sort of the "de facto standard" among many forex day traders. The problem in using MT4 for scalping has nothing to do with the platform itself, but with the unscrupulous brokers that license the software and offer it to their clients (see the explanation earlier on brokers that trade against their customers).
For MT4 to be used in scalping the forex market without any limitations or restrictions, an ECN-type feed must be used or a multi-liquidity provider feed such as Currenex or HotSpotFxi. Currently, there are a few firms that are working on such a project to be able to accommodate extreme forex day trading or scalping.
Forex Scalping System Trading or Manual Execution?
While many forex scalpers trade manually, advancements in computing technology and powerful trading platforms like MT4 have given birth to another breed of scalper: the system trader or automated scalper. Many scalpers create forex robots or trading algorithms that are fully or partially automated, increasing execution efficiency and available trading opportunities. Whether you scalp currencies manually or let a robot do it for you, click here to see what we have to offer.
Saturday, November 3, 2007
About forex and FAQs
About FOREX.com FAQs
What are your commissions and fees?
What are your trading hours?
Will my funds on deposit be safe?
Can I trade with FOREX.com if I am not using my main computer?
What other services does FOREX.com offer?
What are FOREX.com's margin requirements?
Can I place orders over the phone?
Can I place a trade via e-mail?
What are your commissions and fees?FOREX.com does not charge commissions.* Prices quoted are inclusive of our normal dealing spreads, which are Interbank dealing spreads or less on all major currencies, including US Dollar, British Pound (Sterling), Japanese Yen, Euro, Swiss Franc, Canadian Dollar, and Australian Dollar.
What are your trading hours?FOREX.com traders are available 24 hours daily from 5:00pm EST Sundays through 4:30pm EST on Fridays, including most U.S. Holidays.
Can I trade with FOREX.com if I am not using my main computer?You may trade with FOREX.com from any computer with an Internet connection. Simply go to www.forex.com and login to your account. If you are traveling or do not have access to a computer with an Internet connection, you may execute trades over the phone with a GAIN dealer.
What other services does FOREX.com offer?FOREX.com's dealing software provides each client with a wide range of trading tools, including technical analysis and charting, real-time news feeds, real-time profit and loss analysis, and full back office capabilities. FOREX.com's market professionals will also provide daily FX commentary. Finally, account statements are sent at the beginning of each month, and list all transactions for the previous month by currency and value date, a summary of all current open positions, and account balance as calculated at the close of business on the last business day of the month.
What are FOREX.com's margin requirements?FOREX.com's initial margin requirement for a standard account is US $2,500 on our minimum trade size of US $100,000.
FOREX.com's initial margin requirement for a mini account is US $250 on our minimum trade size of US $10,000.
FOREX.com will only execute trades on margin if the client has sufficient funds in his or her account.
Can I place orders over the phone?You may trade with FOREX.com from any computer with an Internet connection. Simply go the www.forex.com and login to your account. If you are traveling or do not have access to a computer with an Internet connection, you may execute trades over the phone with a FOREX.com dealer.
Can I place a trade via e-mail?No. We do not accept trades via email. You may place a trade online or by calling 1.877.FOREXGO (367.3946) or 1.908.731.0750 (Int'l)
What are your commissions and fees?
What are your trading hours?
Will my funds on deposit be safe?
Can I trade with FOREX.com if I am not using my main computer?
What other services does FOREX.com offer?
What are FOREX.com's margin requirements?
Can I place orders over the phone?
Can I place a trade via e-mail?
What are your commissions and fees?FOREX.com does not charge commissions.* Prices quoted are inclusive of our normal dealing spreads, which are Interbank dealing spreads or less on all major currencies, including US Dollar, British Pound (Sterling), Japanese Yen, Euro, Swiss Franc, Canadian Dollar, and Australian Dollar.
What are your trading hours?FOREX.com traders are available 24 hours daily from 5:00pm EST Sundays through 4:30pm EST on Fridays, including most U.S. Holidays.
Can I trade with FOREX.com if I am not using my main computer?You may trade with FOREX.com from any computer with an Internet connection. Simply go to www.forex.com and login to your account. If you are traveling or do not have access to a computer with an Internet connection, you may execute trades over the phone with a GAIN dealer.
What other services does FOREX.com offer?FOREX.com's dealing software provides each client with a wide range of trading tools, including technical analysis and charting, real-time news feeds, real-time profit and loss analysis, and full back office capabilities. FOREX.com's market professionals will also provide daily FX commentary. Finally, account statements are sent at the beginning of each month, and list all transactions for the previous month by currency and value date, a summary of all current open positions, and account balance as calculated at the close of business on the last business day of the month.
What are FOREX.com's margin requirements?FOREX.com's initial margin requirement for a standard account is US $2,500 on our minimum trade size of US $100,000.
FOREX.com's initial margin requirement for a mini account is US $250 on our minimum trade size of US $10,000.
FOREX.com will only execute trades on margin if the client has sufficient funds in his or her account.
Can I place orders over the phone?You may trade with FOREX.com from any computer with an Internet connection. Simply go the www.forex.com and login to your account. If you are traveling or do not have access to a computer with an Internet connection, you may execute trades over the phone with a FOREX.com dealer.
Can I place a trade via e-mail?No. We do not accept trades via email. You may place a trade online or by calling 1.877.FOREXGO (367.3946) or 1.908.731.0750 (Int'l)
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