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Re: Scalping Strategy
Hi Tzachi,
I currently mostly trade from 30 min charts with 5 min to pick exact entries and sometimes exits. I did try to use 1 min time frame and found it to be more difficult/exhausting because it keeps you 100% occupied all the time to be able to utilize 6+ pairs. ATrading off 30 min charts leaves me with a lot of free time, and after reading this thread, I will revisit 1 min trading, may be I’ll be able to do better this time.
In 1 min trading, the main problem of course is the spread and brokers putting you on manual when you stay in trades for too little time. So far I found that o a nda has the smallest spread, which unfortunately increases occasionally, but I did not trade economic numbers, so most of the time I was Ok. Which broker are you using? I wonder if there is someone better. I currently use FXCM which is OK for 30 min trading (I usually stay in a trade from 5min to 2-3 hours), but they make it almost impossible to do scalping.
Regards,
redduke
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