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Originally Posted by Patrick_Rhodes
Like I say, scalping is for only a few points, not 10 or 20, and most forex platforms will not even let you place a stop for that short a distance from the most recently traded price. In truth, I do not believe the forex market even qualifies as a viable market for true scalping. Take it from one who has done it for over 10 years.
Patrick
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I was talking about a mental stop, but not to worry.
The original issues were 1) the viability of scalping 3-5pips without any form of stop-loss, 2) whether brokers (with the help of rival brokers) target scalpers by manipulating price between them (your suggestion!), and 3) whether brokers flagged an account where the trader only keeps a trade open for a short time. All those issues have been addressed, but just to recap: No, it's not viable to try scalping 3-5 pips as a trading strategy without any form of stop. No, brokers do not work together to target scalpers. And no, there is no radar scanning for traders who only hold a position for x minutes.
I trust that answers your questions?
Cheers
Mick