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Originally Posted by phildunn
In the agreement of my FOREX broker, I found this clause:
e) No Scalping: Trader agrees and acknowledges that the service provided by to Trader hereunder is not adapted for trading techniques commonly known as "scalping" or "picking" ("Scalping"). In the event of Trader employing the Scalping techniques, Trader agrees and acknowledges that may in 's sole discretion take one or more, or any portion of, the following actions: (i) close Trader's account; (ii) suspend Trader's account for an indefinite period of time; (iii) carry out an investigation on Trader's account for an indefinite period of time; (iv) charge a penalty fee to Trader in the same or greater amount of money that resulted from Trader using Scalping techniques.
What is scalping actually?  |
It is potentially the most profitable strategy. You are in and out of the trade in matter of minutes or seconds taking few pips, often using many lots at a time.
Who is that broker?