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Re: What is scalping?
I posted directly to the reply I saw in my email box and didn't see these other posts.
If what this MBA friend said is true, it would be a very hectic business trying to match all of those failed trades to the new, broker entered trade wherein they would pick up their 20 pips or so.
So let's assume the worst case scenario here and conclude that the brokers are doing this (even if they're not - it's better to have our guard up anyway).
What do we do about it? If it were illegal, some political wannabe like Spitzer would have already jumped on the practice for their own reasons.
So we don't use broker initiated training and we trade as short term as possible without coming on to the broker's radar screen.
what time frame would that be? I think probably anything more than 10 minutes a trade. Any other suggestions?
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