- No Scalping!!!

[Trader/God]

Originally Posted by 4X4X

Hello,

serpfra1, I am surprised with their attitude and action! What problem do they have with scalping? I think there is clause in their aggrement regarding scalping. There are no writting rules of trading, it all depends on the trading styles which suits to traders.

Most dealing desks don't like it because its very difficult to offset that kind of volume, which opens them up to risk. And often times its technological arbitrage not really a technique other than taking advantage of the market maker (an example of this is having EBS feed on a T-1 and the retail trading on a dialup.) As soon as you see divergence hit the price and make the spread dissapear or have a near instant gain. Obviously thats not a sustainable strategy.

Trader/God

[fibonacci]

I trade with Forex.com. I always start trading with scalping when my account needs to grow. I have never recieved any warn

[4X4X]

Originally Posted by Trader/God

Most dealing desks don't like it because its very difficult to offset that kind of volume, which opens them up to risk. And often times its technological arbitrage not really a technique other than taking advantage of the market maker (an example of this is having EBS feed on a T-1 and the retail trading on a dialup.) As soon as you see divergence hit the price and make the spread dissapear or have a near instant gain. Obviously thats not a sustainable strategy.

Trader/God

Thanks for your reply, how do brokers differentiate scalping from short term trading? Is there any set description of the level of short term trading disliked by them?

[RedDuke]

It is a very thin line between scalping and sort term trading. Generally if you hold trades for 1-2 minutes and place them during news time, betting on price inefficiency, you will have problems with brokers. They could warn you, and then if you continue shut down your account or put you on manual. I am a short term trader, but I never trade news and learned the rules which sometimes suck, but small fish like us do not have much choice.

[4X4Living]

Originally Posted by Trader/God

Use an ECN and you can scalp as much as you want. Forget those retail platforms, not a single one is going to be good for those types of trades.

Trader/God

What do u mean by ECN ?

[4X4Living]

Originally Posted by fxmarkets.us

just had this chat with them...

Please wait for a site operator to respond.

Customer Support: Hello, how may I help you?
Visitor: hello, could you tell me if you have any scalping policies in place and how does it work ?
Customer Support: Yes
Customer Support: you cannot hold trades for seconds
Visitor: what am I limited to ?
Customer Support: anything longer is okay
Visitor: ok so its based on a time factor and not points ?
Customer Support: yes
Visitor: whats the cut off time factor sub 60 seconds?
Customer Support: yes
Visitor: ok but 61 seconds is ok ?
Customer Support: there is no set time
Visitor: right so its based on points then ?
Customer Support: The banks monitor large amounts of money for scalping
Customer Support: smaller account get by fine
Customer Support: time
Customer Support: 20 lots or greater
Visitor: there is no set time, yet its based on time.
Customer Support: the maller the time frame and the larger the amount in lots, you will get red flagged
Customer Support: smaller
Visitor: ok but sub 20 lots is free to trade in seconds ?
Customer Support: It will go below the radar
Visitor: ok thanks for your time there, very helpful.
Customer Support: As you approach 20 lots the roskier it gets for you
Visitor: ok, thanks again., goodbye

can you name me this broker please

[serpfra1]

i n t e r b a n k f x (

[serpfra1]

ECN= ELECTRONIC CURRENCY NETWORK
LOOK AT WWW.COESFX.COM