Forex scalping

[dally25]

Hi,
Does anybody do forex scalping? if so can you tell me which brokerage do u use and how are you doing with scalping in forex. I know that some brokers may close your accoutn if they find you scalping.

[phildunn]

Most brokers don't allow scalping.

[dally25]

I know. I was asking if there's any exception.

[protrader]

Too much wasted effort. A slightly longer trade would earn more reward. (vs risk)

[msc]

In researching brokers, I haven't seen one that says on their site that they prohibit scalping. There's one (InterbankFX, maybe) that says they execute your orders differently if you're a scalper. I know someone who scalps on CMSFX, and apparently hasn't had problems, but he did have problems with FXCM.

[GFSignals]

Currently there is a lot of different brokers. if you are using scalping method you can change forex broker every month (when you get profitable on your current account).

[protrader]

why would you want to change broker every month?

Also - dont you think the more trades you do when you are doing this - you are just making your broker rich

[msc]

you are just making your broker rich

Hey, as long as I'm getting rich, I don't mind sharing with my broker. I don't believe in scalping either, but consider that if you only average 3 pips per trade, trading 5 standards at a time, twice a day, that's about $6000/month, right?

[GFSignals]

Originally Posted by protrader

why would you want to change broker every month?

Also - dont you think the more trades you do when you are doing this - you are just making your broker rich

Brokers don't like scalpers. They only earn money on profitable positions. If broker has 1-2 pips spread and after getting 1-2 my pips he is not going to be reach.

[duckxtales]

what do you guys mean by Forex scalping?

Is where you lend your account to someone else while you sleep to make money?

In effect you could be making or losing money by the other person playing?