Forex Analysis
Is scalping the Forex market illegal?
Among the strongest arguments against Forex scalping is that many Forex brokers do not like Forex scalpers. And, although Forex scalping is absolutely legal , trading through brokers and scalping can be a bit tricky. Tricky in the sense that all Forex brokers like profit and get addition profit sometimes when a trader is in a losing position, scalping while entirely legal, cuts into these profits for brokers. I have heard many stories from friends and trading associates about being asked to find another broker. This is the extreme but does happen when a client scalps the market regularly through a particular broker.
Another popular argument against Forex Scalping is the fact that Forex scalpers need to use higher leverage to be able to make higher profits per trade. consequently, this much of the time means higher risks in trade.
Forex scalping is a trading style/technique that takes advantage of the many very small changes in the price of a currency, which is usually shortly after you make the trade transaction, and this leads to profit. This strategy is not used to get 50 pips, but rather, the strategy is more concerned with controlling the action of the currency price. This strategy works best when you buy and sell the currency price as fast as 5 to 15 pips. Forex scalping is highly profitable and very fast paced but also a bit more risky than your average trading strategies
Is scalping the Forex market illegal?
Among the strongest arguments against Forex scalping is that many Forex brokers do not like Forex scalpers. And, although Forex scalping is absolutely legal , trading through brokers and scalping can be a bit tricky. Tricky in the sense that all Forex brokers like profit and get addition profit sometimes when a trader is in a losing position, scalping while entirely legal, cuts into these profits for brokers. I have heard many stories from friends and trading associates about being asked to find another broker. This is the extreme but does happen when a client scalps the market regularly through a particular broker.
Another popular argument against Forex Scalping is the fact that Forex scalpers need to use higher leverage to be able to make higher profits per trade. consequently, this much of the time means higher risks in trade.
Forex scalping is a trading style/technique that takes advantage of the many very small changes in the price of a currency, which is usually shortly after you make the trade transaction, and this leads to profit. This strategy is not used to get 50 pips, but rather, the strategy is more concerned with controlling the action of the currency price. This strategy works best when you buy and sell the currency price as fast as 5 to 15 pips. Forex scalping is highly profitable and very fast paced but also a bit more risky than your average trading strategies
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