I have read that some brokers frown on the art of scalping.
Is there an actual set of rules or guidelines that a broker can look at to determine if a trader is scalping?
If I open a deal and there is a huge swing in the price and all of a sudden I am 10 pips up in 30 seconds, then I am going to close the deal. Isnt that normal and what most people would do?
Does it depend on your capital? Is a broker more likely to turn a blind eye to someone closing very quick deals who has only say $5000 capital, as opposed to a trader who has $100,000?
Interested to hear people thoughts.
Is there an actual set of rules or guidelines that a broker can look at to determine if a trader is scalping?
If I open a deal and there is a huge swing in the price and all of a sudden I am 10 pips up in 30 seconds, then I am going to close the deal. Isnt that normal and what most people would do?
Does it depend on your capital? Is a broker more likely to turn a blind eye to someone closing very quick deals who has only say $5000 capital, as opposed to a trader who has $100,000?
Interested to hear people thoughts.