Scalping in My little Opinion

First of all I would thank the people within the FOREX FACTORY forums for accepting me as a member of this great institution.

And my first post will come from something that I suffered within the market during my trading, especially when my best way in trading within these situations where the market is not stable and makes no sense with its interactions with the events, is the scalping.

And from this point I saw that the high spreads provided by the majority of the brokers are too high to perform some scalping.

In my opinion, I think spreads more the spreads showed down is over, and make the work too difficult on people who like to scalp.

Sorry of elongation, but this matter was centralizing within my mind, and my thread came for the benefit for all, starting with me.




http://www.up-00.com/xbfiles/Dsv91968.jpg

If you cant scalp the EURUSD on a 1.5 pip spread, and make money, you just aren't good enough. Its easy for those who know how.

This thread is not talking about my ability, or about how can I perform.

But when you can have lower spreads that make you able to scalp better and you still talking about 1.5 which will be at least when the market is volitile, but that spread you will not have it in all cases of the market.

What I am talking about is not to care about spread while you know that it's nothing when it is compared with your targets.

It is still an opinion, and was not talking about my ability.

In general, the spreads are getting more and more difficult to scalp with. Especially when they take on a life of their own when you have a position open.
For now, you have to pick and choose your trading hours and pairs more carefully. There are times when the spreads are workable and times when they're not.

http://www.lmax.com/

Ideal for scalpers who trade under 100k and don't want to deposit 10k. True STP and taking 2-3 pips is 'easy' with spreads of 0-1.

Seems amazing that brokers are able to offer such low spreads without charging a commission at least. How are they able to offer that?

Also to the OP, definitely best to align your trading styles with your strengths, risk tolerance and time frame. Scalping isn't for everyone, that is for sure. You do mention trying to overcome the spreads and of course as a scalper your risk reward is extremely low so you need lots of oppportunity to realise your expectancy. This means low spreads are vital as are razor sharp computer skills and ability to take action quickly.

Check out some of the ECN brokers, some of them offer extremely low spreads making scalping quite possible even for a newbie..but do note, not all brokers allow scalping, so you may want to double check this out with the broker..

not all broker allow scalping? how come?

Nope, no clue..can guess but nothing concrete. Anyone?