Do I need 2 accounts or 2 brokers?

Do I need or can I even trade same pair D and M15 at the same time with 1 broker account? Do I need 2 accounts? or 2 Brokers?

lolwut?

Are you sure you're ready to trade?

Maybe he means for hedging the same currency?

You need one account and one broker. I advise you to open a micro account. You will lose less money.

I knew this question would bring out some pompous. Thanks for proving me right!!

Why not?!? I use 3 real accounts, and one demo at one broker. The demo is for observation while the other 3 are for different strategies. Two of the accounts I use are for vigorous scalping one of the two for extreme action, while the third one is for position mainly executed with the standard risk reward shitty philosophy. On the third one I execute and even often forget I have even traded. I check it from time to time to see whether the stop loss or take profit has been hit. So it's up to you and your preferences.

If your broker have the FIFO rule, you can be in trouble, better open another account.

Your question is a little light on facts so one must assume...which is why you are getting the smart ass comments. I assune you are asking this question because you plan to implement two strategies that may have you trading in opposing directions on the same instrument at the same time. To answer this one needs to know what country you account will be...this is because of varying regulations for consumer accounts. In the US that would be "yes" you need two accounts. Due to the laws against hedging and FIFO (first in first out) it would make it a virtual certainty that you will lose all your money. ..However in other countries such as UK and Australia. ..I believe this is permitted. ..again more information is needed...you will just have to research it for yourself.

hey don't get me wrong. From your question i thought you were a beginner who wants to trade live too soon. If i got wrong i make my apologies, my question was no sarcastic at all.

total confusion here. Just have one account. have a trading style that you can stick to. be it scalping or swing trading or whatever.donot mix trading styles because you will hurt.

imo different conditions call for various methods & strategies.

[quote=gspajon;7721642]{quote} Your question is a little light on facts so one must assume...which is why you are getting the smart ass comments. I assune you are asking this question because you plan to implement two strategies that may have you trading in opposing directions on the same instrument at the same time. To answer this one needs to know what country you account will be...this is because of varying regulations for consumer accounts. In the US that would be "yes" you need two accounts. Due to the laws against hedging and FIFO (first in first out) it would make it a virtual certainty that you will lose all your money. ..However in other countries such as UK and Australia. ..I believe this is permitted. ..again more information is needed...you will just have to research it for yourself.[/quot

Thanks for the answer. I thought the hedging would be a problem. When I get a signal I trade the D period from open to close without intervention. Allow it to continue to next day(s) when signal permits. Next I like the 2-4 AM London M15 period with a certain method but figured hedging would be the problem. Thinking 2 different accounts would suffice, looks not to. I was looking for an answer as MB Trading is closed till 5PM Sunday. Usually I get average 2 D trades per week. Suppose I could just trade M15 when not engaged with D trades.

I don't frequent Forums much because credentials are hard to verify. A new member could be trading since yesterday or for a decade. Both feel free to advise!!