best broker for scalpling?
in forex trading or tading news
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Filed under: Forex News
Scalping is a specialized methodology that requires something more than just low fees. It’s going to require some heavy research to know in advance, or trial and error to find out for sure.
"Best" and "cheap" usually don’t go together. Anyone that recommends "cheapest" doesn’t have a clue.
I’m a momentum trader, and I also trade the news and high volatility moves. I had one broker that would only take a market order when it benefited him; wouldn’t take it on a running market where it would benefit me. This told me that the broker was trading against me. I also found my stops got hit a lot before reversing direction. There are a lot of problems with cheap, unregulated, forex brokers too lengthy to mention.
You can do away with all of the unregulated hocus-pocus garbage and just trade forex futures instead. I get better fills, my stops are more stable, and commissions are a flat rate of 1 tick. You won’t find a forex broker less than 2 or three pips, then when volatility kicks in, they widen the spread. At the moment of a report, you may see the spread widen 20 pips. Whoa! Time to find a new broker, or just trade the futes.
we use genesis trading at our office. its good for scalping
edit: didn’t see you were scalping forex. we use genesis for equities. good luck
If your trading strategy involves scalping, then you want to look for a forex broker that offers the lowest spreads and low commissions. Check out www.mt4spreads.com, which is a review site that compares the current spreads of popular forex brokers.
I believe the top forex broker with the lowest spreads currently on that site is IamFX, which can be found at www.iamfx.com. Good Luck!
There are many best broker for scalping in forex trading such as:
http://www.forex4you.com/
http://www.forex.com/
and there are many more..
You can enquire for the details then start trading if you like these forex brokers.