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trading on short term basis


Gee Dee

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If you are trading on short term basis, you will need to work with a trading platform that can provide yu lower transaction costs. As we all know that over the short term trading horizon, a forex trader can enjoy more liquid position but the profit potential can be minimum as a short term trader tries to take advantage of smaller price fluctuations. In that case the trader should forgo higher profit for safe position.

 

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Which broker that you recommendation for a newbie in forex?

JustForex - and not only for newbies. it's a universal Forex broker with a huge variety of trading instruments while conditions allow traders to use any strategy they want to. Earlier this broker added cryptocurrency pairs.  -_-

I see that on Black Friday period justforex offers clients favourable prices on opening Standard or ECN Zero account

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I enjoy doing short term trading, but I never like to fix a type, as I feel it’s important to ready to all types, as that’s the ONLY way to be successful. I work with FreshForex, which helps so much due to their low spreads, lightning fast execution without slippage issues. And there is also cash back facility, so all features that are picture perfect when it comes to scalping.

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It is becoming harder to recommend any brokers these days because almost every day a new broker is formed and another wind up, so better to do some own research before finalising any broker.

 

A very good suggestion. When it comes to trading, take suggestions from others but ultimate decision should be your and yours alone.

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Scalping not recommended option for new traders, better they should choose trading longer time frames in start. For scalpers i guess low or no spreads accounts are recommended however in some cases many brokers claim zero spreads but charges commissions which are too high in my opinion which does not cover transaction costs, so better check the brokers properly before going with them.

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9 hours ago, Upoctin said:

Focusing on your trading strategy is what will make you a good short-term or long-term trader. Do as much backtesting as you can. Along with strategies, traders need to manage risk and money well. Psychological factors also play a major role.

If we are making use of a Trading Strategy that is easy to understand we can start getting the Results.

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