What is Scalping?
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What is Scalping?

sukidi September 12, 2016 Broker: FXTM 26
What is meant by scalping? Is a transaction under 5 minutes or with only 1-5 pips profit?
Replies:5

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5 Comment
FXTM September 14, 2016 Neutral
Good afternoon Sukidi.
The definition of Scalping sometimes varies between traders and other traders. Some interpret scalping as trading with a short time in a few minutes to close immediately. While others say, Scalping is taking profits only around 1-5 pips.

There is nothing wrong with these two meanings. Scalping is a combination of the two, namely taking profits of only a few pips in just minutes. Because, indeed, taking a few pips does not take a long time.

For scalpers, as scalping traders are called, taking a few pips a day is enough for them because it aims to maintain their discipline.

Thanks for asking about the FXTM Broker Testimonials.
Yoga Pranoto September 19, 2016 Neutral
Maybe Sukidi wants to ask what kind of scalping is allowed at FXTM. Is the transaction under 5 minutes or the other one? If there are no limits to both, that's great. FXTM as a forex broker means it's suitable for scalpers. :)
FXTM September 19, 2016 Neutral
@Pak Yoga pranoto:
For FXTM brokers, the accounts allowed for scalping are ECN zero or ECN accounts (There are no rules whatsoever for scalping, aka Free. Thank you for the comment.
Andy October 24, 2016 Neutral
If I open a cents account, I take a position, and within 4 minutes I have made a profit of 50 pips, then I close it. Is this against the rules? Thx.
FXTM October 25, 2016 Neutral
Good afternoon, Mr. Andy.
For cent accounts, if you close a position within 4 minutes, it doesn't violate the rules, sir. To close a position on an FXTM cent account, a minimum of 2 minutes, sir

Thank you for asking at FXTM Forextime. :)

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