If you are looking for the Best Forex Brokers for Scalping, you have come to the right site. It is our endeavor to provide reviews about forex brokers that allow scalping on the basis of the points cited below so that you can easily choose the right broker to work with. Additionally, we will provide some basic educational material and update you on the current market trends so that you are in a position to trade profitably. This will be of great help to you in exploiting profitmaking opportunities that you come across from time to time and make informed decisions. Our professed mission is to help you take advantage of the potential of the currency market which is the biggest financial market in the world.

List of Recommended Forex Brokers that allow Scalping

Scalping, Hedging, EA Robot, News Trading allowed

Payment options : Credit/ Debit Card, bank wire transfer, local bank transfer, Neteller, Moneybookers Skrill, Western Union, MoneyGram, WebMoney, China UnionPay, SOFORT, iDEAL.

MetaTrader 4, Smartphone, Iphone, Android, PDA

Type Account : Micro, Premium, Vip, Currenex, Fix

Scalping, Hedging, EA Robot, News Trading allowed

Payment options : Skrill, Credit Card, Neteller, Cash U, Fasapay, BCA, Mandiri, Bni, Bri, Webmoney, American Express

Regulation: Cyprus Securities and Exchange Commission (CySEC)

Payment options: NETELLER, PayCo, Paxum, Cashu, Skrill, WebMoney, Ukash, Visa/MasterCard, China Union Pay, Megatransfer, Bank Wire, Paypal, Yandex Money, QIWI

Payment options : Credit card, PayPal, Neteller, Moneybooker, bank wire, money gram

ACT and MT4, Mirror trader, Zulutrade, Currensee Platform

Payment options : Wire Transfer, credit card, Paypal, MoneyBookers, Webmoney, NetTeller, etc..

The foreign exchange or forex market can be defined as a decentralized global market for trading (buying, selling and exchanging) currencies at prevailing or determined prices. It is the worlds largest market in terms of trading volume. The large international banks are the main participants in the forex market. The currency market works round the clock on all days except Saturdays and Sundays. It is not the currency market that determines the values of various currencies, but it does help to set the price that can be demanded for one currency against another.

The forex market operates on many levels through financial institutions. Banks approach a few number of firms in the financial sector referred to as Dealers who are involved in trading large volumes of different currencies. Though some insurance companies and other financial firms are involved, most of the forex dealers are banks and, therefore, the behind-the-scenes market is known as the Interbank Market.

The forex markets uniqueness can be attributed to its following characteristics:

• Low margins of profit (in relative terms) compared to other fixed income markets

According to the International Settlements Bank, the average trading in the forex markets was $5.3 trillion per day in 2013.

The history of online forex trading, as it happens today, can be traced back to 1973 when the Bretton Woods System introduced following the great instability caused by the World War II. Essentially, online currency exchanges are forex brokers that enable you to trade currencies through a platform.

Quote: As you will always be comparing one currency with another, forex is frequently quoted in pairs. For example, the price of EUR/USD pair at 1.4022 shows that how much is 1 EUR worth in USD.

Lot: It is the smallest available trade size. Typically, it is 1,000 units of a currency. Traders can place trades in different lot sizes, but they must be multiples of 1,000 units.

Pip: This is the unit for expressing the profit and loss in a forex trade. Currency pairs, except those involving the Japanese yen, are quoted to four decimal places. One point change in the fourth decimal place is referred to as one Pip. For example, the rice of EUR/USD pair increases from 1.4022 to 1.4027, it means that the price of EUR/USD pair has risen by 5 pips.

Leverage and Margin: Both investors and companies make use of leverage. You as a forex trader can use it to increase your returns. It is a loan extended by the broker to an investor. Typically, the leverage provided is 50:1, 100:1 or 200:1.

When you decide to invest in the currency market, you need to open a margin account with the broker you want to work with. Margin can be defined as good faith deposit traders put up so as to hold an open position.

Spread: The difference between the buying and selling prices is called the spread. Often, two prices are given for currency pairs. These represent the price the market maker is ready to give when buying from you and the price the market maker takes when selling to you.

In forex trading, scalping involves buying and selling currencies on the basis of real-time analysis. The reason as why traders involve in scalping is to earn profits. Scalpers place many trades throughout the trading session using a system that generates signals through the technical analysis charting tools. These signals enable the traders to take buy and sell decisions. Forex scalpers look for a small profit from each trade and place large number of trades to achieve the desired profit levels by the end of the trading session. The forex scalping system used by the trader can be manual or automated.

However, many forex brokers do not entertain scalpers for various reasons. Therefore, it is a tough task to identify the best forex brokers for scalping. In addition to factors such as regulations, minimum amount to be deposited to start trading, withdrawal policies, trading platform technology, etc., scalpers should look at the spreads offered.

This is because the brokers that offer the lowest spreads are the best for scalping traders. Traders who do not employ this strategy or other day trading strategies often open and close only one or two positions during the course of a trading session. In their case, the cost of the spread offered is easily offset by a successful trade. The situation is different in the case of scalpers as they open as well as close several positions in a day. As a result, the cost of the trades becomes a significant factor.

It is true that scalpers should look out for thelowest spreads forex brokers, but they should make sure that the brokers are offering the lowest spreads for the currency pairs they want to trade. As said earlier, scalpers upset the plan of the brokers to net out the positions with the result that brokers are forced to commit their own capital. Therefore, it is best that you leave the job of shortlisting lowest spreads forex brokers to professionals, the

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