First, we need to start from most important thing when we talk about scalping – selecting a broker. There are many brokers out there, but only small part of them allow scalping. You can look for all alternatives you have. I can recommend the broker that I use with my daily trading. It is Yadix. They are scalping friendly, they also have an account for scalpers – Check it here.

What is the difference? It is not only about low spread which you need. It is about setting stop loss and take-profit orders. With a standard broker you are not allowed to set them nearer than few pips (usually 3-5 pips are minimum). And that is a big problem. Because of that limitation, you can’t scalp.

When you are scalping, you plan to take more trades during a day. If something goes wrong, you close your trade. If you are profitable, you are not holding a position for long period of time. You take small profits. To be able to do that you have to place your stop loss and take profit near to the entry points. For some reason, this is a problem for most brokers and they do not allow that. That is why you want a broker which allows you to scalp.

Others broker you can check for scalping account:

  • Markets.com
  • AvaTrade
  • AvaTrade
  • FOREX.com
  • FXCM
  • FxPro

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Indicators

Forex scalping and daytrading – indicators: