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Scalping traders always face difficulties in their career because many brokers don’t support this scalping due to some restriction. In spite of being a profitable trading strategy scalpers have to choose their broker carefully. Luckily I find Forex4you the best STP trading broker for scalping trading style. To make my scalping trading profitable they give me – narrow and tight trading spread from 0 pips, smart bridge of technology, wide range of deposit bonus etc.
My base currency is always USD/EUR from the starting of my business. My broker BPRIMES always consider the major trading pair for me with lowest trading spreads. We know that forex is the ultimate market of currency exchange. The different currency of a different country is exchanged in this market. But few currencies among the whole currency of the world are widely accepted. That’s why they are called base currency. These are USD, GBP, Euro, JPY, etc.
Scalping traders face unique challenges due to their rapid trading style, including high transaction costs, tight spreads, and the need for quick decision-making. They must also contend with increased market noise, slippage, and emotional stress, requiring precise timing and discipline to succeed consistently.
Scalping is a short-term trading style, and personally, I'm not very fond of it. That's why I still feel comfortable with long-term trading; this way, trading can be more optimal and focused on Tickmill.