If you are with an normal bucket shop broker then when you Buy/Sell you are just taking a bet with the broker that the price will rise / fall. There is no buying of any digital / physical currency
The obvious = get a strategy that works. Sure money management, capital, broker etc etc are important but are secondary to strategy. If you aren't entering and exiting the markets at a sensible point then you will never make money
High costs are inherently the cost of being a scalper. If your only taking 5 pips from the market and spreads + commission is 1pip then 20% of your pips are going to the broker. That is a HUGE cost per trade
I hate to be negative but although this strategy looks really good on paper, I have tried a similar strategy before and I just couldn't make it work in the long run. Maybe I was doing it wrong but I found it very difficult to get the entries right and take profit right.
Trade war would hurt both the US and China. Inflation would be painful to the US but a significant dent to Chinese growth prospects would cause markets and house prices to crash and really hurt the Chinese middle class. This could result in a significant drive for politcal change in China or...
Thanks for pointing out the small print. I hadn't not noticed that. I'm going to give the free broker a try but only with a small account and see what happens.