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ccooper, Currenex does not admit to a "last look" feature - but many traders do. It is difficult to prove that this feature exists than by experience. All these firms police themselves and it is difficult to bust them at their own game. The NFA is cracking down on forex websites and small firms...

Wow! I had forgotten about these guys. We've tested so many platforms and liquidity solutions that I did not remember about global. I never went to visit them. The commissions they wanted were outrageous and they though I was an idiot. They kept giving me bs about what real institutional...

milkcake81, Forex Trading USA has a few brokerage firms that they work with and are only looking for active day traders or scalpers - not position traders. You initially trade on a demo before entry level and then full funding begins.

VSTscalper, I PM'ed you about the webinar.

spike500, if you do this, you can't increase the assets under management very much either. You are limited by the inability that scalpers have to increase assets under management due to instantaneous liquidity shortages. murray_t_turtle, I agree with you; but I think the advantages extend...

I consider that a scalp. I thought you were a swing trader. Scalping doesn't just mean executing a gazillion transactions a day. Not every scalper does that. Some just trade a few times, but the trades are quickly entered and closed. It's not just about the return. I care more about how that...

I second that virgin. The proof is in the pudding.

Dude, common! Go tell that to a newbie. The reason I've had so many arguments with swing traders in other forums is because they don't know how to scalp. It's not the other way around. I know exactly what swing trading entails. It requires working under the false pretext that one is not...

spike500, if you make 5.95 points a day (assuming a 5% return per point) just for a month with compounding, you'll multiply your money 182 times by the end of the month - without compounding, 7 times. No one, scalper or non-scalper, is making this return. nonlinear5, optimistic spread of 2...

Lon_Eagle, let us know what happens during the conference.

spike500, Soros, Henry, and Buffett couldn't scalp even if they wanted to. They cannot swiftly get in and out of a position with all the money they have under management. It's impossible. Liquidity is definitely an issue for scalping, but you are exposed to the market less time. Less time in...

Thanks, onelot. I was really hoping someone would rebuttal a few of these points to save me the typing:) spike500; It is true that you cannot put 1 billion of assets in an account and scalp. No market can absorb that amount of liquidity on an instantaneous basis. The price of the market would...

That' totally inaccurate. "Unrealistic?" It is not. The most successful traders I've ever come across are scalpers. I work with scalpers that are profitable. They exist. Most traders can't scalp though. It is not for everyone. "very stressful?" - only for traders that can't make money on it...

If you want, PM me your contact info and I'll call you from the office on Monday. I work with scalpers and algorithmic traders and have eperience with many of the liquidity pools out there.

0.7 to 0.9 pips of profit per trade doesn't leave you much room to play. First of all, if you go the way of Currenex, your spread on EURUSD will be 1 pip many times. You also have to add the commission you pay on top of that. When you move away from the retail arena of the brokers you...

Not true. "Small gain?" Only if they are not very good at what they do. Really good scalpers are not only very profitable, the fact that they are in a position only a very short period of time adds another level of risk control that's absent from swing trading: reduced market exposure. When...

I have found discretionary scalpers to be the best, even though I have seen some very talented algorithmic guys who I'm trying to work something out with. I only work with a handful of scalpers - very few. They are really difficult to find and most of the profitable ones are trading for themselves.

Wait; before you go with FXCM, you should ask for the opinion of a few more members who never participate in this forum and just register to answer your question on their first post! Very reliable information. :)

There is no definition of it. It's like trying to define "investing." Although general definitions are used, none of them are 100% accurate because "investing" (like "scalping"), means different things to different people. Each broker might define scalping differently based on the type of...

Not necessarily. Even though buying at the bid and selling at the ask is a form of scalping, to me it's more like market making. None of the scalpers we fund scalp that way. They enter the market when they think it's going to go their way pretty quickly. If they tried to buy at the bid and sell...