How to speed up scalping
One of the most important indicators that are important when using the scalping strategy on Forex is the speed of order execution; it is
instant execution that allows you to take a couple of points of profit more.
These few points later add up to tens and hundreds, which, translated into real money, gives quite a profit.
There are several techniques that can significantly speed up the execution of orders in a trader’s trading terminal.
1. The broker with the fastest order execution - in most cases, it depends on the broker how quickly your order will be executed; the speed range is quite large and usually ranges from 0.2 to 3 seconds.
It’s clear that if all your orders open and close in 3 seconds, you can forget about profit.
2. Account type - as it is not surprising, the speed of order execution also depends on which account you are trading on; the slowest on cent accounts is the fastest on an ECN account. It is the latest accounts that have the best trading conditions.
3. Trading time - orders can slow down during excessively high speed of price movement, and this happens with almost all brokers. So just don't enter the market when the news comes out. By following this rule, you will also get rid of requotes and slippage.
4. One-click trading is one of the most useful features used by scalpers; using this tool you can actually open and close positions with one click of the mouse. This technique is described in more detail in the article " One-click trading".
5. Pending order - you can simply wait for the price to reach a certain level in order to open a position, or you can simply place a pending order, its opening will happen faster than in manual mode.
There are no trifles in trading; completely uncomplicated techniques can save hundreds of dollars, so you should not lose sight of the slightest nuances of organizing the trading process.