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 - Surprisingly, order execution speed also depends on the account type you're trading on. Cent accounts are slowest, while ECN accounts are fastest. The latter accounts offer the best trading conditions.
3. Trading time – orders can be delayed during extremely fast price movements, which happens with almost all brokers. Therefore, simply avoid entering the market during news releases. Following this rule will also prevent requotes and slippage.
4. One-click trading is one of the most useful features scalpers use. Using this tool, you can truly open and close positions with a single click. 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 to open a position, or you can simply place a pending order; it will open faster than in manual mode.
There are no trivial details in trading, and even the most simple techniques can save hundreds of dollars, so you shouldn't overlook even the smallest nuances of organizing the trading process.
