{"version":"1.0","provider_name":"For overseas forex cashback services, try Money Charger","provider_url":"https://money-charger.com/en/","author_name":"admin","author_url":"https://money-charger.com/en/author/admin/","title":"A Complete Guide to Scalping on FXGT | Thorough Explanation of Risks and Disadvantages - Money Charger (Overseas FX Cashback Service)","type":"rich","width":600,"height":338,"html":"A Complete Guide to Scalping on FXGT: Including a Thorough Explanation of Risks and Disadvantages
\n","description":"Scalping is a trading method that involves repeatedly buying and selling within short periods of time, ranging from a few seconds to a few minutes, to accumulate small profits. While it may seem unexciting because it doesn't aim for large profits in a single trade, it allows for stable returns by increasing the number of trades. Although not all FX brokers recommend scalping, FXGT allows it. This article explains the advantages, disadvantages, and risks of scalping at FXGT in an easy-to-understand way for beginners. We will also explain important points and prohibited actions regarding scalping at FXGT, so please refer to this information. What is Scalping? Scalping is a short-term trading method that involves accumulating small profits over short periods of time, ranging from a few seconds to a few minutes. When trading using the scalping method, traders may make dozens or even hundreds of trades in a single day. Even though the profit from a single trade is small, the goal is to accumulate substantial profits by making many trades. Scalping requires high concentration and quick decision-making to capture small price movements in the market. Mastering this technique allows you to aim for stable profits while minimizing market fluctuation risk. Another advantage is that the shorter trading time reduces mental stress. FXGT has no restrictions on scalping. FXGT does not impose any special restrictions on scalping trading. This is an important point for scalping traders who make many trades in a short period. Some overseas FX brokers prohibit or severely restrict scalping. However, FXGT has no restrictions, allowing you to focus on scalping trading with peace of mind. Furthermore, scalping using EAs (Expert Advisors) is also permitted, making FXGT recommended for those considering high-speed trading using programs. However, conditions are not the same for all account types, so it is important to check the specifications for each account type, such as stop levels, in advance. Advantages of using scalping with FXGT The main advantages of using scalping with FXGT are the following six: Understanding these advantages will allow you to utilize them for scalping with FXGT. Bonus availability The first advantage is the availability of bonuses. FXGT offers a variety of bonus campaigns, including account opening bonuses and deposit bonuses, as detailed below. Campaign Bonus Details Eligible Account Type Account Opening Bonus 10,000 yen Optimus Account First Deposit Bonus 100% of deposit amount (maximum 50,000 yen) Standard+ Account Mini Account CryptoMax Account Loyalty Bonus 25% of deposit amount (maximum 700,000 yen) Standard+ Account Mini Account CryptoMax Account The above bonuses are useful for scalping trading. For example, using a deposit bonus allows you to trade with more margin than your own capital. This allows you to enter trades with larger lots or manage your positions with more leeway. Many overseas FX brokers may have restrictions on using scalping and bonuses together, but this is not a problem with FXGT. Less susceptible to market fluctuations The second advantage is that it is less susceptible to market fluctuations. Scalping trades are completed in a short period of time, from a few seconds to a few minutes, so the impact of sudden market fluctuations is minimized. Unlike methods that involve holding positions for extended periods, this offers the advantage of avoiding the risk of unexpected large price fluctuations caused by sudden news or economic indicator announcements. With a stable trading environment like FXGT, it is easier to accurately capture small price movements, making it possible to bring out the advantages of scalping. The third advantage is the abundance of low-spread accounts. FXGT offers several low-spread account types that are ideal for scalping, as follows: Account Type Standard+ Account PRO Account ECN Zero Account Minimum Spread 1.0 pips ~ 0.5 pips ~ 0.0 pips ~ Trading Commission None None Available (Round trip $6/lot) The ECN Zero account, in particular, allows trading with narrow spreads. In scalping, small profits are accumulated, so the spread (trading cost) directly impacts profits. The narrower the spread, the more advantageous the trader's trading becomes. Therefore, the wide range of account types offered by FXGT is a major attraction for scalping traders who want to pursue profits efficiently while keeping costs down. The fourth advantage is that you can trade without worrying about swap points. Swap points are interest rate adjustments incurred when a position is carried over to the next day. In scalping, positions are held for only a few minutes at most, so swap points are almost never incurred. Therefore, you can avoid the risk of losses due to swaps that can occur when holding a position overnight. This is a significant advantage, both mentally and financially, when trading currency pairs where negative swaps are likely to occur. The fifth advantage is that you can scalp using automated trading (EA)"}