{"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":"Mastering Scalping with HFM: A Complete Guide from Prohibited Actions to Recommended Accounts and Winning Strategies - Money Charger (Overseas Forex Cashback Service)","type":"rich","width":600,"height":338,"html":"
Mastering Scalping with HFM: A Complete Guide from Prohibited Actions to Recommended Accounts and Winning Strategies
\n","description":"\"I want to start scalping with HFM, but can I really make money?\" \"Aren't the fees and spreads so high that I'll end up losing money?\" If you're taking up FX as a side hustle, do you have these kinds of anxieties? In fact, if you correctly understand how to choose an HFM account and trading methods, you can aim for profits efficiently with scalping even with limited time. This article will thoroughly explain scalping with HFM, from prohibited actions to practical winning strategies. ■What you will learn from reading this article By reading this article to the end, you will be able to safely and efficiently practice scalping with HFM and take the first step toward stabilizing your side income. For examples of HFM withdrawal refusals and reliability, please refer to HFM's reputation and reviews. Scalping is allowed at HFM Scalping trading is permitted at HFM, and there are no special restrictions. There does not seem to be any mention of prohibiting scalping on HFM's official website or in its terms of service. While many overseas FX brokers restrict scalping due to server load, HFM officially recognizes the scalping method, which involves making many trades in a short period of time. Furthermore, HFM also allows scalping using automated trading systems (EAs). Extremely short-term trades, such as second-by-second scalping, lasting from a few seconds to a few minutes, can be performed without problems. However, excessive trading that overloads the server or repeatedly trading solely to capitalize on rapid price fluctuations during economic indicator announcements may be considered a violation of the terms of service. Therefore, it is important to scalp within reasonable limits. Source: HFM Recommended Account Types for Scalping with HFM When scalping with HFM, the choice of account type significantly impacts profits. HFM offers multiple account types, each with different spreads and trading conditions. Choosing an account that comprehensively considers trading costs, capital requirements, and trading frequency is a crucial element for successful scalping. While all accounts support leverage up to 2,000x, spreads and commission structures differ, so it's necessary to determine the account best suited to your trading style. You can scroll horizontally Item Zero Account Pro Account Standard Account USD/JPY Spread 0.0 pips ~ 0.7 pips ~ 1.2 pips ~ Trading Commission $6 round trip/lot None None Effective Cost (USD/JPY) Approx. 0.6 pips Approx. 0.7 pips Approx. 1.2 pips Minimum Deposit None None None Bonus Eligible ×× ○ Recommended Capital 100,000 yen or more 50,000 yen or more 50,000 yen or less Trading Style Scalping Specialized Scalping + Day Trading Beginner/Small Amount Trading Basically, the \"Zero Account\" is recommended Source: HFM The Zero Account is the ideal account type for those who want to seriously engage in scalping. Spreads for major currency pairs and gold start from 0 pips, allowing you to significantly reduce costs in scalping, which involves frequent trading. However, it is important to note that a trading commission of $6 round trip per lot is incurred, so you need to calculate the overall trading cost. For example, in the case of USD/JPY, even with a spread of 0 pips, the effective cost including commissions is about 0.6 pips. Even so, the transaction costs are lower compared to other account types, which is a big advantage for scalping traders who make dozens of trades a day. Also, the Zero account has a high execution rate, so there is less slippage and accurate entry and exit are possible. The Zero account is highly recommended for those with capital of 100,000 yen or more, or those who want to make serious profits from scalping. If you are considering scalping + day trading, choose the \"Pro account\" Source: HFM The Pro account is a suitable account type for those who want to use not only scalping but also day trading and swing trading. Instead of transaction fees, it has a slightly wider spread than the Zero account, and is characterized by its flexibility to accommodate various trading styles. If the frequency of scalping trades is not that high, or if you want to adjust the holding period according to market conditions, the Pro account is the best choice. The USD/JPY spread of the Pro account is around 0.7 pips on average, which is not much different from the effective cost of the Zero account (0.6 pips). In particular, if the number of trades per day is 10 or less, the Pro account, which does not incur a fee burden, may be more advantageous. Furthermore, the variety of CFD instruments is extensive, covering a wide range of assets from stock indices and precious metals to energy commodities, offering flexibility to change trading targets depending on market conditions. Strategic use is possible, such as aiming for short-term profits with scalping while taking larger price movements with day trading during periods of clear trends. For part-time traders, this account type allows you to make the most of your limited time. For small amounts or those who prioritize bonuses, there is the \"Premium Account\" Source: HFM The Premium Account is recommended for those who want to start with a small amount of capital or take advantage of bonuses. It features easy cost calculation as there are no trading fees, and only the spread is the trading cost. In addition, it is often eligible for various bonus campaigns, allowing you to increase your margin and enhance the leverage effect. The USD/JPY spread for the Premium Account is around 1.2 pips on average, which is slightly wider than the Zero Account, but because there are no fees, the actual cost may be lower for small trades. It is especially recommended for beginners with a trading volume of 0.1 lots or less per trade, or for those who want to get a feel for scalping. Furthermore, by receiving a deposit bonus, you can effectively increase your margin, allowing you to gain scalping experience while minimizing risk. This is recommended for those with funds of 50,000 yen or less, or those who want to start trading using bonuses. Benefits of scalping with HFM: HFM offers a very attractive trading environment for scalping traders. It has all the necessary conditions for scalping, which aims for short-term profits, including high leverage, narrow spreads, and a zero-cut system that eliminates margin calls. In particular, it is a major feature for company employees who engage in FX as a side job, as it provides an environment where they can trade efficiently within their limited time. Also, because the stop-loss level is set low, it is possible to withstand unrealized losses while waiting for the market to recover. […]","thumbnail_width":1170,"thumbnail_height":1212}