Scalping is the safest strategy

September 26, 2016

We've heard many news from Turkey during the past summer, including many political events wich had negative effects on markets: Turkish lira fell, along with Turkish stock market. The winner of tour 333 of Drag Trade contest - a student from Turkey, despite a busy schedule, took some time to tell us why he prefers international brokers to local ones.  

Trading as science

I am a student of Ege University. For me, trading is more of a hobby which sometimes results in additional income. However, I always try to find enough time to educate myself. Unfortunately, I couldn't find fellow traders among my friends, so I have to do it on my own. I watch educating videos, participate in webinars, read books on Forex, study analytics. In other words, I use any chance I have to learn more about trading. I used the very same approach in the contest.

I chose Grand Capital as it is one of the biggest brokers

My top-5 favorite currencies are: EURUSD, GBPUSD, USDCAD, XAUUSD, and USDTRY. As per strategies, I am quite loyal to scalping as it is comparatively safe and gives you some space for maneuvers. I intentionally choose foreign brokers. The thing is that Turkish brokers don't yet offer as many services and opportunities as international companies. For example, the highest leverage here is 1:25. In Grand Capital I’ve used 1:500 (editor's note - for a Standard account the maximum leverage is 1:2000). I chose Grand Capital because it is one of the biggest brokers. That was also the reason for my participation in Drag Trade contest. As per the things I would change - I would really like to see Turkish language support. 

Publication source
Grand Capital information  Grand Capital reviews

October 18, 2016
Trading with the others ideas means don't have your own ones
It is often thought that it’s better to invent something new and unique than to borrow ideas. But usually such claims are only good in theory, but in practice something conventional turns out to be way more effective and reliable...
October 6, 2016
One Million Forex World Championship. Join Round 5
Round 5 of XM’s One Million Forex World Championship has begun today. All our clients who wish to join the biggest forex contest ever still have the chance to register for round 5 until 19 October 2016 and qualify among the strongest contenders...
September 26, 2016
Anyone can earn on Forex
A life of a trader is always a series of ups and downs which change as fast as asset quotes. Vitaly Durgaev, the winner of round 176 of Rally Trade contest told us why he loves trading and what it takes to become a professional trader...

FXTM Rating Rating
Orbex Rating
FXCM Rating
HYCM Rating
FBS Rating

24option Rating
EZTrader Rating
365BinaryOption Rating
OptionFair Rating
Banc De Binary Rating
TopOption Rating