Scalping is the safest strategy

26 September, 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. 


Source link  
Interview with contest winners

The winner of the 392nd round of Drag Trade lives in India, works as a mechatronics engineer and has been trading on financial markets for about five years...

Money Fair expo in Shanghai

Grand Capital will participate in Money Fair expo in Shanghai from the 1st to the 3rd of December. Money Fair is the largest financial expo...

Finance Magnates London Summit

On the 15th of November, Grand Capital CEO Stanislav Vaneev, together with UpTrader, a software provider and our partner, will participate...


Interview with contest winners

Meet two winners of Rally Trade and one winner of Micro Trade in our new interview round-up. We think it’s very reasonable to learn from others...

Everything depends only on you

Among the recent contest winners are a water supply company employee, yoga teacher and a future Master of Laws in Taxation. The common theme...

Best ECN broker 2017 award

Grand Capital participated in Investment and Finance Expo, one of China's largest financial expos that took place in Guangzhou. During the expo award ceremony..


Interview with contest winners

In our new interview roundup we present the winner of the anniversary 200th round of Rally Trade, the winner of 55th round of Future Trade...

Interview with contest winners

In our new interview roundup we introduce the winner of Rally Trade who set a goal for himself a year and a half ago to win this contest...

Expos in Xi'an and Guangzhou

This September Grand Capital will take part in two financial industry events in China. We invite partners, investors, and clients to visit financial expos...

  


Share: