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  
Rally Trade contest interview

Today our regular interview round-up is dedicated to the...

Grand Capital at iFX Expo International

Grand Capital for the third time took part in a major financial industry exhibition iFX Expo, which is annually held in Cyprus...

Drag Trade contest winners

The seventh interview round-up is completely dedicated to our Drag Trade contest. Four recent winners told us how they had come to...


Meet Grand Capital at iFX Expo International

On the 24-25 of May, Grand Capital is exhibiting at the iFX Expo International, a major financial industry event...

Best trading platform award

Grand Capital has won the «Best trading platform» nomination, based on the online vote held by FxDailyinfo...

Best Forex Broker in Africa 2017 award

«Africa Financial Expo 2017», that took place in Johannesburg (South Africa), hosted an award...


Contest is a good way to master strategy

The sixth interview round-up features the winner of Rally Trade...

Trading is hard work and freedom

In the fifth round-up the winners discuss the essence of trading. They often agree in their views on it. The ideas that trading is freedom...

Winners of the Image of an Ideal trader photo contest

In the beginning of February we launched a photo contest on our official Facebook page. For the past three weeks our Facebook fans had been sharing their perspective...

  


Share: