Scalping is a trading strategy that allows you to capitalize on minor price movements of just about any asset. This strategy can be extremely profitable if implemented the right way, but you need to learn to do it well first. Admiral Markets is a reputable broker that’s pretty popular among scalpers because of its attractive trading conditions and small spreads. In this article, we’re going to explain why Admiral Markets is so popular and how to which benefits the broker offers for scalpers.
Admiral Markets Overview
Admiral Markets is a popular international broker licensed by the Australian Securities and Investment Commission (ASIC). The broker is also regulated by FCA, and that makes it very trustworthy and safe for its clients. The company stores your funds in a way that prevents mixing them with its own money, and that means you can be sure your money won’t go missing. Admiral Markets has several awards for its outstanding brokerage services and is considered an overall reputable broker.
The broker offers favorable trading conditions both for scalpers and ordinary traders. The deposit limit is just $1, and the leverage can reach 1:500 for certain assets. Speaking of which, the broker features an impressive variety of available assets: currency pairs, stocks, futures, and some crypto. There are two types of accounts available: Trade accounts for common traders and Zero accounts with very low spreads which are considered the best Admiral Markets scalping option.
How scalping works
Basically, scalping requires real-time technical analysis to help you spot the best opportunities on the market. You can get signals by analyzing indicators all by yourself or receive them from a specialized source like a Facebook group or a Telegram chat. Anyway, you get a signal, open a position, wait for several minutes, and then close your position, hopefully earning several pips. You have to repeat that many times a day to be really profitable, but the basic mechanism looks like that.
Most scalpers hold their positions open for up to 15 minutes. However, novice traders often start with the one-minute strategy because it’s simpler to control your position this way. Admiral Markets is very efficient when it comes to order execution speed, but you should be aware of the commission: every trade is charged with $3 per lot plus spread costs. However, this fee is relatively low when compared to other brokers.
