Good night, and good luck.
min. hold time
i m newbie and want to know what is min. time to hold a trade so that it is not considered as illegal or against the rules. in simple after how much time i m allowed to close a trade?
Denis Peganov, FXOpen Development Director
Originally Posted by harbir
Talking about ECN account, there are no restrictions, you can oopen/close straight away.
Talking about Standard accounts there are few limitations, I am not sure, but we are talking about seconds and to know more detailed information you can write to email@example.com .
In a true ECN enviroment there are no any limitations for the lenght of the deal. Anyone with such 2 minutes limitations can not be ECN-broker.
Look at it as "Scalping":
Forex Scalping can also be called quick trading. It's a method where traders allow their positions to last only for a matter of seconds, to a full minute and rarely longer than that.
FXOpen rules on scalping:
1) Stop Loss, Take Profit and Pending Orders 10 pips or more away from the current price;
2) Most of the trades must be open for more than 1 minute;
So the above "limitations" imposed by FXOpen would suggest FXOpen is not a scalping broker.
Therefore the answer to your question is at least one minute each trade.
thanks for a clear answer
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