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Scalping is one of the quickest methods to earn profit and it is risky when trading without a good broker, I recommend using FP Markets or Skilling, their trading conditions are robust.
The commission cost per round lot is $7 in skilling and $6 for FP Markets with tight spreads and faster...
I've been trading for over a couple of years and from my experience with brokers such as Fx, Skiling, and FP Markets are few brokers I personally find good.
Spreads are tighter, averaging 0.3 in most trades, and commission costs are around $7 in skilling and FX and $6 per turn lot in FP Markets.
Every trader has their own profitable pairs. Some find EURUSD and some JPYUSD or exotic currency pairs.
There is no correct pair that suits all traders because the strategies are different and the trading methods vary.
I would suggest newbies avoid EA during the initial stages of trading because if newbies use an EA, they will not build new strategies or skills, which is important in forex.
I am aware that EA trading requires a higher balance, whereas manual does not have any such restrictions, but for a beginner, which one would be much suitable to avoid higher loss and risks?
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