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Knowledge base: ECN
Scalping, Hedging, Phone Dealing
Posted by on 29 January 2014 03:36 PM

ECN accounts allow scalping without limitations. Your trades may stay open for several seconds only and you can place Stop Loss, Take Profit and Stop and Limit Orders within the spread (1 or 2 pips away from the current market price).

Hedging in ECN accounts is allowed. Hedging ― a position or combination of positions that reduces the risk of your primary position. This means you may open a BUY and a SELL trade on the same currency pair with the same volume at the same time.

Phone dealing is available in ECN accounts. This service can apply in emergency cases, you can ask the broker to close an open position if the trading platform is not available at that moment. Learn more about etiquette for trading operations via telephone.

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