Choose by Your Trading Style

The "best" firm for your friend may be the "worst" firm for you — because a firm's rules must fit each person's trading style.

Let's look at what kind of firm rules each trading style should look for.

If you are a scalper (short trades, holding a few minutes) Look for: - Fast execution, tight spreads — scalping profits a little per trade; a wide spread eats all the profit - No limit on the number of trades / no scalping ban — some firms have a minimum hold time rule (no holding too briefly) — scalpers must avoid these - Beware: a firm with a strict "consistency rule" may not suit you

If you are a day trader (open and close within the day) Look for: - Standard general rules work — a day trader fits most firms - Check that the Daily Loss limit suits the volatility you trade

If you are a swing trader (holding across days, across weeks) Look for: - Overnight holding allowed — very important, some firms forbid it - Weekend holding allowed — many swing traders must hold across the weekend - Beware: a firm that forbids overnight/weekend = a swing trader cannot trade at all

If you are a news trader (trading around the news) Look for: - News trading allowed — a great many firms forbid trading / holding a position during high-impact news - If a firm forbids news trading but you are a news trader = you have definitely chosen the wrong firm

If you use an EA / algo Look for: - EA / automated trading allowed — some firms forbid it, some allow only certain types - Read the rules on copy trading / HFT in detail

The golden rule — do not change your style for a firm, change the firm to fit your style

A beginner makes the mistake of "forcing himself to trade by the firm's rules" even though it clashes with the system he is good at · the result is worse trading, because he is trading in a way he is not good at.

The system you backtested + proved is the most valuable thing you have · find a firm that "allows you to trade that system" — do not bend the system to fit the firm.

Steps: write your trading style on paper (scalp/day/swing/news, do you use an EA, do you hold overnight) → then use that list as a filter to choose a firm.

> The right firm is not the most famous firm — it is the firm whose rules "allow you to trade in the way you are best at"

Next chapter — reading the hidden rules that make people choose wrong