Tuesday, September 18, 2007

What is Forex Scalping?

Scalping in Forex is a trading style. Forex scalping is all about opening and closing positions in seconds or minutes at most once the trade brought some profits, usually about 2 to 5 pips. As Forex market price never stands still, there are always a way to earn on those constant price fluctuations.

Scalping can be adopted as a primary or supplementary style of trading. While scalping traders try to take as many small profits as possible before these profits “evaporate” and then traders move onto opening new trading positions.

Scalping results can be achieved
only if a trader is ready to be constantly in trade and monitor all open positions closely. Scalping is indeed a hard work that involves a lot of concentration and fast decision making.

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