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Forex Scalping is a strategy used by trader where they enter the market in a short time, under two minutes. The purpase of this strategy is to make small profit with very limited risk. They can profit from 2-3 pip move.

Scalpers use all sorts of platforms to scalp currencies. One of the most common is MetaTrader 4 (MT4). Many scalpers create forex robots or trading algorithms that are fully or partially automated, increasing execution efficiency and available trading opportunities.

Here are some strategy on forex scalping:

Source : Forex Trading Advice

I have just started trading forex using eToro. It is a great platform for beginner and professional.

If you’re new to forex, I think you’ll love eToro because,

• It’s Simple! The eToro forex platform is designed to make the online forex market understandable to traders on their first trade. You only need a $50 deposit to get started.
• It’s Visual! The eToro forex software displays your trades using dynamic visualizations, so you can literally watch your trades go.
• It’s Educational! Hone your forex trading craft by using our eToro’s online forex tutorials, trading guides and unlimited practice mode with live forex rates.

If you’re a forex trading expert, I think you’ll love eToro too because:

• It’s User-Friendly! The eToro platform has a remarkably intuitive interface that enables you to forget about fumbling with bulky forex software and focus exclusively on your trades.
• It’s Professional! The eToro forex software provides you with all the forex trading tools you need: online forex charts, graphs, financial updates, trading orders and leverages ranging from 1:10 to 1:400.
• It’s Reliable! eToro is operated by leading online forex brokers who make sure that your forex trades are executed with precision and offer low spreads – as low as 2 pips.
• eToro is also a Community! We also think that you’ll enjoy our various community features including public and private chats, a lively online forex forum, and our weekly prize bearing forex trading challenges.

Here are some tips for you:

• Go start with virtual trading with $50 stop loss at -12.5% and take profit at 25%. This is rule no 1. Visit my blog often because I will update it with my trading strategy and result.

Here’s my last 8 trading:

Click to enlarge

As you can see from last eight trading, I profit 5 times and loss times. Forex is a game of statistic. You will not always win. You just need to profit more than you loss.

• Download eToro forex software for FREE and begin your trading activity today

• Practive Forex Trading

Here are some forex trading strategy (you can also use it for option) that can save your life:

• Set a Stop Loss: Before entering any trade, decide beforehand the amount you are willing to lose and stick to it, set a stop loss on the trade before you enter. I usually set maximum loss of 10%.
• Do not be emotional about a trade, you will lose some and win some – just know it.
• Stick to your game plan, move your stop loss as the market moves in your favor and let your profits run.
• Don’t be influenced: You have your own game plan stick to it
• Trading is a game of probabilities, and over the long run as long as you stick and implement sound strategies and stay consistent.
• Success is much more likely to come. To be a successful trader you should never take a position that puts substantial capital in jeopardy. In actuality you will rarely find successful traders who risk more than 10% of their account in any trade. You might want to start small and increase your trade sizes as your confidence grows.
• Know your risk vs. reward ratio: The minimum ratio you should be using is 2:1, so if you are successful on 50% of your trades you are doing well. For instance, if you are long GBP/USD and you want to earn 30 pips you should not risk more than 15 pips. You should never risk 30 pips in order to make 10 pips.
• Have adequate capital: You should never trade with money that you cannot afford to lose.
• Trending or Neutral: Learn to analyze the market; is it a trending market or a neutral market? In a trending market then follow the trend. in a neutral market buy on lows and sell on highs as long as you use stop-losses you are controlling your risk.
• Don’t fight the trend
• Averaging – don’t do it: One of the most common mistakes traders make is the continuing adding of a losing position. Averaging will be the death of short-term trades.
• Know why you are in the trade: Keep a trading log, and write down why you entered a trade.