Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

Best Scalping Forex Brokers

Scalping Forex brokersScalping is an interesting and simple trading strategy, which is used by a lot of traders in Forex brokers, but far not all brokerage companies allow it. Forex scalping is a form of trading that is normally used by traders to buy and sell currency pairs where the trader gets to hold the currency for a while waiting for it to accumulate in profit. The scalper then proceeds to make the maximum number of trades while earning a small profit for each trade at a time. Since the scalper is targeting small amounts of profit from several trades, they may hold on to the trades for moments as brief as seconds.

Mostly, forex scalping involves leverages of large sums and this means that any small change in currency rates translates to a substantial amount of profit. To allow you using the best ForexBrokers for Scalping in your work, TopBrokers.com has prepared this list for you. It includes the most proven and reliable Scalping Forex brokers for trading.

  • Key information
  • Trading
  • Payment systems
  • Trading platforms
  • Trading instruments
  • Support
  • Trading accounts
  • Account settings
  • Spreads
  • Promotion
Filter
Company#LogoForex brokerFoundedRegulatedReviewsPayment systemsBroker type(?)Min. DepositMax.
leverage
Live spread
Interval:
Live
spread
EUR/USD
Live spread
Interval:
Live
spread
GBP/USD
Live spread
Interval:
Live
spread
USD/CHF
Live spread
Interval:
Live
spread
USD/CAD
Live spread
Interval:
Live
spread
USD/JPY
Live spread
Interval:
Live
spread
AUD/USD
Live spread
Interval:
Live
spread
NZD/USD
Live spread
Interval:
Live
spread
EUR/AUD
Live spread
Interval:
Live
spread
EUR/CAD
Live spread
Interval:
Live
spread
EUR/CHF
Accepting US traders?Account
1RoboForexbest broker2009
IFSC
22

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
  • MM
0 $1:2000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
2XM.COM2009
ASIC, IFSC

Regulated

79

Payment systems

MM
5 $1:30N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
3EXNESS2008
FCA, CySEC
95

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
  • MM
0 $1:2000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
4FxPro2006
FCA, CySEC

Regulated

182

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
5IC Markets2007
ASIC
30

Payment systems

NDD, ECN
0 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
6Alpari1998
IFSC, NAFD
41

Payment systems

ECN
0 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
7Forex.com2001
FCA, CFTC

Regulated

47

Payment systems

ECN, MM
100 $1:50N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1
8Just2Trade2006
CySEC
57

Payment systems

ECN, STP
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
9AMarkets2007
FSA
83

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
100 $1:3000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
10LiteFinance2005-43

Payment systems

ECN
50 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
11FXPRIMUS2009
CySEC, VFSC
11

Payment systems

STP
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
12Vantage FX2009
ASIC
18

Payment systems

ECN
200 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
13XTB.com2002
FCA, CNMV
5

Payment systems

NDD, STP
250 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
14EasyMarkets2001
ASIC, CySEC
13

Payment systems

MM
100 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
15RoboMarkets2012
CySEC
46

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
  • MM
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
16Admiral Markets2001
FCA, CNMV
25

Payment systems

NDD, ECN
0 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
17FXOpen2005
ASIC, FCA
108

Payment systems

ECN, STP

Broker type

  • ECN
  • STP
  • MM
1 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
18AXITrader2007
ASIC, FCA
12

Payment systems

NDD
0 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
19Instaforex2007
RAUFR
97

Payment systems

NDD, ECN
1 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
20Yadix.com2010
FSC
65

Payment systems

ECN, STP
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
21NordFX2008
SEBI, VFSC
102

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
0 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
22Hantec Markets2009
FCA
15

Payment systems

NDD
1000 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
23Forex4you2007
FSC
33

Payment systems

NDD, STP
20 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
24IFC Markets2006
FSC, CySEC
40

Payment systems

STP
0 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
25AVATrade2006
ASIC, CBI
64

Payment systems

NDD
100 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
26Dukascopy Bank SA1998
FINMA
15

Payment systems

ECN
1000 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
27LMFX2015-25

Payment systems

NDD
50 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
28FxGrow2008
CySEC
5

Payment systems

ECN, STP
100 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
29FxGlory2012-18

Payment systems

NDD, MM
1 $1:3000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
30Fort Financial Service2010
IFSC
3

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
5 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
31Interactive Brokers1977
FCA, CFTC

Regulated

11

Payment systems

MM
10000 $1:40N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1
32Tickmill2014
FCA, SIBA
10

Payment systems

NDD
25 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
33HotForex2010
CySEC, FSC
91

Payment systems

NDD
5 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
34FXCM1999
ASIC, FCA
20

Payment systems

NDD
0 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
35FIBO Group1998
FSC, CNMV
37

Payment systems

NDD, MM
0 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
36OANDA1996
ASIC, FCA
21
-0 $1:50N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1
37FP Markets2005
ASIC, CySEC
19

Payment systems

DMA
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
38FXDD2002
MFSA
8

Payment systems

NDD, ECN
250 $1:50N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
39Markets.com2006
CySEC
13

Payment systems

NDD
100 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
40Fortrade2013
FCA, FSCS

Regulated

23

Payment systems

-100 $1:30N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
41AAFX Trading2014
ASIC, FSA
231

Payment systems

NDD, ECN
100 $1:2000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
42GrandCapital2006-16

Payment systems

STP
10 $1:2000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
43BCS Forex2006
FSA
16

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
  • MM
1 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
44FreshForex2004
KROUFR
83

Payment systems

NDD, MM
0 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
45IG1974
ASIC, FCA
15

Payment systems

DMA, MM
0 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1
46FinmaxFX2017
CROFR, VFSC
21

Payment systems

MM
250 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
47Alfa-Forex2016
CBR
16

Payment systems

NDD
0 $1:40N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
48NPBFX1996
IFSC
24

Payment systems

NDD, STP
10 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
49Saxo Bank199224

Payment systems

ECN, STP
10000 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1
50Swiss Markets2012
CySEC
3

Payment systems

STP
200 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
51BMFN1988
ASIC, FCA
12

Payment systems

NDD, DMA
0 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
52ForexChief2014
VFSC
124

Payment systems

ECN, STP
1 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
53Octa FX2011
FCA, FSA
29

Payment systems

ECN
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
54ICM Capital2009
FCA
4

Payment systems

-200 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
55PhillipCapital UK1975
ASIC, FCA
7
NDD
200 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
56Finam Forex1994
CBR, NAFD

Regulated

4

Payment systems

NDD, DMA
0 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
57FxGiants2015
FCA
41

Payment systems

ECN, STP

Broker type

  • ECN
  • STP
  • MM
50 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
58GO Markets2006
ASIC
14

Payment systems

NDD
200 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
59Forex.ee2004
FSA
8

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
10 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
60City Index2001
ASIC, FCA
15

Payment systems

NDD, ECN
250 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
61ICE FX2015-8

Payment systems

STP
30 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
62TrioMarkets2014
CySEC
9

Payment systems

ECN, STP
500 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
63iOCBCfx2004
MAS
8
NDD
1000 $1:35N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
64UOB Kay Hian2000
MAS
7
NDD
0 $1:50N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
65KE Forex1972
MAS
9
NDD
0 $1:50N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
66City Index Singapore2006
MAS
3
MM
100 $1:50N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
67Haitong2010
MAS
9
NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
0 $1:50N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
68FXCitizen2010
VFSC
11

Payment systems

NDD, ECN
10 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
69Land FX2013
FCA, FSCS

Regulated

11

Payment systems

NDD, ECN
300 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
70Pepperstone2010
ASIC
13

Payment systems

ECN
200 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
71Ak Investment1996
SPK
12
NDD, DMA

Broker type

  • NDD
  • DMA
  • MM
1000 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
72InvestAZ2010
FSP, SPK
8
ECN
100 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
73Abshire-Smith2011
FCA, FSCS
10

Payment systems

STP, DMA
500 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
74ArgusFX2000
CySEC
10

Payment systems

STP
0 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
75Ayondo2008
FCA, BaFin
9

Payment systems

NDD
100 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
76Bacera2009
ASIC
11

Payment systems

MM
0 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
77BogoFinance2006
CySEC
11

Payment systems

NDD
100 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
78Capital.com2016
ASIC, FCA
119

Payment systems

MM
20 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
79Capital Index2014
FCA, CySEC

Regulated

3

Payment systems

NDD, STP
100 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
80Core Liquidity Markets2012
ASIC, FSA
10

Payment systems

NDD
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
81Darwinex2012
FCA
10

Payment systems

STP, DMA
500 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
82CMG2015
ASIC
19

Payment systems

-250 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
83Colmex Pro2010
CySEC
14
NDD, ECN
2000 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
84eTrader2014
CySEC
11
NDD
100 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
85Flatex1999
BaFin
9
NDD, MM
0 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
86Fullerton Markets2015
FSP
16

Payment systems

ECN, STP
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
87FX882016
CySEC
2

Payment systems

ECN
100 $1:50N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
88FXCC-
FCA, CySEC
163

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
100 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
89FX Choice2010
IFSC
6

Payment systems

NDD
100 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
90GMG Markets2015
FCA
2
NDD, STP
200 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
91HMS Markets1972-3
NDD
1000 $1:40N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
92Infinox Capital2009
FCA
10

Payment systems

ECN, STP
100 $1:30N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
93iTrader2012
IFSC
4

Payment systems

NDD
250 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
94Mex Exchange2012
ASIC
3

Payment systems

NDD, ECN
200 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
95FXPCM2007
FSC, DFSA

Regulated

2

Payment systems

NDD, ECN
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
96Rakuten Securities Hong Kong2002
SFC
2
NDD, STP
0 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
97RietumuFX1992
FCMC
9
NDD
1000 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
98TFI Markets1999
CySEC
3
NDD
50 $1:30N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
99Tradealot2010
FCA
8

Payment systems

STP
2000 $1:30N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
100AMP Global2018
CySEC, CFTC

Regulated

7

Payment systems

STP
100 $1:30N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
101Ingot Brokers2004
ASIC
8
ECN
100 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
102Alvexo2014
CySEC, SIBA
10

Payment systems

ECN
0 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
103AETOS2007
ASIC
6

Payment systems

NDD
250 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
104Arum Capital2017
CySEC
5

Payment systems

ECN, STP
0 $1:30N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
105ATFX2015
FCA
17

Payment systems

NDD
0 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
106Key to Markets2010
FCA, FSP

Regulated

6

Payment systems

ECN
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
107Trading.com2018
FCA
3

Payment systems

ECN
5 $1:30N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
108ATC Brokers2005-3
ECN
2000 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
109IQ Option2013
FSA
11

Payment systems

NDD
10 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
110Milton Prime2015
CySEC, SIBA
1

Payment systems

NDD
0 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0


0.00
Was the information useful for you?
5 (2)

We will help you make the right choice with Scalping Forex Brokers

Forex Scalping

Basically, scalping on a short-term basis entails making tens, hundreds or even thousands of trades every day while attempting to scalp tiny profits per trade by utilizing the bid-ask spread. Scalping is effective because the volatility of currency pairs varies with time. What scalpers do in order to generate profits from non-moving pairs is usually to sell them for a profit when they fluctuate in a positive direction. By doing this, the tiny profits add up and eventually accumulate.

There exist both manual and automated system strategies in Forex scalping. In a Manual scalping strategy, a trader has to always be on standby at the computer screen looking out for signals and determine the right trade to make usually whether it is ripe to buy or sell. Automated scalping, on the other hand, is whereby the trader programs software on what signals to look out for and what interpretations to deduce from them.

Over the years, automated scalping has become prevalent because of the rapid growth and development of technology. Today it is preferred by many traders because it is seen as a preferable alternative to involving human psychology in the torturous environment of trading which gives traders a hard time. Manual forex scalping done by individuals has significantly reduced as quant traders have innovated systems which can do thousands of trades every single day, this explains why the era of manual scalping has come to an end.

Forex scalping is a very lucrative especially during periods when the market is highly volatile and when there are special moves. Due to the popularity of scalping, there are usually periodical data releases, for example, the U.S. employment report and Federal Reserve meetings.

There are risks involved in scalping if a trader enters a position where they cannot exit they can be left vulnerable and lose a lot of profits even the principle of their investment. Any experienced scalper can attest to the fact that rushing to scalp after news-breaks, or when the market is experiencing high volatility is similar to collecting coins on a railroad for a living. A determined collector can create a sizable income from this exercise with persistence and patience and takes reasonable risks which could turn out to be very costly if not insulated against. The risk obviously is being run over by the approaching train of market shock and losing all profits or even hope of making them in future. Whether it is a valid negotiation or a compromise depends on the trader’s personality and approach to life generally. The downside is that a scalper cannot utilize “idle volatility”, or the directionless fluctuations commonly found in ranging markets. Since the market is strongly directional, he must find a way of identifying the trend and exploiting it with several small-sized orders

What Markets Favor the scalping Strategy

What is Scalping

Most traders who use the scalping strategy prefer strongly trending forex markets. The rationale behind this approach is that scalpers thrive in volatile markets, markets with high trends cause a lot of volatility creating several trading opportunities. One must keep in mind the fact that while scalping, any little misplaced or miscalculated trade could easily wipe out the gains of tens of successful trades. Above all, a scalper must be consistent more than anything else. Besides discipline in determining trades, when to take profit and stop losses, and also they must be skeptical towards opportunities that arise, all these are important components to consider for one to succeed in this trading strategy. One must ponder on which kind of markets can these strategies be employed in best. The question is whether scalpers would thrive in strongly trending and volatile markets, or relaxed markets where activity is subdued and volatility is low? Obviously, the best conditions would be found in the relaxed market. Here’s why the calm market allows traders to exploit small fluctuations over a period of time with fewer risks and handsome profits. On the other hand, trending markets shift suddenly with ever expanding and contracting spreads, this means exiting a position before it attains full potential can be risky also staying calm and composed is not that easy.

There are several articles online which suggest that scalping is best in strongly trending, liquid, volatile markets, and it is unbelievable that so many traders believe these lies. This attitude can be attributed to the fact that traders who write the articles lack enough experience in scalping or maybe they used the strategy on a trend following scheme. Following the trend is not very useful for novices because they tend to choose the scalping style to make quick profits without having enough information or analysis on how it works.

Advantages of Scalping in Forex Trading with a Scalping Forex company

The main advantage of scalping is that the trade is less susceptible to risk this is because it has less time in one position to be affected since it is easier-to-obtain moves and more opportunities to realize tiny profits. There really are no perfect strategies in trading, most forex trading platforms prohibit scalping and will levy a fee for making above ten trades per day. For this reason, a trader must confirm whether scalping is allowed on the particular platform they’re using.

In scalping in order to realize a maximum profit in the short-term, a substantial amount of capital must be invented. Leverage is necessary to increase profits from even very small price moves. It is crucial to have a strategy of exit in place before proceeding to scalp, this is because it only needs one large loss to eliminate the whole day’s profits. By utilizing a one minute chart a trader can have a better idea of what are the right trades to make and those to avoid.

The biggest advantage that comes with Forex scalping is that the trader can make more money in the shortest time if the trades are successful. A good illustration is if a scalper uses 1 Standard Lot in trading aiming to make 20 trades a day gaining profits of 3 pips for each trade could accumulate $600 a day, or $12,000 a month. If a trader is successful with his scalping strategy then that’s a very good run. There are traders who have multiplied amounts as low as $300 to $32,000 in scalping. However, certain traders are satisfied with “a bird in hand” closing out profits made in minutes, by using large trade volumes and targeting tiny pip profits. Other traders are however nervous and can’t stand the long wait. For one to be successful in scalping they should know when to trade and when not to for better results

Disadvantages of the Scalping Strategy with a Forex broker

It requires high emotional intelligence to make successful trading decisions. For an amateur trader, scalping definitely is not the best trading style. It demands constant presence, concentration and strict observance of its principles. Given that trades are small in size and quick means that the trader must be very methodical about trade sizes.  Trading irregularly makes it difficult to determine the performance of an account and makes it hard to achieve a smooth, regularly rising trading account. A real scalper does not fear the emotional issue, unlike the case with many other types of trading. Because the risk involved per trade is very small, and it is possible to exit a position without much difficulty, the chances of the account being wiped out are significantly after a single trade are low. One of the greatest challenges faced by scalpers is overtrading and agitation.

Scalping is very slow and requires plenty of patience. The trader is required to open many positions in the course of an hour of any given day. Many times the slow accumulation of profits can frustrate a trader. The trader can easily be disillusioned and regret spending much time trying to gain profits from negligible price fluctuations. It may appear as though much effort is being put in yet bearing little fruit. This among other factors may lead to disappointment and cause the trader to be in an agitated state of mind. This is the most dangerous state of mind for any scalper to be in. He must be able to click the right buttons, enter the correct prices, and place the proper decisions throughout the several trading hours of the day. Being uneasy and nervous makes a trader commit blunders that are too costly. Nervousness makes a scalper feel like he’s fighting the markets leading to many unjustified and harmful trading decisions.

A scalper must know the right time to stop and yet if they’re nervous they’ll be unable to decide at the right time. Going on a spree with the belief that the next trade will be the successful one because ‘luck’ can’t go wrong so often” may quickly bankrupt the trader and it is very dangerous with the scalping technique. It is wise to halt scalping activity as a trader if one feels that the emotional burden of it is too much for them at any given moment. One mustn't fight in the market but rather suspend trading for a little while. This compared to losing your wits trying to profit by battling the market is much better than trying to improve by worsening your situation.

What Are The Different Types of Scalping?

The scalping system has been categorized into three different styles which are:

Market Making

This type of scalping is where a trader or an algorithmic / market making machine tries to capitalize on the spreads by buys lower (creating bid prices) and sells higher (creating ask prices). This strategy is only available for large-scale retail traders.

Manual Buy & Sell FX Trading

This is the traditional style of buy and sell where the trader purchases huge quantities of currencies which he proceeds to sell for gain on the small price movement.Usually, the trader enters a large volume position and waits for a change in the move. Manual buy and sell require high liquidity in order to be able to quickly enter and leave the market with ease.

Automated FX Trading

This third style is based on using forex algorithms and high-frequency trading systems or scalping expert advisors. Today it is possible to code an automated trading strategy (expert advisor) as they are called in the MetaTrader  4 platform. By using the MQL language (which is the programming language of the MetaTrader 4 trading platform. However, when using more advanced trading platforms, higher coding skills are required. This especially in case one wants to create forex algorithms of high-frequency trading systems.

Scalping techniques have gained popularity in the forex trading world and there are several traders who are employing this strategy and making neat profits. Having considered the pros and cons attributed to it any trader looking to make some profits should try it out well aware of the risks involved. The forex business is all about knowing when to and when not to risk.