How to scalp forex

  1. Open an account. A live account will automatically grant you access to a demo account first, where you can practise with £10,000 worth of virtual funds.
  2. Choose your forex pair. We offer over 330 currency pairs to trade on, which is the highest figure in the industry.
  3. Read about our trading costs. We offer competitive spreads and low margin rates on major, minor and exotic crosses.
  4. Decide if you want to buy or sell. Determine your entry and exit points depending on whether you think the price will rise or fall.
  5. Utilise stop-loss orders. Risk-management controls are an important part of trading, especially when practising a risky forex scalping strategy.

Automated forex scalping

Some platforms offer the opportunity for algorithmic trading that is very popular among forex scalpers, due to the rapid speed of trades. Automated trading means that the software will work autonomously to identify forex scalping signals, enter and exit a trade swiftly, all while keeping an eye on the price movements of your chosen currency pair. Our international hosted platform, MetaTrader 4, offers automated trading for forex traders. Learn more about MT4 or register for an MT4 account.

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