Before you can start scalp trading, it’s important to go through the following steps:
- Learn how to trade – there are a variety of products available, including CFDs and options
- Explore the financial markets – choose which market to trade across stocks, forex, commodities, indices and more
- Open your trading platform – create a FOREX.com account, or log in if you’re already a customer
- Decide whether to buy or sell – use indicators and other drawing tools to choose whether the market will rise or fall, and take the corresponding position
- Manage your trade risks – set stops and limits to automate your entry and exit levels, ensuring your profit and risk targets are locked in
- Monitor and close your trade – keep an eye on any breaking news and events that could alter your positions success. Close your trade once it’s at an acceptable profit level, or your risk level has been met