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One term that "newbies" to the world of Forex will hear is "scalping." What is "scalping?" Scalping refers to the practice of opening and closing a position in seconds - or minutes at the longest.
If done right, scalping reduces exposure risk, even though it is done at higher rates of leverage.
Most brokerages do not like scalpers for a multitude of reasons - however, there are many of them and they do profit from this technique.
|Jennifer Mathes, Ph.D.|