Scalp trading is a type of trading strategy. Scalping involves taking advantage of very small price movements of a security – even as low as 3 pips. Scalpers will choose trading instruments that have high liquidity and volatility and are easy to buy and sell quickly. They will also prefer to use raw spread accounts along with high execution speeds (to avoid slippage). Scalping has a low barrier to entry and requires less market knowledge, making it the preferred strategy by some beginners in Singapore.
We recommend trying scalping with a demo account first.