The foreign exchange market is a volatile one. No different from a body of water, it tosses and turns. Individuals braving themselves aboard the dinghies of forex scalping sit tight and hold on for the ride of their lives as waves peak and crash, with currents churning beneath. Although roller coaster rides impart a similar adrenaline rush, it tends to plateau as experienced riders foresee the same climbs, dips and curls. Since the market never promises the same picture at all times, the excitement is sufficient to keep novices and old hands coming back for more.
So, what is the thrill about? Perhaps the possibility and ability to get a slice of the financial pie is keeping many fingers in it. Before anyone starts building castles in the sky, it is best to have both feet on solid ground with one’s head square on his shoulders. Forex scalping is a form of trading conducted within the foreign exchange market. Since trading constitutes the buying and selling of a good or service, this activity revolves around currency given its market focus. As it is not much of a point or fun to trade in a single currency, the market brings together moneys from all nations. Akin to a giant candy shop, there is bound to be some which are best sellers whereas others sit in quiet ignorance, collecting dust and watching their counterparts change hands.
Drilling further into the term of scalping, it implies a close shave. Any barber worth his razor shears hair off a head or face by running his cutting implement as close as possible to the surface. Great care is taken to not nick the skin as drawing blood is a sure thing to dissuade returning customers. Forex scalping probably works on the same basis of cutting real close, taking quick and short movements to achieve its objective. Those in this business do not plan to stick around for desserts as their focus is on swift and small returns carried out over and over again.