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When the phrase forex scalping is used, it is referencing the act of trading on the foreign exchange market at such a quick pace that the trade usually is completed within a minute, often much less. It has been able to defy the odds of high risk through such means, and is quickly becoming the new method to "get rich quick" through proper use.

Trading on the foreign exchange market is simple. An investor will convert their money to one currency in hopes that it will become even more powerful over the original currency, and then trade back. This can be extremely risky, however, as market conditions tend to fluctuate without much meter. But through scalping, an investor can make large investments for lengths of time spanning seconds, or a minute at most. As soon as the currency raises even a little, they switch back with haste.

In automatic foreign exchange trading, a computer program will be doing most of the work for you. The right program would be able to see the correct market conditions, make a purchase, and know when to trade out of a buy-in to make the most profit in the least amount of time. The only problem with this is that the risks are just as great, and computers aren't always fool-proof.

Not everyone puts their faith into technology, and rightly so. A computer program may be accurate in predictions, but it may never achieve a 100% prediction rate through legal means. Thus, failure should be accepted with programs that do automatic foreign exchange trades. With manual scalping, the blame and lesson learned can be put on the investor, and not a computer program.

Another thing to look out for in buying automatic foreign exchange scalping software is scams or other shady schemes. Several great programs exist, but they cost money to use- so be prepared to shell out some money for them. But be very careful on where you buy from, as buying from the wrong seller could mean purchasing a shoddy program or putting too much faith into it and losing a large sum of money.

The best bet of the investor is to ask other investors, friends, or family members of their experiences with automatic and manual scraping software. If nothing else, buying the software and looking at its readouts and making an educated decision based on them is always a great way to get the best of both worlds.

Closing Comments

If you are new to the investment game, consider looking at some beginner's books before jumping to foreign exchange market trading. This is especially true with scalping, as this can be a very delicate process that can be both profitable and detrimental to one's success.