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Re: What is scalping?
Don't get down about it, just beat them at it. Stay away from ultra short trades and set a goal for 5 or 10 pips a trade and never take their crazy 30 pip stops.
In most markets, it takes me about 20 minutes to realize a good 10 pip move, if the market is moving. In slow markets, I've went with two lots and waited 30 minutes just to get 3 pips. But at the end of the day, I get my 10 or 15 pips and no one can rightly accuse me of genuine scalping.
Then there's trading on the news. There's no way they have the personel to trade against their clients on a big news release; way too much data flowing. A $2000 account (USD) trading one lot on last month's non-farm payroll would have made the average house payment in profit on a 20 minute trade. Other news releases are similar though not always that big.
The opening of today's market will probably jump one way or another, too quickly to get traded against by your broker. That might be a scalp but once a week probably won't get you labeled.
And lastly, stay with the larger brokers, based in America. They have the most to lose. Too many Elliot Spitzers running around who want to be Gov/Prez. If someone like Spitzer found out Fx brokers were actively trading against their clients, whom they trained to trade as such, it would be great political fodder.
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