What is scalping?

[DW]

I've read several accounts from forums, including this one were traders have had their accounts frozen, put on "Manual" (for fills), even closed, their money returned and kicked out of the brokerage for the crime of scalping. My question is, "what is wrong with doing it if you can make a profit?" After trading various markets for six years I have traded live with two different forex brokers so far and gone through countless free demo's with other brokerages. I can currently make a 20%-50% return per day staying in front of the screen for just a few hours trading a demo account with what I will call company X using technicals combined with scalping techniques. My problem now is finding a brokerage that will allow me to actually put this into practice with real money. Any suggestions from anyone? This is my first time in this forum. I would love to hear from some experienced forex traders and get their opinions. Perhaps I will start my own thread? Hope to hear from someone soon. DW

[Traded12]

I don't know about the rest of you but my strategy is simple. Make $500-$1000/day doing "day trading". That relates to $150K-$300K (top 11% in US) per year based on 300 trading days and taking into consideration my bad trades. If that $500-$1000 takes 2 minutes or 2 hours... so be it. You can't go broke taking a profit. Swing trading, to me anyway, leaves too much money on the table. Just make a couple of quality trades rather than a dozen marginal trades. Pick the entry points and exit (stop loss and take profit) before the trade is placed. I like O-a-n-d-a and it pays but also charges interest per minute along with the small pip spread. Their charts need improvement though. However, I am looking at IFX Markets Inc (cbfx).com. Anyone have any experience with them?fficeffice" />>>