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When tackling the financial markets with any scalping trading strategies, make sure to also scan the charts for the following six aspects:

1) Current and expected price volatility

2) Current spread

3) Range or trend (plus direction)

4) Key support and resistance levels

5) Other time frames for key levels

6) Economic calendar for data, news, and press conferences

Scalping tool: 1-Click Trading

Technological resources can also enhance your trading. To expedite your order placement, you can use the 1-click trading tool available with MetaTrader 4 (MT4) or MetaTrader 5 (MT5).

Scalping technique: Comparing time frames

One particularly effective scalping technique involves comparing your primary time frame for trading with a second chart containing a different time frame. For example, if you use a 1-minute time frame to scalp currency pairs, you could then consult a 5-minute chart to check any signals that come up.

Scalping technique: News fades

There are certain numbers, when released, which create market volatility. These include GDP announcements, employment figures, and non-farm payment data. Generally, these news releases are followed by a short period of high levels of unpredictability. It is in these periods that some traders will move to make quick gains. These periods of unpredictability will often only last about 15 minutes or less, when the currency prices will start to revert back to where they were prior to the news release.

Scalping technique: Inside day breakout

Intraday patterns