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Scalping:
Scalping is a trading strategy where trader attempt to make small profits with small price fluctuations, the Scalper will place ten to hundreds trades in a single day because they believed that small moves are easier to trace than larger moves.

Momentum
This strategy usually involves Forex trading on news releases or finding strong trending moves supported by high volume. One type of momentum trader will buy on news releases and ride a trend until it exhibits signs of reversal.

Thanks Anne for defining Scalping and momentum. It is quite interesting to read them.

One thing is like to highlight in online forex scalping is that it is important to define from the outset if you'll be 'scalping' (trying to get a few points off the market) trading intra-day, or going longer term. This will also determine what chart period you're looking at. If you trade many times a day, there's no point basing your technical analysis on a daily graph, you'll probably want to analyse 30 minute or hour graphs. Additionally it is important to know the different time periods when various financial centers enter and exit the market as this creates more or less volatility and liquidity and can influence market movements.

cheers