you need some kinda risk management... that would leave you side open if price went against you and never returned.. If you are gonna scalp.. you will need a broker will the smallest spreads possible.
A BIG THANK YOU for ALL who responded and the warnings too......
i guess it's very very difficult to buy and sell at approx. same time as the pair will be moving all the time........silly me........
WAIT A MINUTE..........
what if i place buy and sell orders ( based on both Ask and Bid prices ) for multiple pairs at Friday's close so when Monday opens, a total of 4 orders will take profit for each pair ?
so just 5 pips movement above and below both Ask and Bid prices as the spread for Monday open will be very large.........
or is this an even crazier idea ???
Oh how I wish life would be that easy, really it sucks that it isn't.
Nothing is sure in this business. No guarantees.