Forex Scalping - What to do and not to do

Forex Scalping is risky.What scalping does for me is to keep my mind in shape and help me remind of how important the psychological factor is when trading longer timeframes and bigger position sizes with, of course, other forex trading systems .Scalping doesn't earn a living. It just keeps me in shape :)Here are some tips if you just started scalping.Watch the chart as much as you can. Get used to how the market is moving. If you can, correlate market movements with the time of the day. Each trading session move the prices in a different way. Find the best time interval for you and start knowing it. Start feeling the Forex market. You can do this, really.Always check the bigger time frames before opening any position. Find out what the big trend is and trade it. Find out where support and resistance lines are. Be aware of them - they might help you or they might be your enemy, depends only on how well you use them. Draw channels or whatever. Check with an oscillator the oversold/overbought status of your currency of choice. Which reminds me:Chose the Forex currency you're most comfortable it, but take these advices into consideration: more liquidity translates into better price patterns and smaller spreads. This is why EUR/USD is so common between scalpers. It's the most traded pair in the world. Everybody watches it, all forex gurus analyze it (and no, I'm not talking about me and my daily thoughts and trade ideas on EUR/USD) and all brokers have small spreads on it. But the choice is yours. It's your forex trading account :)Do I have to add that you must avoid trading opposite to the trend (Forex trading retracements) unless you really know what you are doing? Trading in the same direction as the bigger trend will definitely increase your chances of winning.Always check the daily calendar before doing anything. See what news are coming out for the Forex currency pair you're trading and how will it be affected. Important news generate high volatility. Don't open Forex signals trades before news time unless, again, you're really sure of what you're doing. If you chose to do so, be careful with the widening spread at some brokers. Your tight stop might get hit when the spread goes from 1.2 to 10 without the actual price even moving.Be really careful when sizing your positions. Have strict money management rules. If you start losing, lower your Forex position sizes at least until you get synchronized again with the market movements and start to get a feeling of what's happening around you.