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06-10-2008, 12:27 PM
Scalping is trading very short time frames to grab a few pips at a time. Despite the fact that they get to collect the spread on each deal, a lot of brokers don't like this trading style, since a good scalper can be very profitable.
Slippage - You place (or close) an order at a certain price. Your broker fills your order at a worse price (the price "slips") and blames it on fast moving market conditions. Some brokers do this and only hit you for a few pips. Others will burn you for 20, 30, or even more.
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