"scalp"...hmmmm, according to defination by thesaurus, "the scalp of an enemy cut off as a trophy"...oophhhs...wrong defination! : )
Ok, in a nut shell and right off the top of my head, "scalping for profits" in forex term means opening and then closing a trade or trades for small quick profits. It might take (depending on market movement at that time) fraction of a second. a few seconds or minutes. Basically, you open a trade and then close it immediately when it is in profit.
Example: You open a "Buy" trade on EUR/USD at 1.3674 and as soon as the price goes up to 1.3676 you have made 1 pip profit (i.e after deducting the 2 pips spread charged by your broker) and you close that trade immediately. Hence, you are scalping for profits....though I would refer to it more like "scraping" for profits...you know! Scraping something off the surface of something!
Like I said, learn to be patience and don't get any wild ideas that you can trade and become an immediate millionaire....unless, of course, if you have a usd10million account and take up a >1,000 lot size on a winning position.
It took me more than 11 months of learning to start trading Live, and NOW, MORE THAN 2 YEARS LATER, I AM STILL STUMBLING AROUND AND BLOWING UP ACCOUNT, AFTER ACCOUNT, AND THEN SOME MORE.
...and why do I blow up all those accounts???? That can be summed up with SIX very simple words: GREED, IMPATIENCE, BAD MONEY MANAGEMENT.
GREED for more profits even after attaining over 400% profits in one day.
IMPATIENCE to turn that account into tens & hundreds of thousands in the shortest time possible.
BAD MONEY MANAGEMENT in opening up too many trades for my account to sustain any serious losses.
Take the time to learn and to understand forex, and curb your gambling instinct and you will come out ok in forex!