These days scalping in Forex is in high demand these days. Many brokers frown upon scalper operations. People look for scalping software which is capable of opening and closing a position in seconds.
Although scalping involves the use of a higher level of leverage combined with a short period of time decreases the exposure of the risk. If it is done right, it provides an additional degree of risk control.
Scalpers may use all kinds of systems and platforms to scalp upon currencies. The most commonly used platform is MetaTrader 4.
For it to be used in scalping without any kind of limitations and restrictions, a multi-liquidity provider feed or a ECN- type of feed must be used. There are various firms out there working on projects to be able to support these type of operations.
As any other form of trading, scalping involves risk. Some may even argue that it involves more risk than standard trading on account of the rules and regulations of various brokers.
They are intended to minimize risk by holding trading positions for a very short period of time as well as constant monitoring of the price and collecting quick profits as they appear.
If you are interested and want to get set up, you will find that these systems are low cost and easy to use. They may come complete with custom Forex indicators, free charts. At the end of the day you want to be able to get the most pips in your favor.
Beware of the fact that it may be against the TOS on your brokers page, so you may want to look over that before you get into that.
In conclusion there are many of different Forex trading software on the market that perform scalping, and if you are savvy enough you could in fact program one yourself. Keep in mind that all trading involves risk and the purpose of scalping software is to minimize risk.