The best forex time frames for scalpers
Scalping is a style of trading that involves identifying small price changes in the forex market and buying and selling large amounts of currencies over very short periods of time. By repeating this strategy over time, scalpers seek to accumulate a series of small wins that will add up to generate attractive profits over a day.
Scalpers generally operate in very short time intervals from one to 15 minutes. However, time frames of one or two minutes are usually the ones preferred by scalpers.
To implement this strategy, you need to choose a very liquid currency pair and then you can open an IG account.
Watch the movements and rely on trend analysis to identify an appropriate entry point. You can then buy a certain amount of the chosen currency and wait for it to show a very small increase over a one minute interval. Once the bullish move has started, you close your position and collect your winnings before restarting the process from the beginning. If there is no increase in the one-minute interval, you will exit the position with a small loss before trying your luck again at a new one-minute time interval.