The best forex timeframes for scalpers
Scalping is a trading style that involves identifying small price changes in the forex market and buying and selling large volumes of currencies over very short periods of time. By repeating this strategy over time, scalpers seek to accumulate a series of small gains, which will add up to generate attractive profits over a day.
Scalpers generally operate in very short time intervals ranging from one to 15 minutes. However, time frames of one or two minutes are usually the ones favored 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 moves and rely on trend analysis to identify a suitable entry point. You can then buy a certain amount of the chosen currency and wait for it to show a very slight rise over a one-minute interval. Once the bullish movement is initiated, you close your position and collect your gains, before restarting the process from the beginning. If there is no rise in the one-minute interval, you will exit the position with a small loss before trying your luck again on a new one-minute time interval.