Best forex timeframes for scalpers
Scalping is a trading style that involves spotting small price changes in the forex market and buying and selling large amounts of currency in a very short period of time. By repeating this strategy over time, scalpers want to accumulate a series of small profits, which will add up to make attractive profits in one day.
Scalpers usually operate in very short time intervals between one and 15 minutes. However, the one or two minute time frame is generally 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 moves and rely on trend analysis to identify an appropriate entry point. You can then buy a certain amount of the selected currency and wait for it to show a very small increase in the interval of one minute. Once the bullish movement begins, close your position and collect your profits before you restart the process from the beginning. If there is no rise in a one-minute interval, you exit the position with a small loss before trying your luck again in a new one-minute interval.