While there really isn't a better time frame for scalping, the 15-minute period tends to be the least popular in most Forex scalping strategies. Both 1-minute and 5-minute time frames are the most common. The 1-minute time strategy for Forex trading is perhaps the most popular scalping approach. Due to the limited number of opportunities, the trader can focus on searching for a specific signal, which is a great advantage for anyone with short attention spans.
However, despite the lighthearted name of “one minute”, this strategy will actually require at least two or three hours of your time a day. My recommendation for the best scalping trading time frame is the 3, 5, 10, and 15 million charts. Although others use 10-second, 1-million graphics, I don't use them. As a speculator on 3, 5, 10, and 15 million charts, you'll also learn to set a loss limit and to pay constant attention to the risk-reward ratio before considering using a trading setup.
The trading time frame varies from trader to trader, as everyone has their own strategy and style. When trading within these time frames, you compete with high-frequency trading (HFT) firms that use automated trading programs (algorithms) created by a team of experts. The first step in understanding the scalping approach is to determine the best time frame for the Forex scalping method. In addition, scalping requires constant attention to the market and may not be suitable for traders with limited time or for those who prefer a more passive approach.
Speculators can no longer rely on real-time in-depth market analysis to get the buy and sell signals they need to make several small profits on a normal trading day. Finally, most of the operations are now carried out outside the exchanges, in obscure groups that do not publish information in real time. The 5-minute scalping strategy is somewhat similar to the 1-minute scalping Forex method, with the main difference being the time frame. It's much easier to develop profitable trading systems on a daily time frame than on a 5-minute chart.
The difference between what a buyer will pay and what the seller will receive at any given time is called the differential between supply and demand. When these two conditions are met, it will gradually be detected what is the best time frame for operating with scalping. Instantly find out if the foreign exchange market is open or what the current trading session is based on your local time zone. The goal of scalping is to accumulate a series of small profits that can add up to a significant profit over time.
If you were trading on a slower time frame, such as a daily chart, and made a profit of 400 pips, you would pay 0.5% of the profits to pay for the spreads, compared to 50% in the previous example.