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. Your acceptable profit or loss per trade will depend on the time frame you're using. The 1-minute forex trading strategy 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 light-hearted name of “one minute”, this strategy will actually require at least two or three hours of your time a day. There is often a greater frequency of trading opportunities with scalping, which can result in large cumulative profits compared to your initial account balance. Generally speaking, the time frame for scalping is short-term and is mainly used for intraday trading.
There is no fixed period that you must follow to be classified as a speculator, but you basically trade within a limited price parameter: you can make quick profits or quick losses. Fast, multiple trades carried out in quick succession without paying much attention to general market conditions constitute the preferred approach of traders during this period. As such, this is by far the most liquid and volatile period of the trading day, and it requires appropriate scalping strategies in order to exploit it, if one is to take advantage of one of the best times to scalping in the foreign exchange market. Speculators seek to profit from small market movements, taking advantage of an adhesive tape that never stops.
Scalping is one of the most interesting ways to trade in the foreign exchange market, but there are several different ways to do it successfully. It's much easier to develop profitable trading systems on a daily time frame than on a 5-minute chart. The trading time frame varies from trader to trader, as everyone has their own strategy and style. The best way to get by under these conditions is to make very small and fast trades, and avoid accumulating positions.
The 5-minute scalping strategy is somewhat similar to the 1-minute scalping Forex method, with the main difference being the time frame. In addition to the time of day, one of the best times to avoid scalping in the foreign exchange market is before a major press release. Because when the market is illiquid (it moves slowly), hair can take longer to execute, be more expensive due to widening spreads and, of course, be exposed to greater risk due to events that affect the market. For this reason, it is not recommended for beginners, since the rapid pace of scalping can cause significant losses for those who lack the necessary knowledge and emotional control.