What are the best timeframes in forex trading?

Best forex timeframes for scalpers

Scalping is a trading style that involves identifying small price changes in the forex market and then buying and selling high volumes of currency over very short periods. By repeating this strategy over time, scalpers aim to build up a series of little gains that add up to a decent day’s profits.

Scalpers usually work within very small timeframes of one minute to 15 minutes. However, the one- or two-minute timeframes tend to be favoured among scalpers.

To action this strategy, you must choose a highly liquid currency pairing.

Buy into the market and watch the market movements, and use trend analysis to identify an appropriate entry point. You can then buy a certain amount of your chosen currency and wait for it to tick up very slightly within a one-minute window. Once it ticks up, you sell your holding and bank the profits, then start the process all over again. If it doesn’t tick up by the end of the one-minute timeframe, you’ll sell at a small loss before trying again to profit from a new one-minute timeframe.