Units of time in the forex market: learn how to choose the right time to trade

The best forex times for scalpers

Scalping is a style of trading 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 try to accumulate a series of small gains, which add up to generate attractive profits over the span of a day.

Scalpers generally operate in very short time frames ranging from one to 15 minutes. However, times of one or two minutes are usually the ones preferred by scalpers.

To implement this strategy, you need to choose a very liquid currency pair, 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 your chosen currency and wait for it to show a very slight increase in the one minute interval. Once the bullish movement has started, close your position and collect your gains, before starting the process over from the beginning. If there is no increase 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 frame.

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