In scalping traders usually trade on lowest time frames. Most often it will be 1m TF. Of course, you can find systems which are created for other time frames like 5m or 15m. What is best time frame? You have to decide.
If you trade on timeframes like 15m or higher then it is hard to be all the time in front of a screen.
The most popular is forex scalping on 1-minute chart during London and NY sessions. On 1m TF you can scalp for few hours and finish your trading. It is hard to do the same on higher TFs.
If you want to trade on less typical time frame like 2m, 3m or other then you should check Metatrader 5. For example, XM broker gives you a possibility to open an account for Metatrader 4 or Metatrader 5. If you choose MT5 then you will have a wide selection of time frames. To be precise, you can chose from time frames like:
- 1 min.
- 2 min.
- 3 min.
- 4 min.
- 5 min.
- 6 min.
- 10 min.
- 12 min.
- 15 min.
- 20 min.
- 30 min.
- 1 hour
- 2 hours
- 4 hours
If you want to scalp on time frames less than a minute than you can check Oanda – they have TFs like 5s, 15s or 30s if I remember correctly. These TFs are available in their custom software, they are not available in MT4.
Still, in most cases, you will be good to go with 1m, 5m, and other standard time frames.
Day trading and scalping guide - menu:
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- Forex scalping and day trading for beginners
- Best Forex broker for scalping and day trading
- Best Forex pairs for scalping and day trading
- News and economic data
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- How many pips, how many pairs
- Leverage in forex scalping and day trading
- Money management
- Position management
- Time frames
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- Forex scalping and day trading without indicators
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