What is Scalping: Scalping is the trade that starts with two or three pips and is opened for 15-20 pips. And the trade opened in this short time is called scalping. Those who do scalping are called scalpers. Scalping trades do not have any fixed time limit but stop loss and take profit are essential. The correct timeframe for scalping is 5,10,15,30,45 minute timeframe. When you go scalping on the 15 minute time frame you can see where the market is going on the h1,h4,d1 time frame. If the 5 minute timeframe is a buy position and the 15 minute timeframe is a buy position then you can enter scalping. And if these two charts give two types of signals, then you should not do scalping. Never scalping against H1,H4 timeframes. If you go against the H1, H4 timeframe, you will float in the forex market or currency ocean. You can be a gainer in the forex market if you go against the trend (market direction). There is no better timeframe for scalping than the 15 minute timeframe. When you see H1, H4 time frame giving the same signal then you can come to 15 minute chart and start scalping. If you profit in three trades in a row or lose in three trades in a row, don't trade that day. Do not do more than 5 scalpings in a day.
Scalping should be done in the pairs in which the spread (broker charge) is less. Because the spread will be more in your trade profit. As a result you will not be able to make more profit. Scalping should be done especially in major pairs. Scalping requires times when the market moves more. Best time for scalping is 11 AM to 12 AM. And in the evening between 6 PM to 10 PM.
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