What time frame to use for scalping in Forex

While scalping is possible virtually on any time (presuming that traders know where is that very gold limit which price will stumble upon) there are several commonly used time frames that scalpers use over and over again to profit from price moves in Forex.

These time frames are:

1 minute time frame - the favourite time frame for all Forex scalpers.
5 minute time frame - the frame for Forex masters, you need to have good analytic skills or a sound strategy to scalp with 5 min charts.
15 minutes - even more advanced level of knowledge is required.

These are three most common time frames adopted for scalping in Forex. However, there are other rather exotic frames some Forex brokers may offer: tick charts - 1 second, 5 second etc - these are nonsense, so don't waste your time watching them.

Then come 2 minute charts, 3 min, 4 min, 6 min, 10 min - they are so uncommon, again, don't fall for them, because you won't be seeing what everyone does.
What I mean is, say, everyone is watching 5 min charts, where there is a doji candle appears at the main support/resistance level signaling of an short term immediate price reverse, everyone will see it, but you, with your 3 min or 6 min charts won't. Thus you won't be able to react in time.

Conclusion, stick to three main time frames which majority use to make Forex analysis and scalp profitably.

Happy Forex scalping!

Recovering your account with Forex scalping

If your trading experience in Forex resulted in a loss of some good portion of your initial investment, there are two things you have to do.

First - stop trading immediately and let your mind and emotions settle down. The pause after a streak of losing trades in Forex not only heals you state, but also allows to escape market conditions that caused you to lose your capital.

After couple of days or a week look back at your system and evaluate what went wrong.
Redefine your trading parameters. Read more about Forex trading, learn something new.

That's all common sense recovery of your traders personality and fixing your working tools...

Now about actual account recovery. Will it be reasonable to return and trade long term if your Forex account has shrunk substantially? I'd say, no!
You can't afford another streak of losses. You need real profits right away. Most of us can enter a trade and make first 5-10 pips with no efforts. So, let this scalping approach be your helper for the first month. Get in, grab your dear 5 pips and get out. If you don't know the system that will allow you to scalp efficiently, spend some time researching.

You may say, that's a tough routine. Well, yes, but remember, you were the culprit of your large losses, so now it is time for a serious work. Scalping in Forex is a hard work, but it is the most efficient method to recover your thin Forex account to normal weight.

Happy Forex scalping!

Know brokers you can scalp with in Forex

My personal opinion is: if you are determined to scalp, don't be shy to ask brokers about their scalping tolerance before signing up with them.

Scalping is a great way to trade if you know how to scalp right. You would also need to find the best spread possible for the currency pair you'd like to use for scalping.
Usually traders go with EUR/USD, however if you find a good offer on other pairs why not try them as well.

Anyway, it all boils up to a particular broker that will really allow you to scalp without restricting you in any manner.

Here is a list of Forex brokers that allow scalping. Quite a good example that may help you to start with your own research.

Good luck and happy scalping in Forex!