Master the Art of 1-Minute Scalping
Scalping is one of the most exciting and potentially profitable trading strategies in forex. The 1-minute scalping strategy allows traders to capture small price movements in very short timeframes, making multiple trades throughout the day.
What is 1-Minute Scalping?
1-minute scalping involves opening and closing trades within 1-5 minutes, targeting small price movements of 5-15 pips. This strategy requires quick decision-making, strict discipline, and excellent risk management.
Key Requirements for Success
- Fast execution platform with low spreads
- Strong internet connection
- Ability to make quick decisions under pressure
- Strict adherence to risk management rules
- Focus on major currency pairs (EUR/USD, GBP/USD, USD/JPY)
The 1-Minute Scalping Setup
Timeframe: 1-minute charts
Indicators: 5 EMA, 10 EMA, RSI (14), Bollinger Bands
Risk per trade: 1-2% of account balance
Target: 5-15 pips
Stop loss: 3-8 pips
Entry Signals
Long Entry:
- Price above both 5 EMA and 10 EMA
- 5 EMA crosses above 10 EMA
- RSI above 50 but below 70
- Price bounces off lower Bollinger Band
Short Entry:
- Price below both 5 EMA and 10 EMA
- 5 EMA crosses below 10 EMA
- RSI below 50 but above 30
- Price bounces off upper Bollinger Band
Risk Management Rules
- Never risk more than 1-2% per trade
- Set stop loss before entering the trade
- Take partial profits at 5-8 pips
- Move stop loss to breakeven after 8 pips profit
- Avoid trading during major news releases
Best Trading Sessions
The most volatile and profitable sessions for 1-minute scalping are:
- London Session (8:00-12:00 GMT)
- New York Session (13:00-17:00 GMT)
- London-New York Overlap (13:00-16:00 GMT)
Common Mistakes to Avoid
- Overtrading - stick to quality setups
- Ignoring spreads - they can eat into profits quickly
- Emotional trading - maintain discipline
- Poor timing - avoid low volatility periods
- Inadequate preparation - always have a plan
Conclusion
1-minute scalping can be highly profitable but requires dedication, practice, and strict discipline. Start with a demo account to master the strategy before risking real money. Remember, consistency and risk management are more important than individual trade profits.