In the USA - Insider trading with information about what a company is going to do before the public knows in the equity market is against the law. But in Forex, anything goes. That’s why trading the lower timeframes, you run the risk of being rolled over by the big players. With that being said I was in the Daily timeframe and I still got stopped out.
I’m currently scanning the charts and scalping AUD/JPY on my demo account in the 5min time frame. Though not very well. I don’t think it fits my personality.