Best Time frame in Forex trading - BlockchainVsCrypto - Get Early Access for Success

Friday, June 7, 2019

Best Time frame in Forex trading

Best Time frame in Forex trading

Everyone who trades in forex they have doubt about which time frame is correct for trading and they ask everyone in social media or friend circle that tell me What are the Best TimeFrames For Trading Forex?

In this blog, I shared my own experience and some experts advice regarding the time frame to be used in forex trading. so lets started.

I will give you a short but sweet explanation.

First, you need to know that you are a short term trader or long term trader. and Choose time depends on different factors
  • your holding capacity for short term or long term
  • You stop-loss position.
  • Your risk to reward ration.
  • You are a trader or investor
  • The market opening time gap
  • Currency pair data
So, Firstly understand that which time frame mostly used in forex trading
  • One minute time frame
  • Five-minute time frame
  • Fifteen-minute time frame
  • Thirty-minute time frame
  • One hour time frame
  • Four-hour time frame
  • One day time frame
  • One week time frame
  • One month time frame
  • One year time frame
Big confusion now to select which time frame is best for trading.

Let's go to step by step,

First, check out Basic Trading Time Frames,

Most of the trader knows that time frame divided into three-time frame 

Short term timeframe: one minute, fifteen minutes and thirty minutes.

Medium-term time frame: one Hour and four hour

Long term time frame: more than 1-day time frame

If you using day trading strategy then the short term time frame is best for you

If you close your position before the closing of the day then short to medium time frame is best for you. Swing trader and Scalpers mostly use this time frame to take advantage of the movement of the market.

Let's think in a different way,

Categories time frame by your holding time then,

Long term time frame is for several month holding

Medium-term holding for several week holdings

Short term for several days holding 

My personal opinion is 

I use One-hour time frame for Intraday Trades

If I take trade for long term then I prefer One day Time frame.

Conclusion:

Time frame in forex trading depends on your trading strategy it may vary person to person but the best time frame mentioned by an expert is more than one hour so use this with confirmation of trends. 

1 comment:

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