How to choose a profitable chart intervals?

<p id="isPasted">As a new trader, you may spend days, weeks, or even months trying every possible time frame or parameter until you find one that works for you. Consider 30-second charts or five-minute charts, for example. After that, you try all the options that are not time-based, such as tick charts and trading volumes.&nbsp;</p><p>If none of these make a profit, you may think you made an error and try them all again, assuming you missed something the first time. You then adjust your trading system or technique slightly and try all of the timeframes again when you still don't find a profitable choice.&nbsp;</p>

<p id="isPasted">In order to succeed in Forex, you must understand what Forex trading is. Professional traders run the market and take a percentage of profits from Banks, Institutions, and Retail traders.</p><p>To analyze the market, go out to the monthly chart and see which way the long-term bias is. Scale down into two lower timeframes and see which way the price action is headed. Use patience when trading in the direction of the long-term bias. Waiting pays you. Assess where the current price action stands in relation to the long-term targets that Smart Money traders are using. Trading on a short timeframe will put you out of sync with the longer-term trend. It is for this reason that retail traders struggle to make money. Stay out of Smart Money's bull and bear traps and stop runs by cycling into rotations in the direction of the longer-term bias.</p>

<p id="isPasted">To succeed in Forex, you must understand what it is. Market makers take a percentage of profits from the bank, institutional, and retail traders who enter the market.</p><p>Using the monthly chart, you can determine which direction the market is headed long term. Then scale down into two lower time frames and observe the direction of price movement. It is always best to trade in the direction of long-term bias using patience. When you wait, you get paid. Analyze how current price action compares to long-term targets used by Smart Money traders. Day trading on a short timeframe will put you out of sync with what's going on in the longer term. This is why retail traders have a hard time making money. Follow the longer-term bias and avoid Smart Money's bull and bear traps and stop runs.</p>

<p id="isPasted">When it comes to choosing a chart interval, there are a few key factors to consider that can impact profitability. Here are some things to consider:</p><ol><li>Timeframe: Different chart intervals represent different time frames, such as 1 minute, 5 minutes, 1 hour, 4 hours, daily, and weekly. Choose a chart interval that aligns with your investment horizon and trading style. For example, if you are a day trader, you may prefer to use a 5-minute or 1-hour chart.</li><li>Volatility: Different chart intervals can present different levels of volatility. For example, a 1-minute chart may show more price movements compared to a 4-hour chart. Consider the level of volatility you are comfortable with when choosing a chart interval.</li><li>Trend identification: Longer chart intervals can make it easier to identify trends, while shorter chart intervals may provide more opportunities for trades. However, shorter chart intervals can also be more prone to false signals.</li><li>Market noise: Shorter chart intervals may present more market noise, while longer chart intervals can provide a clearer view of the market. Consider the type of market you are trading in and choose an interval that allows you to best identify the relevant trends and patterns.</li></ol><p><br></p><p>Ultimately, the best chart interval for you will depend on your individual trading style, risk tolerance, and market conditions. It's important to experiment with different chart intervals to find what works best for you.</p>

<p id="isPasted">If you want to succeed in Forex you need to understand what Forex trading is. You are trading against Professional traders who run the market and take a percentage of the profits from the Bank, Institutional, and Retail traders who enter the market.</p><p>The best way to analyze the market is to go out to the monthly chart and see which way the long term bias is. After that scale down into 2 lower time frames and see which way the price action is heading. Always trade in the direction of the long term bias using patience. You get paid to wait. Find long term targets that the Smart Money traders are using and assess where the current price action is in relation to these longer term targets. Day trading on a short time frame will put you out of sync with the longer term bias. This is why Retail traders struggle to profit. Cycle into rotations in the direction of the longer term bias and try to stay out of Smart Money’s bull and bear traps and stop runs.</p>