How to choose a profitable chart intervals?

Question

Ryan · Accepted Answer

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. 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.

Dustin · Answer

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.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.

Charles · Answer

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.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.

How to choose a profitable chart intervals?

6 Answer

6 Answer

How to choose a profitable chart intervals?

6 Answer

6 Answer

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