Question
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Time frame to be set according to forex pairs?
3 Answers
<p>Its all dependent on your trading style and strategy. It is suggested to trade in market when most of markets are open. I personally suggest to trade in London session. You should trade only on major pairs as these pair are most traded in whole world and do not have chances of crashing. You can opt for EURUSD, GBPUSD, USDJPY, EURGBP.</p>
4 Views
<p>If you are looking for volatility, the ideal pairs are of course EURUSD, GBPUSD, XAUUSD, USDJPY. Volatile currency pairs will give you more opportunities to trade. During the day you may have a lot of setups. I usually prefer 30 mins for daily trades. You may also use 4H if you are not a day trader. You can hold your positions for a short period of time.</p>
3 Views
<p><br>Best Forex pair and Time Frame to Trade is the biggest myth. A trader needs to understand the Average daily range of a Pair and he should be able to afford the stop losses to stay in the Game. Every Forex Pair has a Personality trait which needs to be understood first and then based on the available capital and holding capacity on the trade to stay long or short decide on the Lot size and time frame.</p>
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