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which time chart gives good profit?
8 Answers
<p>You can spend days, weeks, or even months trying every possible time frame or parameter looking for the one that makes a profit. You may try 30-second charts, five-minute charts, for example. Then you try all the non-time-based options, including tick charts and trading volume.</p>
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<p>Each trading system or technique and probably every market, has one optimal time frame or other variables that it will work best with. So, keep experimenting with time charts and find out that best suits your trading strategies.</p>
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<p id="isPasted">Trading styles and forex timeframes are directly correlated. In order to determine which timeframe is best for forex trading, you need to know what type of trader you are. While some traders, such as scalpers, trade within very short timeframes, others trade over a longer period. Depending on your trading style, you will need to choose the best forex timeframes.</p><p>There is no best time frame.</p><p>Scalpers would say 5m, 15m, and 30m charts</p><p>Day traders would say 1r, 4hr charts</p><p>Swing Traders would say 4h, daily & weekly</p><p>Position Traders would say weekly & monthly</p>
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<p>In order to open a successful long trade, you should start by looking at your monthly chart and analyzing the price movement. Find a potential target in this time frame by looking at the big picture. Next, scale down into a lower time frame (check the next few time frames down) and see if price action is moving in a manner that gives you a potential entry point. Check the news and any other relevant fundamental analysis for a sense of the traders' sentiment. After evaluating the potential reward of the trade, you should assess the amount you will have …</p>
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<p>The success of a prolonged Forex trade depends on several factors, so there is no definitive answer to this question. The best time to open a successful long trade is during periods of high liquidity and low volatility. The reason for this is that, during these periods, there is typically more buying pressure than selling pressure, which can lead to sustained price increases. Low volatility periods are also more predictable, making it easier to forecast price movements and identify potential profit-taking opportunities.</p>
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