Question -

which time chart gives good profit?

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Charles Farley
Answered 2 years, 6 months ago
<p>There is no one-size-fits-all answer to this question, as the best time chart for generating profit will vary depending on the specific financial instrument and market conditions being analyzed. That being said, some commonly used time charts for technical analysis include daily, weekly, and monthly charts and traders may also use intraday charts such as 1-minute, 5-minute, and 15-minute charts. Ultimately, the success of a trading strategy will depend on a variety of factors, including market conditions, the trader's risk tolerance, and their individual investment goals.</p>
Ryan Childers
Answered 2 years, 1 month ago
<p id="isPasted">Forex trading profitability is influenced by various factors, including market conditions, trading strategies, risk management, and personal trading style. While there isn't a specific time chart that guarantees good profits in forex trading, different traders may find success with different timeframes based on their preferences and trading strategies. Here are a few commonly used time charts in forex trading:</p><ol><li>Scalping: Traders who employ scalping strategies typically use very short timeframes, such as 1-minute, 5-minute, or 15-minute charts. Scalpers aim to make quick trades and take advantage of small price movements.</li><li>Day Trading: Day traders focus on intraday price movements and …</li></ol>
Thomas Ball
Answered 1 year, 6 months ago
<p id="isPasted"><strong>Instead of focusing on a specific timeframe, it's crucial to consider these factors:</strong></p><p><strong>Your Trading Style:</strong></p><ul><li><p>Scalping &amp; Day Trading:&nbsp;Shorter timeframes (1-minute to 1-hour charts) offer frequent entry and exit opportunities,&nbsp;but higher potential for losses due to volatility.</p></li><li><p>Swing Trading:&nbsp;Medium timeframes (hourly to daily charts) capture trends while filtering out some noise,&nbsp;balancing risk and reward.</p></li><li><p>Position Trading &amp; Investing:&nbsp;Longer timeframes (weekly to monthly charts) focus on larger trends with lower frequency but potentially higher rewards.</p></li></ul><p><strong>Your Risk Tolerance:</strong></p><ul><li><p>Higher tolerance:&nbsp;Shorter timeframes might suit you,&nbsp;but be prepared for rapid price swings and potential losses.</p></li><li><p>Lower tolerance:&nbsp;Longer timeframes provide smoother price movements …</p></li></ul>