jahan tak mera mind hai tu trading ke liye jo bhe best hai who hi big investment agar ap ke investmnt achi hai tu phr ap ko sucess se koe bhe dor nh rakh sakta hai forex main eanring ke liye or leanring ke liye bhe,
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jahan tak mera mind hai tu trading ke liye jo bhe best hai who hi big investment agar ap ke investmnt achi hai tu phr ap ko sucess se koe bhe dor nh rakh sakta hai forex main eanring ke liye or leanring ke liye bhe,
Yes I agree though that a trader can be a speculator, a comprehensive analysis of larger time frames is good enough to make a correct order. I use to trade but constantly verified m5 m15 h1 h4 and daily chart. bigeer time gives a good picture of the market
for me i like to follow bigger charts changes between the daily chart and the monthly one they are so respected by every analysis i make on them and it's hard for the market to break any support or resistance through this charts
Any form of Trends could be followed to analyse and open Forex trades. Trends are basically going to enable a Forex trader that makes use of it to make better trade decsions with more accuracy.
In my own opinion, I usually use my own results that I get while using my trend lines to draw support and resistance lines in my terminal. With the trend I discover, I am able to trade successfully by following them...
personally i think for long-term trader i agree if we use h4, d1 or w1. but for short-term trader or scalper i recommend to use m1, m5 and m15. because scalper only take 2-3 pips for their profit.
Mujhe bhi yahi lagte hai keye ak trader ki upor hi jayda depend karte hai , kuk ham trader jis tarha ki traded karne ki liye experience ko hasil karte hai hame sirf wo hi traded karna chaiye , nahi to hame apne traded me profit nahi loss ki chance hoti hai .
Dear in fact I consider we should follow the trend that occurred in the TF is great, because this trend is likely to last a long time, rather than trend on small TF. trend on a smaller timeframe usually is a correction of the major trend at TF great
One of the first decisions you will need to make when you begin trading on the foreign exchange market is on what time frame you want to trade. For quick trades, work with quarter and hourly charts. There is a class of trader called a “scalper” that goes even faster, concluding trades in just minutes.Relative strength indices will help give you an idea of the average losses or gains of certain markets. Knowing the averages of gain or loss in a market may not affect your investing but does give you an overall feel for a specific market. Before tackling trades in a tough market that is known for eating traders’ profits, think twice.
As a beginner trading Forex, it can be rather tempting to start investing in several different currencies. Stick with just one currency pair while you are learning how to trade. When you learn more about the market, try expanding. This technique will help you avoid great losses.
personally I believe that the smaller the time frame then the more you will to rush in making decision. rushing in doing things can sometimes mislead you to unfortunate positions, like mistake read the price, mistaken input the SL and TP point, etc.