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i use to trade on m5 but i always check m1 h1 h4 and daily chart. Bigeer time frame provides a good picture of the market. I think Forex is a good job. I agree even though a trader might be a scalper, a thorough analysis of a larger time frame is good enough to make the right order.
Following trends is very important, so many different strategies can be used to trade on the Forex market. There are some that are quite complicated while others are relatively simple.
Following the trend has become a very popular trading strategy because of its ease to be easily learned and implemented. This involves identifying trends as they first break and then you have to follow that trend.
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I agree even though a trader might be a scalper, a thorough analysis of a larger time frame is good enough to make the correct order. i use to trade on m5 but i always check m1 h1 h4 and daily chart.
in this context I would say it really depends on situations that can never be determined before the price action performance. we must always analyze trends and how much retogenation over time and we have to order trades according to the trend in the downtrend that we can sell in the uptrend that we can buy.
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There is no best trend at the end if you can use it. I think the use of every trend, technique is important thinking. It depends on certain traders. From the same tendency someone will make a profit and someone will experience a loss. attitude or decision on the market by traders. So prepare yourself to make the right decision.
There are big trends and then minor trends based on a lower time frame but the type of trader that you will determine is the type of trend that will be followed. for a long-term trader, it would be better to follow daily or weekly trends but he would use a lower trend to be in a long-term trend before he enters a position
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On every Forex chart, you will see a big trend that lasts for months or even years. If you lock and hold this trend, you can generate huge three-digit profits, but in reality most traders can't do it. Here we will give you some Forex trends and the basics that will take you on all the steps and big profits.
For me, I prefer a higher time frame because they help filter out the noise that is present in a lower time frame. A higher time frame is mainly used by day traders and swing traders while a lower time frame is mainly used by brokers.
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The trend towards which is very necessary to trade and analyze foreign exchange trading market markets. In the Forex currency market, it is possible to benefit from both directions, be it bullish or bearish, and I think that the best direction is H1.
There is always a trend for every period of time, and depends on you to trade where the time frame is. But if we want to trade like other big players out there. Most of them trade using 1 hour charts, because the 1 hour chart is the standard time to calculate work time.
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yes, I even have an idea like that. it seems, in forex it is like we have a tendency to climb the mountain area unit. to succeed at the highest of the additional energy needed and must run slowly. But to travel down, get faster, because it doesn't require good effort. Likewise with forex, to maneuver, it will move very fast. especially if there is a negative reaction. If I observe, it's usually old eu per se. and I think you should always use the h4 chart because this is the most trusted chart for technical studies. and that cannot be compared to traders who like scalping. i use to trade on m5 but i always check m1 h1 h4 and daily chart. Bigeer time frame provides a good picture of the market ..
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I think it only depends on the market situation and our choice of choice which we want to open our trade as buying or selling. and it really depends on market trends over the road and down. the trend shows the market situation to choose an option to open our trade on the forex market. each time frame has a trend and we must trade the chart trends we trade. if we trade on the M5 time frame we must trade on this time frame and if we trade on the M15 time frame we must consider the M15 time frame trend.
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Usually as we must always follow the trends in trading. But I have found that, whenever there is a bigger trend, there will always be smaller trends in the market. So it's good to have a position that is placed for big trends and others for small trends and I also have a concept like that. Looks like, in forex like we are climbing a mountain. to reach the top requires more energy and must be slow. but to go down faster, because there will be no big effort. and foreign exchange, to scroll down, can move very quickly. especially if there is a negative reaction. If I observe, eu is so often experienced.
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In terms of trends with time periods, trends over a larger period of time are more reliable. Even though correction may occur in a lower time frame we need to also pay attention to the signal reversal of the trend. In particular, most trend reversals are caused by fundamental factors and not technical indicators. and There are various trends that can be used as part of the forex trading business. Trends such as those found in the span of time can be analyzed and followed by traders and used to generate profits in forex.
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Forex trading main jo log kaam karte hain woh Yahan Par market Kata and ko find karne ke liye try karte hain aur jab trend Mil Jata Hai Teri Yahan Par Apna order Laga Lete Hain who is Tarah Se Yahan Par apni earning ko possible banate hain Trend ko find karna bahut jyada important Hota Hai