Different trader use different time frame.Generally i use 15 minute time frame.I think its a best time frame for me.
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Different trader use different time frame.Generally i use 15 minute time frame.I think its a best time frame for me.
Here in this Forex trading market I basically do not follow any kind of trend I just do what ever and which ever my mind says and this is why it is difficult for me to say about the trend that one should follow while doing trading here.
Following trend is a good thing because you can earn a lot if you ride the trend especially if it is a big trend, but it is hard to know when to enter and you must master forex trading first before you become successful.Quote:
Originally Posted by grabbani
strong trend we can follow in trading, especially if there is a new policy of a country against their currencies, then it probably will have an impact in the long term .. we can see the trend as a friend who can show us the best way to get the goals we want ..
yes you are right, each trader has a strategy, the type of trade and the time frame that is different, I rely more like using a time frame for 1 hour and 4 hours for my trade.Quote:
Originally Posted by shakilfx0
I usually watch the market for long period and looks for the trends even then I am a scalper, i use MA60, MA15, MA5 and use bolllinger band, I am usually happy with 10 pips, sometime it hits my SL but most of the time i earn my 10 pips.
I think m15 is the best trend to follow for any trader who prefers doing short term trades or Intra day trading as he can keep his trades open for few hours and perform them accordingly after considering m15 chart .
Yes trading style like swing trading, scalping trading, and intraday trading trader trade which strategy it depend on it. I also trade in 15min timeframe and 5min tiemframe. I trade some time 1 hour and 4 hours timeframe.
main student hu or main bi long term trading karta hu.
lekin main daily chart ko follow karta hu. main demo account main scalping bi sikh raha hu lekin abi tak kuch achi strategy ni bana paya.
long term main MACD ke singal ko follow kar ke trade karta hu.
the using of trend is not fixed to anyone. i can trade on M5, and M15 mostly but sometimes i use H4 when i take an order for long term trading. For scalpers M15 is best