Do not ever use m5 and m15 for trading. I think you should always use h4 data as it is the most reliable data for technical study
I used to adhere to h4 data and then combination examine with day1 data then i used to position my cope.
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Do not ever use m5 and m15 for trading. I think you should always use h4 data as it is the most reliable data for technical study
I used to adhere to h4 data and then combination examine with day1 data then i used to position my cope.
it is true that we can get 2-3 pips within a short time by scalping. but scalping is really risky. cause while doing scalping you are using larger lot volume. so if somehow the market start moving against you then you might have to loss many of your money. so a trader should not do scalping without 100% perfect analysis. that's why i prefer position trading because it helps us to trade with minimum risk!Quote:
Originally Posted by Mr. Tukul
in the forex market trending market give us more profit we need to manage here our money well and find the forex market trend what is that sell or buy it does not matter for us but now a days we need to prefer to the buy trend because by this way we can make here very fast money in the forex market.
It's hard to define and identify the trend if you are not expert on it.you can easily understand this chart but as per my opinion most of the traders trades in H1 chart when they want to trade for long term, if they want to trade in short term they should trade in M30. I made a good profit in this trend.
mai to ek hi trend pakda hun ki khud mehnat karo khud knowlge lo aur khud hi trading karo ksie per depend mat rahi aydi hu ksie per depend ho kar kaam karenge to kabhi kuuch nhi kar payenge isliy khud per viswash rakhna chahiy aur khud mehant karna chahiy .
Yes, although traders have a thorough analysis of the frame is pretty good in the right order great time speculators agree. I trade using M5 I always m15, h1 h4 and check the daily charts. bigeer time gives a good market image.
There are no best trends in forex exchange trading business because trends actually are plenty and can all assist a forex trader to make profits in their trading. The important thing is that a forex trader knows how to find these trends using trend lines.
there are many trends to follow from the 15 minutes time frame trend to hour and then 4hour and daily but i prefer the daily as that gives rest of mind and better trading opportunities unlike the lower time frame and the least i take now is 4h
Do not everr use m5 and m15 for trading
I think you should always use h4 data as it is the most reliable data for techncial study
I used to adhere to h4 data and then combination examine with day1 data then i used to position my deal
according to me m5 is the best time frame...but i constantly check m15 h1 h4 and daily chart.