as we all know that in this market we only get few trends which always give us right profit i must say that we must have to follow the right trend which we will get by using indicators and news
Printable View
as we all know that in this market we only get few trends which always give us right profit i must say that we must have to follow the right trend which we will get by using indicators and news
a trader may be a scalper, a thorough analysis of bigger time frames is quite good to make a right order. i use to trade on m5 but i constantly check m15 h1 h4 and daily chart. bigeer time frames gives a good picture
yup, i agree with you. however, because my computer is weak then I can not observe the price at TF 1M, 5M TF as I used to observe the smallest TF price. and I also use TF H4 as a place to specify the trend going. and that in my opinion is the right setup for me to decide to become intraday trader.
Trend is the important tool in Forex trading . Trend is our friend . Most traders use the H4 or one day trend . it is very reliable for Forex trading .
Well market trend always change, it can be going up or it also can going down. As forex trader we must always follow the trend by our forex knowledge and without any speculation. If we predict the trend direction with speculation it will make us losing our money when our prediction is wrong.
I am newbie in forex market,have a good trading system, have a clear trading plan, have extensive knowledge in the field of economics or politics to be able to do the analysis properly. Cover the loss with confident and patience. Then you will become a good traders.
Actually Forex is a risky market so here it is difficult to select the market trends. I wait for a long term trends in this market because I am true businessman.
if you have strong analysis about the trend then buy or sell trend is best for you if you are not confirmed about any trend then no trend is best for you so you need to firstly undestand the trend and then trade in any pair which you have studied.
yes i think you are right and this is a professional job and a thorough analysis of bigger time frames is quite good to make a right order. i use to trade on m5 but i constantly check m15 h1 h4 and daily chart. bigeer time frames gives a good picture of the market and this is a profitable markit and thanks