indeed if we have love and find a style that fits would be comfortable in any trade, do not force others to follow the style is not necessarily fit for our characters,
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Study the way allocate formation more profits to traders. I also speaking this trading strategy using EMA50 in M15, H1 and H4 phase body. Read in this timeframe power cerebrate me the gross appreciation in market modify.
Do not everr use m5 and m15 for trading
I think you should always use h4 chart as it is the most trustworthy chart for techncial study
In a typical foreign exchange transaction, a party purchases some quantity of one currency by paying some quantity of another currency. The modern foreign exchange market began forming during the 1970s after three decades of government restrictions on foreign exchange transactions (the Bretton Woods system of monetary management established the rules for commercial and financial relations among the world's major industrial states after World War II), when countries ****ually switched to floating exchange rates from the previous exchange rate regime, which remained fixed as per the Bretton Woods system.
I think the best trend to follow is a long time frame because of the long time you can get the direction of the trend but also take advantage of a short time to make the best entry and exit at the right time thats what i thought. but I think all trends are good
I think the strategy is different from each other traders
and I'm sure your daily merchant
and it can not be equated with the merchant who like scalping
I usually trade in gold or eur-usd and both have good fundamentals for long term, so i often follow bullish trend only, as even if prices come down, it gives the opportunity to wait for some time for those prices to return instead of closing your position due to long term stop loss and losing heavy.
I think 1m is best for short tread. I always use it when I tread. I don't know its good for everyone. I just think it is the best. I also use 5m and 10m. But 1m is more comfortable....
trend down or up is good for trading ..
but its hard for me is how to determine trend will begin or end ..
it took a long time to learn that I was able to trading with follow the trend
I think you should always use h4 chart as it is the most trustworthy chart for techncial study
I used to follow h4 chart and then cross check with day1 chart then i used to place my deal