Forex Trading With Multiple Time Frames
What is multiple time frame and why should we learn to use it in forex trading strategies. Maybe if you are someone who is just struggling with an online trading system, you are still confused, but if you are someone who has entered into online trading, it is normal that prices can be presented on a chart with several time frames, for example monthly, weekly, daily, 15 minutes. , and up to 1 minute.
When there are two people who see the price movement of the EUR/USD currency pair using different time frames, for example 4 hours with 5 minutes, the two people will have different perceptions of the price movement of the currency pair.
When using a chart with a time frame of 4 Hours the indicator shows the right time to open a BUY position but when using a chart with a time frame of 5 Minute the indicator shows the right time to open a SELL position. So which forecasting is correct? maybe both are true.
And this is what we will use as a trading strategy in the forex market. But if you don't understand the difference in perception above, you may be confused but don't worry, this will be explained in the next explanation.
Don't go anywhere because we will discuss how we will do forex trading using multiple analyzes to determine the best entry and exit points.
Related Post:
1. Forex Trading With Multiple Time Frames
2.Time Frame Used for Forex Trading
0 Response to "Forex Trading With Multiple Time Frames"
Post a Comment