BEST TIME FOR TRADING ~ forex trading education singapore
This is the question that always asked and it is an important question for the novice traders. When you start learning and trading forex, you do not know on what time frame you should focus. That is why you try all time frames to see which one works better. You may think that smaller time frames are better, because they will have more trade setups and so more opportunities for making money. This can be true, but the problem with the smaller time frames is that they need you to sit at the computer and watch them for several hours per day and this is not easy. Bigger time frames may have less trade setups but the good thing is that you can check them less frequently. For example when you work with the daily time frame, you can check the charts only once every day. It is recommended that novice traders work with the bigger time frames like one hour and 4 hours. Small time frames like 5min are not suitable for novice traders at all. The reason is that controlling of the emotions is the most important problem that newbies have and when they work with the smaller times frames, they will have more emotions because they have to be fast. When you work with 5min chart, you have to decide much faster than 4hrs chart and it will be harder to control your emotions when you push yourself to decide faster. If you are new to forex trading, you’d better to start with one hour or 4hrs chart |
More info for BEST TIME FOR TRADING ~ forex trading education singapore:
