The timeframe that you understand the most is the best time frame. You have to research on all time frames and see what works for you. It is time taking. That's why trading is not so easy. You have to do a lot of experiment to get a good trading system. Here most people make the mistake. From the very beginning they want to make money.
I prefer using the daily timeframe because its the perfect platform for trading where many trades range from beginners to professional traders. Some prefer higher time frames, but it mostly depends on trading style.
Time frames are a very important aspect for forex trading as the market is very volatile. I use smaller time frames as it helps me in scalping out the prices though smaller time frames require more time to sit and analyse.
Ramierez posted: I prefer using the daily timeframe because its the perfect platform for trading where many trades range from beginners to professional traders. Some prefer higher time frames, but it mostly depends on trading style.
Yes, using daily timeframes is something I also prefer. Smaller time frames are really useful for timing entries. But again it all depends on the trader.
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