What time frames are suitable for each currency pair EUR / USD, GBP / USD, XAU / USD?
The one that you can actively see tradeable opportunities. There isn't a right or wrong answer here.
If you can't spot the liquidity then you are the liquidity.
With the right approach, this can be very interesting indeed.
If investment is low then H1 or M30 time frame is required. It is possible to profit consistently. However, 1: 3 risk ratio should be used.
It's your trading strategy that would decide which time frame is good for you. Experience traders find their comfortable time frame with time. But newbie should focus on higher time frame as it gives less trades which means less mistake.
AliaDare posted:I think the same, because a lot depends on the investment. In order to do long term trading, it is necessary to have sufficient investment.
If investment is low then H1 or M30 time frame is required. It is possible to profit consistently. However, 1: 3 risk ratio should be used.
It still depends on the currency pair itself and other factors
It should be understood that for this you need to have some work experience. Without this, getting a positive result is quite difficult.
Nov 30 2021 at 05:39
UweMoench posted:Yes. Trading strategy will decide the time frame.
It's your trading strategy that would decide which time frame is good for you. Experience traders find their comfortable time frame with time. But newbie should focus on higher time frame as it gives less trades which means less mistake.
Usually, I am using multiple timeframes to analyze the market pattern, first using at least a daily timeframe to get the picture of the major trend that going on, and then moving to use lower timeframe H1 to analyze the medium-term of market pattern, then use lowest timeframe to get entry point zone
Dec 02 2021 at 06:40
Choosing the right time frame also depends on the strategy you are using. However, trading when the Newyork and London markets are open can be beneficial. The biggest moves happen during 8:00 to 10:00 GMT and 12:00 to 15:00 GMT. As the trading volume is high, you’ll experience tightest spreads during these hours.
Dec 02 2021 at 08:17
Yes! Timeframe is something which needs to be decided by you according to your strategy and risk tolerance level. This can't be copied from experienced traders.
For newbies higher time frames like H4 or D1 is better as in lower time frame there is no much noise. That's why it can lead them to over trading habit.
I think that with the right approach, this option can really be very interesting.
Dec 02 2021 at 15:01
LucianVince posted:
Choosing the right time frame also depends on the strategy you are using. However, trading when the Newyork and London markets are open can be beneficial. The biggest moves happen during 8:00 to 10:00 GMT and 12:00 to 15:00 GMT. As the trading volume is high, you’ll experience tightest spreads during these hours.
Definitely agree these time zones are the best for trading. The crossover between these sessions is where the most liquidity is and moves happen
Every trader has his own specific preferred time frame. I personally like H1 and D1. A trader should find out which time frames he understands the most and suits him.
Dec 08 2021 at 14:07
Traders may use multiple time frames to analyze and track a trade or they may just stick to one.
It depends on you, your trading style and your strategy. Many traders trade 15 min charts, and others daily or weekly charts. If you are a beginner, then you should trade in the higher time frame to avoid false breakouts and whipsaws.
Dec 10 2021 at 10:58
Using different time frames, traders can spot the larger trends and even more clear price action.
