Time frames for currencies

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 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:
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.

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.

It still depends on the currency pair itself and other factors

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

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.

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.

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.

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.

Using different time frames, traders can spot the larger trends and even more clear price action.

You first have do determine exactly what time of trading your personality is suited to!
Are you more relaxed with longer trades(4H/Daily) , or do you like scalping(1min/15min)?
Once you figure this out you can determine what time frame would suit your trading style!
I say this, because all the different types of traders will give you different answers and you might not like their style of trading.

KevinRosario posted:
I'm a beginner in forex and before entering live would like to know which time frame is best to trade with the EURUSD currency pair?

You can go for 15 mins for scalping, but since you are beginner, best to go for either 1H or 4H

KevinRosario posted:
I'm a beginner in forex and before entering live would like to know which time frame is best to trade with the EURUSD currency pair?

For beginners, it's always advisable to go for 1h or 4h time frame.

I doubt that it is possible to give you any strightforward answer to this question. I mean that there is no such a thing that this concrete currency pair is better to trade on H1 or something like that. It is up to a trader to decide which trading style is closer to them and whether they are ready to spend all day long at front of their computer screens or whether they are eager to trade ong term and abandon the chase for several pips in a deal. The only thing which sounds sort of credible to me is that it is better to avoid trading long term if you trade on exotic pairs. They are too unpredictable and volatile for me, but if you know the fundamental analysis and you can successfully analyze them, then Bob is your uncle. So, it is all individual, it is something like asking what colr of socks you should wear.

KevinRosario posted:
I'm a beginner in forex and before entering live would like to know which time frame is best to trade with the EURUSD currency pair?

You need to make a good plan.