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Actually there is exact answer for your question. Since 90% of the traders are Day traders (other Scalpers, Swing and Position traders).
The most helpful time frames are H1, H4 and D1 (daily time frame).
Day traders use H1 to enter the trade after detail analysis of H1 and H4 time frames. Daily chart (daily time frame) is something that any trader need to check and it is used for market overview of specific currency pair, stock or any other trading instrument.
Dave Berger
Wiki User
∙ 11y agoThe best time frame for trading Forex is entirely depends on the trader's nature of trading.
Some traders prefer to trade daily and use short time frame (1m, 5m, 1h) and some will prefer to be swing or position traders and will use longer time frame (1d, 1w).
The best way to trade is to combine a few time frames to determine the trend and the entry/exit prices.
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How long is the free trading trial for Forex?
The free trading trial for the company Forex is available for various amounts of time based on which type of Forex product is being purchase, the average time is one week.
Who is the best forex broker in 2011?
Now a days there are so many companies giving awards and so many brokers claiming to be the best. Truth is.. the best forex company is the one that you are satisfied with! Every trader has their own style of trading and it is imperative that you do your due research and in time you will have your best forex broker.
What is the Best time of day to trade forex?
Forex is basically a 24 hour a day market. However, if you are trading a particular pair you should trade when those country's markets are open.
What is Forex trading signal software used for?
Forex trading signal software monitors the Forex trading market and sends an alert when it's time to buy or sell. This is beneficial to those who don't have the time to consistently watch the Forex market.
What is the best strategy forex?
SimulatedForexTrading.ca Programs, Forex simulated trading helps investors practice their forex trading before risking any money. For that reason, taking part in an online forex trading simulation is essential for the long-term success of any trader. The lower the experience level of a trader, the longer that trader should be actively involved in online simulated forex trading. Before using a simulated forex trading system, it is important that the system is a live simulation program that provides lifelike results. The forex trading simulation system should allow the trader to execute practice trades at prevailing market prices using real time, streaming data. Practice before you Invest.
How can someone learn Forex Trading online fast?
No one can learn it fast. It takes time and patience. Some people learn it in 6 months and some take 3 years, the time taken to learn forex trading differs for everyone.
What is a Forex robot?
Forex Trading Robot A computer program based on a set of forex trading signals that helps determine whether to buy orsell a currency pair at any one time. Forex robots are designed to remove the psychological element of trading, which can be detrimental.
What are the benefits of the Forex Trading System?
Forex Trading System has many benefits. The first one is that you can trade at any time of the day or night. This means that it is available 24 hours/day. Also, Forex Trading is easy to start. So if you are new to the market of trading, you wont be struggling as much as other trading systems. Forex Trading has all of the information you need in one place.
What is the Best Forex Trading System?
Most companies claim to have the best forex trading system, and some 'guarantee' great profits almost instantly. I would be very wary of any site that is guaranteeing you quick gains as forex is a system that takes time to learn and there are many different strategies you can adopt. I would check out the reviews on a site such as forex trading reviews, where the author gives advice on different systems and tries to identify which are genuinely good systems and systems that are just scams.
What is the best way to learn Forex trading?
The best way to learn Forex is to pair up with someone more knowledgeable than your self like a mentor. There is an abundance of information out there when it comes to learning Forex Trading. There is courses, seminars, books, videos, tutorials etc But unless you take the time to learn from an experienced individual you will never truly understand the skills that you must apply to be a successful forex trader. One good website I can recommend is http://forex-trading-academy.com It has a wealth of information and free tools and resources to help you get started. Good luck!
Where can one find information on how to learn to trade stocks with Forex?
One can find Forex trading information on many different websites such as FXDD and Investopedia. There are also sites such as Easy Forex and Forex Time that offer a free trial set-up to help one get used to trading.
What does Fourex trading refer to?
Forex trading refers to an exchange market where currencies are traded. Exchange rates change all the time, so the value of the dollar can go up. Forex trading allows one to make a profit.
