On the foreign exchange market, we can negotiate in the short or even very short-term, medium-term and long-term, it depends on his profile. The units of time, as they are called, the most popular are 1, 5 and 15 minutes, 1 and 4 hours and 1 day.
Each of them has advantages and disadvantages. We offer you today to see the timeframe the more appropriate when you begin on forex.
Usually, when you begin on the foreign exchange market, one is tempted by the units of time very short, 1 and 5 minutes because they give the impression of a strong activity that could quickly turn into financial gain. Please be aware that this is a mistake. The units of time very short imply you know how to analyse rapidly a large number of signals, skill to acquire only with experience.
The units of time long or very long are also not suitable really for beginners forex. The signals are few and the opportunities are much more rare, and then, it is not with one trade per week you will get an effective experience.
The unit of ideal time to begin to trade on the foreign exchange market goes from 15 minutes to 1 hour. It is, therefore, the graphs for the medium-term, you must focus on when there is a lack of experience in the field of forex trading. On this timeframe, you will have time to enjoy the trading signals, analyze them, and place your positions accordingly. Once more seasoned, you will be able to test other units of time.
Updated on Monday, 26 June 2017 13:49