How to Choose the Best Time Frame for Forex Trading

The trading business cannot be separated from the use of time frames. This also relates to the way traders analyze the market to be traded. Many traders are still confused when reading time frames. Time frame is a collection of candles in a certain period. In the time frame there are M1, M5, M15, M30 including each minute. There are also H1, H4, D1, W1, and MN. The use of a good or profitable time frame depends on the trading style taken, short-term trading, mid-term trading or long-term trading.

Smaller time frames allow you to see market movements in detail. If you are a scalper, that is, a trader who wants good speed from the transaction process and the profit that will be obtained. Then the time frame that you can use is a small time frame.

If you want to make bigger transactions you have to switch to bigger time frames too. However, price movements can create bias in certain time frames. This movement is also known as market noise. A larger time frame allows us to read market conditions more accurately than a small time frame.

It should be noted, some trading strategies require the use of certain time frames. But what you need to remember is that we are not limited to only using one time frame. It could be maximized if you do analysis using multiple time frames.

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