Well, most of the traders know that price changes with change in time. Hence, time is an important factor. There are several periods of time based on which analytical skills of traders can be applied in order to achieve maximum profits. There are many Time Frames, presented in most platforms offered by today`s brokers, so that the client is completely satisfied. The most popular forex trading platform is MT4 which offers the Time Frames below:
M1 | M5 | M15 | M30 | H1 | H4 | D1 | WK1 | MN1
Out of the periods mentioned above, M1 and M5 are mostly used by scalpers who want to always be active with some trade floating their equity. The M15 and M30 are preferred by short term traders who intend to make about 50-100 pips from each trade. The H1 and H4 are used by medium term traders who would project profits in 100-500 pips per trade. The D1, WK1 and MN1 are massive time frames mostly popular among big financial institutions and even some hedge funds and of course some long term traders out of a general audience.
I usually trade the M15 and M30 looking at H4 chart for the bigger trend.
Feel free to comment your thoughts!
M1 | M5 | M15 | M30 | H1 | H4 | D1 | WK1 | MN1
Out of the periods mentioned above, M1 and M5 are mostly used by scalpers who want to always be active with some trade floating their equity. The M15 and M30 are preferred by short term traders who intend to make about 50-100 pips from each trade. The H1 and H4 are used by medium term traders who would project profits in 100-500 pips per trade. The D1, WK1 and MN1 are massive time frames mostly popular among big financial institutions and even some hedge funds and of course some long term traders out of a general audience.
I usually trade the M15 and M30 looking at H4 chart for the bigger trend.
Feel free to comment your thoughts!
Comment