Forex Trading requires a lot of analysis, market prediction, and timely decisions to make profits. But we make many mistakes here and lose our money with the wrong prediction. In Trading Multiple Timeframe, we can do the analysis better and increase the chance of making a profit.
In Multiple Timeframes, we can identify both higher and lower timeframes; that is the time we have to ensure for trading. Or, there is no chance for profit from Forex. So, I will here explain how you will use the timeframes to secure your capital and do trading.
The process may sound complex, but I will explain it to you.
In Multiple Timeframes, we must find the right higher and lower timeframe to do our trading. Here 4 and 6 are the numbers to find the right point. If we have an entry point of 5 minutes, then by multiplying with 4, we have a lower timeframe of 20 minutes. Similarly, we multiply 5 minutes by 6 to find the higher timeframe, which is 30 minutes. So, we have to do trading for between 20-30 minutes.
The most important thing is that you should not trade with only one timeframe, try multiple timeframes to predict the market trend. The reason for this is that when we use one timeframe, we cannot make sure if we are trading in the right timeframe or not.
Besides, we can trade with multiple timeframes, but it is better to trade with multiple timeframes because it is more secure. We identify the multiple timeframes to find the lower and higher timeframe for easy assessment.
Understanding the Multiple Timeframe trading process requires two things-
For hourly charts, you should look at the higher and lower timeframes.
I will tell you hereafter to look at the pricing trends to make the right move.
Also, when we talk about timeframes, we can divide them into two different types than before.
When we use a longer timeframe, we can see the bigger picture, giving us more details.
When we want to use the Timeframe method for day trading, we should do it between 9.30 am to 10.30 am. But why? It is the opening hour, and the market has more liquidity. At this time, the market goes very high or very low, that we can use for make a sell to ensure profit.
If you buy or sell at the opening hour, you have to wait until the market goes down or up, so you lose your opportunity to make money. You have to wait until the market is stable, be sure about the price prediction and then you can make a sell or buy.
The process is very simple; you can do it anytime in the morning when the price fluctuates. You must set a stop loss point and proceed.
If you want to use the Timeframe method to do Scalping in Forex, you need to focus on the right time. It can be from one minute to fifteen minutes, but scalpers love doing it between one and two minutes. It works better, but we must choose a highly liquid currency pair to ensure the profit.
In contrast, if you are trading the currency pairs that have been created by the exchange itself, it is not necessary to be very accurate. The best way to trade with this type of pair is to choose a low volume time frame.
For better understanding, check the below chart. The timeframe is the time of the day when we are trading. There are three different timeframes:
Technically speaking, in Forex, we have our eyes on the right time for trading and making a profit.
For example, if you are using the 15-minute timeframe and find a good buy opportunity, then it’s better to take the risk of buying at that moment because it’s possible to make more money from the trade.
It is essential to know the market price trends before starting to trade. The first thing we need to do is to check the market condition and see if it is suitable for us.
I have discussed Trading in Multiple Timeframes with some examples and real scenarios. If you have got it properly, this is an excellent technique to apply for Day trading and Scalping. So now we have realized that the perfect timeframe will give you access to market price trends, and you can make your move to ensure profit.
Forex Trading requires a lot of analysis, market prediction, and timely decisions to make profits. But we make many mistakes here and lose our money with the wrong prediction. In Trading Multiple Timeframe, we can do the analysis better and increase the chance of making a profit.
In Multiple Timeframes, we can identify both higher and lower timeframes; that is the time we have to ensure for trading. Or, there is no chance for profit from Forex. So, I will here explain how you will use the timeframes to secure your capital and do trading.
The process may sound complex, but I will explain it to you.
In Multiple Timeframes, we must find the right higher and lower timeframe to do our trading. Here 4 and 6 are the numbers to find the right point. If we have an entry point of 5 minutes, then by multiplying with 4, we have a lower timeframe of 20 minutes. Similarly, we multiply 5 minutes by 6 to find the higher timeframe, which is 30 minutes. So, we have to do trading for between 20-30 minutes.
The most important thing is that you should not trade with only one timeframe, try multiple timeframes to predict the market trend. The reason for this is that when we use one timeframe, we cannot make sure if we are trading in the right timeframe or not.
Besides, we can trade with multiple timeframes, but it is better to trade with multiple timeframes because it is more secure. We identify the multiple timeframes to find the lower and higher timeframe for easy assessment.
Understanding the Multiple Timeframe trading process requires two things-
For hourly charts, you should look at the higher and lower timeframes.
I will tell you hereafter to look at the pricing trends to make the right move.
Also, when we talk about timeframes, we can divide them into two different types than before.
When we use a longer timeframe, we can see the bigger picture, giving us more details.
When we want to use the Timeframe method for day trading, we should do it between 9.30 am to 10.30 am. But why? It is the opening hour, and the market has more liquidity. At this time, the market goes very high or very low, that we can use for make a sell to ensure profit.
If you buy or sell at the opening hour, you have to wait until the market goes down or up, so you lose your opportunity to make money. You have to wait until the market is stable, be sure about the price prediction and then you can make a sell or buy.
The process is very simple; you can do it anytime in the morning when the price fluctuates. You must set a stop loss point and proceed.
If you want to use the Timeframe method to do Scalping in Forex, you need to focus on the right time. It can be from one minute to fifteen minutes, but scalpers love doing it between one and two minutes. It works better, but we must choose a highly liquid currency pair to ensure the profit.
In contrast, if you are trading the currency pairs that have been created by the exchange itself, it is not necessary to be very accurate. The best way to trade with this type of pair is to choose a low volume time frame.
For better understanding, check the below chart. The timeframe is the time of the day when we are trading. There are three different timeframes:
Technically speaking, in Forex, we have our eyes on the right time for trading and making a profit.
For example, if you are using the 15-minute timeframe and find a good buy opportunity, then it’s better to take the risk of buying at that moment because it’s possible to make more money from the trade.
It is essential to know the market price trends before starting to trade. The first thing we need to do is to check the market condition and see if it is suitable for us.
I have discussed Trading in Multiple Timeframes with some examples and real scenarios. If you have got it properly, this is an excellent technique to apply for Day trading and Scalping. So now we have realized that the perfect timeframe will give you access to market price trends, and you can make your move to ensure profit.
# | Forex Broker | Year | Status | For | Against | Type | Regulation | Leverage | Account | Advisors | ||
1 | OctaFX | 2011 | 41% | 3% | ECN/STD | SVGFSA, CySEC, FCA, SVG | 1:1000* | 10 | Yes | |||
---|---|---|---|---|---|---|---|---|---|---|---|---|
2 | ATFX | 2017 | 35% | 3% | Broker/NDD | FCA, CySEC, FSCA | 1:400* | 100 | Yes | |||
3 | IEXS | 2023 | 20% | 6% | ECN/STP | ASIC, FCA | Up to 1:500 | 100 | Yes | |||
4 | Uniglobe markets | 2015 | 20% | 3% | ECN/STP | Yes | Up to 1:500 | 100 | Yes | |||
5 | Youhodler | 2018 | 20% | 2% | Exchange | EU (Swiss) licensed | Up to 1:500 | 100 | Yes | |||
6 | TradeEU | 2023 | 18% | 4% | CFDs | CySEC | 1:300* | 100 | Yes | |||
7 | RoboForex | 2009 | 16% | 4% | ECN/STD | FSC, Number 000138/333 | 1:2000* | 10 | Yes | |||
8 | Axiory | 2011 | 15% | 5% | Broker, NDD | IFSC, FSC, FCA (UK) | 1:777* | 10 | Yes | |||
9 | FBS | 2009 | 13% | 4% | ECN/STD | IFSC, CySEC, ASIC, FSCA | 1:3000* | 100 | Yes | |||
10 | WAYSTRADE | 2015 | 13% | 6% | ECN/STP | No | 1:400* | 100 | Yes | |||
11 | World Forex | 2015 | 12% | 10% | ECN/STP | FSP | Up to 1:400 | 100 | Yes | |||
12 | RaiseFX | 2022 | 11% | 6% | ECN/STP | (FSP 50455) | Up to 1:500 | 100 | Yes | |||
13 | Yamarkets | 2018 | 11% | 2% | ECN/STD | VFSC, MISA, | 1:1000* | 100 | Yes | |||
14 | AdroFx | 2018 | 10% | 5% | ECN/STD | VFSC, FSRA, FSA | 1:500* | 100 | Yes | |||
15 | InstaForex | 2007 | 9% | 2% | ECN/STD | BVI FSC, CySec | 1:1000* | 1 | Yes |