Q. “Hi Timon, I'm looking at trading next year from fresh. To cut a long story short, I have finally found a trading system that delivers profits over time and now I'm just collecting data…
Do you have any trading goals that you look at, so I know I'm on the right page for 2020?”
A. The only way to set and prepare your trading goals, is by basing your results on a proven bac... ››› more
When you're looking for trades, the timeframes you use on charts makes a big difference.
It all depends on the type of trader you are. If you want to be in and out trades within hours, smaller timeframes are for you. If you want to be in trades for longer, then higher timeframes will suit you better.
Let's look at using timeframes with a trade…
How to use timeframes when trading
... ››› more
Using the right charts can be half the battle when it comes to trading. And using these charts over the right timeframe is also crucial.
A great tool to use is candlesticks on your charts. They can tell you so much.
Let's take a closer look…
What candlesticks tell you
With many trading platforms, the default for charts is candlesticks. You may also find it defaults to a da... ››› more
If you want to start trading the stock market, one important thing you need to decide before you begin is your trading timeframe.
Knowing this will help you decide what strategies are best for you and how much time you need to devote to trading.
So what types of trading timeframes are there?
Let's take a closer look…
Trading timeframe #1: Day trading
A day trader is in and out ... ››› more
There are a wide variety of different forex traders who follow different forex trading strategies.
Some of these traders may get in and out of trades within an hour or two, whereas others may stay in a trade for a few weeks or more.
Depending on your forex trading strategy and the style of trading you follow, you'll concentrate on different timeframes on the charts you use.
So what's the ... ››› more
When you decide to trade, one of the first things you'll need to consider is what timeframe you'll trade over.
Are you better suited to very short-term or intraday trading? Or is a longer timeframe more your thing?
So how can you work out what timeframe suits your style of trading best?
Read on to find out…
How to work out the best trading timeframe for you
To work out the trad... ››› more
Using charts can be a great way to unearth potential forex trades. And you can use charts to see what's going on in the market.
If you want to see what's going on in the overall market and the current market trend, use larger timeframes.
But when it comes to finding trades, you need to zoom in and use shorter timeframes.
So how can you do this?
Read on to find out…
How to use s... ››› more
Charting is a great way to unearth winning forex trades. Using a number of different strategies you can find potential trades.
But whatever you do, don't forget the importance of timeframes. Looking at the trends emerging in the market using different timeframes is vital.
So why are timeframes so important when it comes to profitable forex trading? And what can you tell from higher timeframe... ››› more
When you're looking for your next forex trade, it's important to make use of the different timeframes you have available to you.
Before you start honing in on a new trade, you need to check the overall market trend. It's best to do this from a higher timeframe and slowly zoom in. This will give you the best picture of what's going on with a currency pair.
To look for potential trades, you ne... ››› more
The timeframe you use when looking at your forex trading charts is of the upmost importance.
The different timeframes you should concentrate on depend on the forex trading strategy that you're following. But that doesn't mean you should ignore other timeframes.
So why should you care about which timeframe you're using when you're trading forex?
Read on to find out…
You should use ... ››› more
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