Swing trading is very popular among Forex traders, as it is both dynamic and profitable. However, just like any other trading method out there, swing trading comes with its own ups and downs. Let’s discuss the specifics of this approach and find out which time frame is best for swing trading. Swing Trading Definition In order to succeed in Forex, each trader adopts a certain style and strategy. The strategic approach can be beneficial on several levels: it helps you to stay organized and clearly evaluate your resources and abilities...
Every Forex strategy has its share of loyal followers. But the intraday methods seem to always remain among the top traders’ choices. Let’s discover what is intraday trading in Forex and what are some of the Forex trading intraday strategies that work. What is Intraday Forex Trading The main difference between choosing to trade Forex intraday or overnight is the swap fees. Swap is an overnight interest fee that wither adds or withdraws from your account as a position gets transferred to the next day. The swaps are designed to...
What is the best time frame chart for day trading? The answer depends on your strategy, your expectations, as well as the unique conditions of each session. Let’s sum up all the factors to consider when choosing which time frame do you want. How Traders Choose a Time Frame Before you start questioning what timeframe should I use to analyze a chart, it would make sense to start by defying time frames in general. A time frame is an expression of prices over a specific period, from one minute to one month. Based on the frame you select...
When it comes to anything as complex and multi-layered as online currency trading, reading fine print should always be your priority. Sometimes the difference between a trustworthy income source and a total time-waste is hidden in a barely noticeable detail. On the one hand, it makes the job of a trader slightly harder with all the searching and digging around for the right info. On the other hand, however, taking a little extra time and really getting to the bottom of every interesting concept will serve as the ultimate guarantee of...
Did you know that the strength of a currency pair can be measured? Did you know that the obtained parameter can significantly increase the percentage of profitable trades? Many believe that the main task of a trader and the key to his successful trading is his ability to predict the market trend. As we know, the direction of the currency market is determined by the struggle of currencies. The market is moving towards a stronger currency instrument. A trader can measure the strength of currencies by using a simple Currency Strength Meter....
