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.

The currency exchange market can be both forecastable and unpredictable. Even after spending hours developing a foolproof strategy a trader can make a move that will cause him to lose. There is no magic formula or a ritual to know for sure what is going to happen next. However, with that said, there are some tendencies in the market that can be used to the trader’s advantage. They can vary from the different aspects of market analysis to the exact time when the trade will take place. Let’s talk about the best days and times to trade Forex.

Traders, especially those starting out are often looking for forex strategies that will extend the scope of the things they can do from their trading platform.

Today the foreign exchange market also known as Forex provides traders with some advantages absent from the stock market, so it is worthwhile for them to learn a bit more about the biggest financial market in the world. Day Trading is simply the name given to any type of Forex trade which is executed on any one given day of the week on which the expiry time of that trade is on the very same day.

Day trading is another short term trading style, but unlike scalping, you are typically only taking one trade a day and closing it out when the day is over. Day trading are suited for forex traders that have enough time throughout the day to analyze, execute and monitor a trade. If you think scalping is too fast but swing trading is a bit slow for your taste, then day trading might be for you.