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Forex
Different Timeframe In Forex
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[QUOTE="Setho, post: 229014, member: 29023"] Technical analysis is one of the most exciting things about the forex market and you can be able to learn a lot of things about the market by simply just following it . Time frames is usually used mostly when trying to interpret the candlestick pattern . For example if you are trading day for hourly time frame it means that it has actually taken 4 hours for one of the candles to form . Time frames are actually very important in trading because it can be able to give you a technical perspective of how price have moved around the region so that you can be able to compare it with historical data . This has become necessary because there is usually two types of trading behaviour between people who are trading the financial markets. There are people who love to see things on a shorter perspective and this kind of people usually trade the intraday time frame such as the four hourly time frame and the two hour time frame. This kind of people are also known as scalpers. There are also a group of people who love to be swing traders and they usually monitor high time frames like the daily time frame or the weekly time frame or the monthly time zone. [/QUOTE]
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