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How To Trade The Higher Timeframe In Forex
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[QUOTE="marym, post: 305055, member: 97350"] It is true that higher timeframes can offer more stable price action and accurate data for traders. While it may be tempting for beginner traders to focus on lower timeframes for more frequent trading opportunities, higher timeframes can provide a more reliable and long-term approach to trading. When trading on higher timeframes, it is important to be patient and wait for setups to form, which can take several hours or even days. Once a setup is identified, traders can move to lower timeframes to enter trades with strategic stop losses. It's important to have sufficient account funds to withstand drawdowns, which can last for hours in higher timeframe trades. Traders should also learn to adjust their stop losses as the trade progresses in their favor to secure profits in case of a reversal. Overall, adopting a higher timeframe approach requires discipline and patience, but can offer more stable and reliable trading opportunities. Traders should always keep learning and adapting their strategies to the market conditions, and leave feedback to help others in the community. [/QUOTE]
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How To Trade The Higher Timeframe In Forex
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