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How To Trade The Higher Timeframe In Forex
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[QUOTE="moonchild, post: 305924, member: 57467"] Trading on higher timeframes has a lot advantages for both beginners and experienced traders alike. It gives you a broader view of the market and reduces the impact of noise and random price movements. If you're a beginner, starting with higher timeframes will develop your patience and discipline because it takes a while for a candle to form on 4 hour chart, all of these are qualities for successful trading. by focusing on the bigger picture and not getting caught up in every small price fluctuation, you can make more winning trades. If you are more of a scalper this may not appeal to you but if you a swinger trader then it will definitely make sense to you, personally when I started my mentor nudge us towards higher time frame but over time, I now trade on both lower and higher timeframes just depends on my mood and what the market sentiment. [/QUOTE]
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How To Trade The Higher Timeframe In Forex
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