Three Warning Signs in Financial Reports Time is a Friend

Time Frames in the Forex Market

Always take a look at the time frame bigger than the one you've chosen to trade in. It gives the bigger picture of market price movements and so helps to clearly define the trend. For example, when trading in 15 minute time frames, take a look at 1 hour charts; trading hourly would require obtaining a picture of daily, weekly price movements. If a trend is hard to spot — choose a bigger time frame. Up and down market patterns are always present. Always make sure you know the dominant trend, unless you are a scalper. Scalpers have no need to spend their time studying big trends, what's happening in the market here and now (during 5-10 minute time frame) should be the only important aspect to a forex scalper.

More by Jeff Boyd Authors & Publishers Inc.

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