Traders utilize varying time frames to speculate in the forex market. The two most common are long-term and short-term time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here:
After a trader has gained comfort on the longer-term chart, they can then look to move slightly shorter in their approach and desired holding times. This can introduce more variability into the trader’s approach, so risk and money management should be addressed before moving down to shorter time frames.is a happy medium between a long-term trading time frame and a short-term, scalping approach.
Swing traders will check the charts a couple times per day in case any big moves occur in the marketplace. This affords traders the benefit of not having to watch markets continuously while they’re trading. Once an opportunity is identified, traders place the trade with aAnother advantage of this approach is that the trader is still looking at charts often enough to seize opportunities as they exist.
Now that the trade direction has been identified, the swing trader will then diminish the time frame to four-hours to look for entry points. In the example below, there is a clear price resistance level that the swing trader will look at when entering a long trade. Once price breaks or the candle closes above the designated resistance level, traders can look to enter.
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