5 minute chart is a popular one. EUR/USD would be a good one to start onWhich time frame is best for scalping, and which currency would be suitable for it?
5 minute chart is a popular one. EUR/USD would be a good one to start on
I think it will depend on your style, for a short-term trading plan use H1 band M15 already a good timeframe to make forex trading decisions, but swing trading will use at least a daily timeframe.Which time frame would be best for beginners and newbies to trade using the EURUSD currency pairs?
Definetely. The main thing in my opinion is a proper analysis on each timeframe which you consider as your main timeframe. If we speak about trend trainding there is no actually differences which timeframe the trader pick, because the trend movement is being saved at every timeframe. If we see that trend on H4 is bullish (and there are no patterns like double top or other which can point that the trend will be reversed), then on M5 it also is bullish, thus it doesn't matter. Otherwise, if we speak about other strategies then the conclusion which timeframe is the best is only achievable in case of practicing on demo.you have to always make your analysis on multiple timeframes