What Is The Best Time Frame To Trade When Forex Trading?

This is a question many new Forex traders ask, but the answer is not as simple as the question.

The best time frame to trade when Forex trading can be down to what each trader is comfortable with.

What Is The Best Time Frame To Trade When Forex TradingIf you know how to trade Forex correctly you can trade any time frame, from the 1 minute chart, up to the monthly chart. My preferred time frame is the 15 minute chart, but a lot of price action Forex traders like to trade the higher time frame charts, 4 hour and daily mainly, and 1 hour occasionally.

There are pros and cons to every time time frame. For example, your stops and your profit targets will be much bigger on the higher time frames, and the trades will take longer to set up. You can sometimes wait a few days for a set up on a 4 hour time frame, but the same set up on a 5 min chart will come around many times throughout the day. The smaller time frames are more profitable in my opinion, as you can take more trades, and your stops are much tighter.

How reliable are the set ups on the smaller time frame charts?

The price action strategies i teach work on any time frame chart, but a lot of Forex traders only trade the higher time frame charts, as they think that the set ups are less reliable on the smaller time frames. This is a myth, if you are trading advanced price action, the way i teach you to trade, you can trade on any time frame, and the set ups are just as reliable.

The only thing you have to be aware of when trading the smaller time frame charts, is high impact news. If you are trading 4 hour and daily charts, then a news announcement will be less of a problem to a trade on that time frame, but on a 1 minute, or a 5 minute trade, you will more than likely get stopped out by a news announcement.

So if you are trading the lower time frame charts, do not trade them when news is imminent. I have an economic calendar on the home page of the site, which shows the latest news announcements for each country, and their potential impact on Forex prices. If you bookmark the page you can come back throughout the day to check on what news is coming up.

Can your price action training course teach me how to trade the smaller time frame charts.

Yes if that is what you want to do. My Forex training course will teach you how to trade any currency pair, on any time frame, at any time of the day or night.

Any professional Forex trader worth his salt should be able to trade any time frame. If you are paying good money for Forex training then you should get what you pay for.

successful tradersAll my students agree that what i teach, is worth far more than what i am charging for it, but i have to be realistic with my pricing. I try to make my training course affordable to the majority of successful people, that wish to learn Forex trading.

I am not really interested in teaching my stuff to the world. I am just looking for a select group of traders that can all trade together, and help each other achieve their trading goals. Forex trading is not an easy job, but if you have a good support network around you, you will do very well indeed.

So if you are serious about learning to trade Forex, and you wish to be part of my group of successful traders, please give me a call or drop me an email. I currently have 2 spots available for my one to one training and mentoring program. When they are sold out i will not be taking on any new students until August or September 2013 at the earliest. My Forex training course is sold on a first come first served basis.

Can You Make Money Day Trading Forex?

Day Trading ForexCan you make money day trading Forex?

This is a question that has a very simple answer as far as i am concerned. And its a big fat YES.

There are many well respected Forex traders that say the Forex markets are too volatile, and its impossible to make money consistently from day trading Forex, and you should trade the higher time frames, daily, weekly, and monthly charts, if you want to be successful.

What a load of rubbish. If you are a good trader you can trade any time frame from the 1 minute chart right up to up to the monthly.

People that say you cannot make money day trading Forex, don’t know how to trade, its as simple as that.

My preferred time frame is the 15 minute chart, but i can trade the 5 minute and the 1 minute chart very successfully. I can also trade h1, h4, and daily. I can basically trade anything, and anyone that tells you its not possible to trade the smaller time frames is just a poor trader.

Day trading Forex is what i do. I am a professional Forex day trader and i make 1000s of pips every month day trading the 15 minute time frame. Why do i trade the 15 minute time frame? because that is the most profitable time frame to trade.

Trading daily and weekly time frames? You must be crazy.

When you are trading daily and weekly time frames you have to wait so long for a set up, and your stop loss is so big, its just not worth the hassle to be honest. I take 2 to 3 high probability trades every day. I make my money, and i get on with my life. I am not going to wait for 2 weeks for a set up on the larger time frame chart, and have a 100 pip stop. Whats the point? If you are a great Forex trader, you should be able to trade any time frame.

Yes, but trading the smaller time frames is too stressful? Rubbish.

Take The Stress Out Of Day Trading ForexSome traders say trading the smaller time frames is too stressful. Yes it is if you do not know what you are doing, and you get into a trade and it goes 30 pips in the red. Yes i agree, that is very stressful, that is why my entries are very cleverly worked out in advance, and i enter the market with precision, so my trades go into profit very quickly, which takes the stress out of trading. A lot of my trades are over in less than 30 minutes. I get in, i take my pips, and i get out. That’s not stressful, that’s just great trading.

So yes you can make money day trading Forex, and anyone that tells you otherwise, just doesn’t know how to trade. For more information on how you can learn to day trade Forex, please consider my Forex trading course.

Stop Press. One of my students made 87 pips today off 2 trades, after just 5 weeks of training with me. Stop wasting your time with the 95%, and get into the 5%. Supercharge your trading, and change your life. 🙂