What is a forex time frame?
It is a period of time, in which you will trade, and time of one candle (bar) on the chart. If you’re asking this, it means you don’t have trading experience yet. New currency profiteers should have a clear understanding what are time frames in trading.
What time frame should you trade? An experienced trader can use any time frame he likes; as opposed to beginners, experienced traders may choose very short periods as well as long-term trade, as long-term forecasting requires experience.
Beginners' optimal trade is at large intervals. You may choose any interval, but do not forget about the trend.
As for the stop losses, they can be reduced by reducing the volume of operated transactions. This is possible, if, when opening a forex account, a trader gives preference to a micro account, and best is that he decides for a cent account. In such case, the deposit figure is increased by double zero, whereas a lot amount is decreased a hundred times. This gives an opportunity of trading on the big intervals without a crash risk. Thus, a newbie can sharpen their skills and learn to trade.
At present almost all the brokers and the dealing centers offer opening such an account; to determine, which forex company to choose, you can refer to a forex brokers rating. A rating is composed by both professional analytics who take all the aspects of a company’s activities into consideration as well as regular traders who evaluate quality of support and services offered to them.
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