Weekly Time Frame Forex Trading
Time will be one of the most important variables all traders will need to think about. in fact, your preferred trading time frame will directly affect which trading strategies and indicators will be most effective for you. while some traders want to hold positions for many periods in a row, others (such as day traders) will hold their positions for very short periods of time. A weekly trading system is likely to produce better results. forex trading is ultimately about trading with the trend or momentum, and using specific technical indicators on a weekly chart can help you stay on top of the direction of momentum and not get caught up in trading on minor shifts within the bigger trend. Timeframes: weekly or monthly. currency pairs: any. forex indicators: none. why larger time frame trading setups matter. if you take a step back and switch to your monthly or weekly timeframe charts, you will notice the bigger trends that have moved for thousands of pips. However, for intraday purposes...