Forex time frames / What are the best timeframes?

Forex time frames / What are the best timeframes?

Utilizing different forex time frames, for both the novice and advanced forex traders, is a very important concept.
Both the higher and the lower timeframes are important.
We often find the momentum on the higher timeframes, and we use the lower timeframes for entries.
As mentioned, the higher timeframe gives a picture of the overall trend of that specific day and or week.
But also the lower Forex time frames on the other hand are also very important to have the right risk reward and form of entries within that specific trading day.

The main Forex time frames.

Forex timeframes are often classified as long medium and short term timeframes.
So these three timeframes are crucial to understand, the higher timeframes such as the weekly daily 4h to identify the overal trend, and the lower forex time frames to identify potential within this price range trade setup.

See below a good example of a higher timeframe 4h supply zone & a lower timeframe entry m30.

Forex time frames

Forex time frames

Use a timeframe that matches your strategy!

Are you a swing trader?
Then you will use the higher timeframes more often and you will switch between a weekly down to a 4h base for entries.

If you are a day trader or scalper?
You will often use the lower timeframes, of course you respect the higher timeframe momentum and trends, but all your focus is on short moves that is what a scalper / day trader does.

You can think of the hour m30 m15 and some traders even use the m5 to m1 for their perfect entry timeframe.

What Forex timeframe should be traded?

As mentioned above in the previous topic, it is important to understand what kind of trader you are.
Are you a Swing trader? Or maby an intra day trader?
A day trader or maby a scalper?

Of course you can best answer this question for yourself and you can choose in which timeframes you will use.

I myself mainly scalp day trade and use a combination of a number of important timeframes.
Like the weekly daily 4h for everywhere direction or that specific day and or week, in terms of highs lows we see that the big institutions are really anticipating this and this the bias for that week or day.

And the lower timeframe within these highs lows of higher timeframe applicable to lower timeframes supply & demand zones.

You can see below a nice example from a higher timeframe low structure change in buyers direction into a few great supply zones on poundyen gbpjy.

Forex time frames

Forex time frames

Finally click here to see my blog about how to trade gbpjpy.

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Forex time frames

What time is the best time to trade forex?

What time is the best time to trade forex?

What time is the best time to trade forex?

What time is the best time to trade forex?

While the Forex Trading market is open 24 hrs a day.
There are a couple of hours known to be the good times to trade forex.
And a Forex trader needs to define such times to maximize the potential profit.
The forex market is indeed available 24 hrs a day.
But that doesn’t mean that the market is effective and worth trading all day long.
The thought is to trade when the market is most unstable.
Because liquidity means a market moves, and money is made when the markets move.
Not when the market is calm and quiet.

Currency Markets

Since currency markets follow the sun as markets open and close.
Market sentiment shifts and if your goal is to be a day-trading forex.
These are the most critical times of the day.
The globe has several trade centres.
Just to name a few of the big ones in Sydney, Tokyo, Frankfurt, Hong Kong, London and New York.
That we’re starting down.
By far the most significant of these with references to trading forex are London, and New York.

Due to the normal rotation of the earth across the sun, Tokyo is the first financial hub to open for the day.
Then London opens 6-7 hrs later and eventually, New York is the last market to open for the day.
During these periods the volumes for forex trading are swelling massively.
When the forex trading is more active, the market should have more liquidity.
Higher liquidity means slippage is less likely, orders are more likely to be filled out.
And currency pair spreads are lowered.
These tend to be good times for trade.

What time is the best time to trade forex?

While most traders favor to work simply during their regular waking hrs or business hrs.
Some traders may favor to adjust their operating hours based on the currency pairs they want to trade the most.
For example , a person specifically interested in trading in the Japanese Yen might not be able to experience the same level of liquidity.
And information flow during the trading session in New York as they would see during the Asian trading session.
When huge Japanese banks compete for forex business, and Japan publishes its main economic data.

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