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 Post subject: What is a timeframe?
PostPosted: Sun Oct 21, 2018 3:48 pm 

Joined: Sun Oct 21, 2018 3:40 pm
Posts: 7
What is a timeframe?

Every trader knows: to make money on Forex, it is necessary to determine the trends of the foreign exchange market. But how to determine the entry and exit points? Recognize earning potential and minimize risk? MaxiPartners experts recommend using the “timeframe” indicator for this.
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The timeframe is the time period of the chart used to display price movements in the foreign exchange market. Usually, the timeframe is indicated with the help of a capital Latin letter and a numerical indicator defining the period:

1, 5, 15, 30 - minute timeframes
1H, 4H, 8H - hour timeframes
D - daily timeframe
W - weekly timeframe
M - monthly timeframe

[What is a timeframe]

Risk management specialists recommend trading on long-term periods. They are considered less false, and therefore they are easier to recognize graphical models, main trend lines, as well as support or resistance levels. All this helps to determine the market position.
Correctly established timeframe will allow:
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Reduce risks
Set stop loss correctly
Determine more accurately the entry and exit from the transaction
Get more profit by risking less

If you work correctly with timeframes, you will be able to detect a greater number of market fluctuations, and therefore earn more.


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