What is THE BEST Time-Frame for Trading Forex?!


Hello there! Now, for those of you that
have been following my channel for the last couple years or so. You have seen
that I’ve done loads of videos covering multiple topics in all areas of trading.
And I was lying in bed this morning and I was in a bit of a quandary as to what
topic I should cover in this week’s video. anyway got to my desk of you fired
up my screens and went straight into the Forex signals website I would start my
day by doing this no we start my day by going straight to the messages that have
been left overnight and to strike out to me and I want to just share them with
you now first one is from the first one is a guy I don’t know it’s a male or
female so it’s pips the way from Sweden says hi Andrew love your YouTube videos
and finally decided to take the plunge and join your community so pleased I did
I can’t wait to start first question what time frame should I start on second
one was from a guy called like pupils a guy it’s ER it’s Clive B from Australia
just says help I’ve been trading five and fifteen minute time frame for about
six months day in day out I failed to make a profit I’m losing not only my
money but also my days at the screen what should I do
well thank you Clive and pips the way for helping me solve my quandary today
because that’s what we will talk about we’ll talk about the best timeframe to
use when trading the forex market okay so as I mentioned in that short
introduction we’ve done multiple videos in the last couple of years or so
covering all aspects of the market if you haven’t already subscribed the
channel I suggest you do so that way you can access all the videos in one spot
now if you get that little bill notification also you’re going to be
notified the moment my next video has been released
don’t forget to follow us on Instagram and indeed on facebook if you follow us
on Facebook you can join me live every Monday 2 p.m. London time
why discuss trading opportunities for the week ahead in a live environment you
can interact as well ok let’s get on with it ok so before I get into this
subject let me first of all explain for those of you that are not quite sure
what I’m talking about here what a time frame means when we trading the
financial markets we generally look at charts to see what prices done in the
past to give us an idea what prices may do in the future and we’ll be looking at
charts we know we look at them in three different formats either a candlestick
chart which are something like this I’ll explain in the moment what they are
you’ve got a line chart which is basically the closing price or you might
have a bar chart which will look something like that but in the case of a
bar chart on the candlestick chart it’s basically the same each candlestick or
each bar represents a period of time so for example if we’re looking at the
daily chart using a candlestick each candlestick represents price action in
that particular time period so a candlestick will show us where the
market opened where it closed and if it closes higher than mode open it’s
normally colored blue or green it shows you the high and the low so this
candlestick this one candlestick shows us all the price action lots of
information in that one day normally runs from New York close 5:00
p.m. New York to 5:00 p.m. the next day but some brokers differ in that so again
on the candlestick here you’ve got open here the low here the close here i
should say the low here the high here that’s basically the price action in one
day but when we’re trading looking at charts we don’t have to look at just
what happened in one day we can drill-down we can drill right down to
even one minute we can drill right out to one month if you’re looking at one
month candlestick that’ll basically represent what the highs and the lows
were in that month let me explain a little bit further okay so what we’ve
got here on the board for 15-minute candles for this example so this is a
15-minute chart each one of these candles represents price action in that
15 minute time period remember green candles offer closing higher at the mode
opened and red candles are closing lower than where it opened so for this example
we’ve opened here we’ve traded up on this 15 minutes and then indeed we trade
it up again on the following 15 minutes hit this high up here okay and then we
trade it down and then the final 15 minutes we close back down here so this
is price action on each individual 15-minute but you may want to look at
just the hourly candlestick here there are 4 15 minutes that can be represented
on the hourly chart shows the exactly the same information but not so much
detail so for example we’ve opened here so you’d have them open there basically
where the open is here so that would be the open there we’ve closed lower than
where we’ve opened you see here we’ve opened and then we’ve closed lower so it
would be a red candle so the closes down here’s a cost bomb of that close and of
course we had a high up here so this hourly candle here represents the same
information that you see on the 15-minute chart but that just shows you
more detail so that begs the question do you want to be trading with much more
detail or you that bothered about all these individual price swings within
that higher time period and so that begs the question which is the best timeframe
to use now the answer to this question which timeframe to use is a bit more
complex than you may think I’m not simply able to say to you you
should be trading the 5 minute or the 1 hour or the daily ones more profitable
than the other because that’s just not the case the reason why it’s not the
case is because everyone’s personal circumstances and objectives are
different you may have a day job and you may have only limited amount of time to
Bend in front of the screens maybe less than an hour a day in which case you
know you’re looking to be trading maybe off the higher time peerage maybe in the
daily or the monthly remember when you’re trading off the daily or their
monthly the amount of trade you take over the course of the month will be a
lot less there’ll be few and far between on the other hand you may have plenty of
hours throughout the day to spend in front of the screens looking for those
opportunities you therefore may be able to take five ten fifteen twenty trades a
day often referred to of course as scalping so you’re looking to exploit
your trading edge over a large number of trades you might be looking at the
5-minute the 50 min or the hourly chart now what are your objectives very very
important you may be looking to grow an account over a long period of time to
pay for retirement perhaps or your school fees in which case you may want
to avoid all this noise of the lower time pues so you be looking at the
weekly and the monthly time poets of course the trade will be few and far
between but you’re looking to do this over a longer period of time now you may
look to trade full-time to get a monthly income in which case you need to make
regular profits on a monthly basis in which case you might be trading the
smaller or shorter time periods like the one hour the fifteen minutes and so
forth grinding out your edge over multiple trades taking a monthly income
so the four hours is a one hour and fifteen minute might be preferred the
one thing that all these objectives have in common
is the desire to make money right that’s why we’re here but for me the deciding
factor on which time frame to use comes down to one factor and that’s the
psychology side of trading now we all know that psychology plays a huge part
in trading and quite frankly it’s the bad psychology that’s the killer of most
trading accounts now trading the really short timeframes
buying and selling off the 15 minute the 5 minutes the 1 minute time period can
be very emotional seeing money go in and out of the account is emotional and
money is an emotional commodity there’s lots of noise down there and sometimes
you can get caught up in all this noise so I strongly suggest if you’re new to
trading leave all that noise to the more experienced trader
I mean trading after all has its own challenges so don’t make it even
more challenging by increasing your emotional involvement on the shorter
time poets so take a step back and trade off the high time poets the 4-hour or
the daily sure it’s not going to be as exciting is a five-minute chart but
honestly if you’re looking for excitement you’re gonna be far better
off going to say the horses or something like that and losing your money
at least then you’re gonna be with your friends having a good time far better
than sitting at home on your laptop once you’ve proved yourself and your skills
as a trader then and only then should you be looking to trade the lower time
peers this is purely my opinion and finally of course you’ve got to consider
the actual strategy itself now here signals calm we talked about and trade
live very strategies from the swing trading day strategy down to the
five-minute scalping strategy we’ve got strategies for all conditions and all
levels of trade up so make sure you check those out if you haven’t already
done so but make sure the strategy are using is optimized for that particular
time period so Clive and pips wait I hope I’ve gotten somebody to answer your
questions today Clive you’re struggling on the 5 15 minute I suggested drill
back up go back to the daily see how you get on there stop bleeding money from
the account I’m sure you’ll find that worth while endeavour and pips await
your new trading so welcome to the room I suggest you start by looking at the
daily see how you get on there and then we can discuss moving down to the
intraday time periods should you have some success there as always if you’ve
enjoyed the video today give me a thumbs up if you haven’t give me a thumbs down
don’t forget to leave a comment I get back to it as many as I can to forget to
subscribe the channel if you haven’t already done so and that bail
notification highlights when I release my next video follow us on Instagram and
of course Facebook if you follow us on Facebook I’ll see you on Monday
2 p.m. at London time where we trade and review the markets for the week ahead
happy trading and good luck

68 Replies to “What is THE BEST Time-Frame for Trading Forex?!”

  1. Hi Andrew i would prefer shorter time frames just because it offers shorter stop loss levels and better Risk to Ratio levels

  2. Thank you for this video. Very informative sir. Could you make a video on how to choose the "right" broker? Maybe a guide or any information that could help retail traders avoid brokers that trade against their clients.

  3. Could i know how much you earn a month or a year ? 6 , 7 or 8 figure income ? if you don't want to answer , by how much you multiplied your income when you started trading and when you are trading now ? sorry my english is not that good

  4. Do you suggest us to buy Options contracts for risk management? I think; Options contracts are better than stop-lost!

  5. Nice job again Andrew very informative I have to say, being part of Forex Signals is a must for everyone wanting to get into trading, best decision ever excellent stuff.

  6. 1 hr and 4 hrs is my favorite . if you understand candles and patterns any time frame is good. but for beginner 4 hrs and daily chart

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  8. Good day Andrew my name is samson and am from Nigeria, am interested in registering with you guys,am really really want to do so, but I want to discuss something with you privately first,need some understanding

  9. Hurley Jordan trading system helps me earn 10,000USD in every 7 day trading activity, because it accurately predicts the price movement

  10. I trade daily and weekly charts. Shorter timeframes are too stressful for me. Unless if the market is ranging for weeks I would go down to 4hr.

  11. Top down analysis is how you trade timeframes targets on higher time Frames and buy or sell on lower time frames and watching for support and resistance on lower time frames to get out and back in to trades

  12. Best thing to do is look at the daily to see were the markets is to sell or buy and then look at the 4 hr to see how much you can make in a week or 2

  13. I´d say there is no such thing as "the best time-frame" for trading forex! It all depens on your trading strategy, how big/small your trading account is and how big a risk you´re taking every trade. I mean having a SL of 15 pips in the one hour frame is pretty useless (since 15 pips in that frame is basically nothing) while it´s doable in the 5 min chart. With this said, I´d also say that it all has to do with what kind of forex pair you´re trading. They´re all like kids with different diagnoses like ADD, ADHD, bipolar etc etc. For that reason you can´t really apply the same trading strategy or choosing the same time frame for every forex pair.

  14. The market works the same on all timeframes. The only reason these guys tell you to trade the higher timeframes is that it takes you longer to work out that their strategies don't work. If you really want to learn how to trade take a look at http://www.priceactionforextrading.co.uk/

  15. hello , can you define the number of trades that can be done in a week for different time frames of 1min, 5min, 30 min, 1hr , 4hr and daily ?

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  17. Thanks. Good video.
    What's your view on leveraged trading with higher TF? If you recommend 1D, then a lot of people will get liquidated within the day, based on default leverage provided by brokers e.g. 30:1.

  18. There are pros and cons in trading the shorter time frames (15mins, 5mins, 1min). The pros is that you can ride the wave if the chart is moving sideways in the hourly chart. There seems to be nothing happening in the hourly chart but the lower time frames show that the candlesticks are actually moving up and down in a channel. You could be profitable in the lower time frames while the hourly chart says there is nothing to see here.

    The cons is that when the chart is trending, you might not be able to maximize the profit because you went out of the trade too early.

    The solution is, trade the lower time frame if the chart looks flat in the hourly chart but trade the longer time frames if the chart is trending.

  19. Trading without any form of experience is the mistake most traders make. Quit looking for get rich quick schemes and learn trading with an acclaimed mentor. I have been trading for about 2 years now under the mentoring of Mr
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  20. Thanks to who ever posted about Mr Greg.I never regretted Contacting him he is the best thing that ever happened to my trading and financial life. He's trading system is a life changer. I recommend him to every trader reading this. gregcalos76 @ gmail. com

  21. I think if you take 50or above 50 levarage, trade in 1hour chart or confirm with 4 hour,

    If use levarage 10 to 20 time can look 1day chart a

  22. your personal opinion solved my question! thanks, I hate those video which just said trading in all time-frame are all good without telling the pros and cons.

  23. I can never find any signs which are not wrong and i cant afford a large amount of money for signals that might work ca someone tell me someone will give me signals that will be in the right direction as no money left i will need a trial from you and if yours work i will tell every one i know

  24. How can u learn anything by placing 1 or 2 trades a day and waiting 3+ days to see if ur strategy worked? You could be in profit for a week and then ur trade turns and u lose or break even! What will that tell u about ur strategy?

  25. Shorter time frames are usually for scalpers however new traders should consider trading on longer frames in start in order to have better idea of the market.

  26. Hello, can you please tell me what is the best website for forex news?im new to trading and don't just want to read candle sticks. Looking for a wedite that will give me the best global news.

  27. In trading, especially in Daytrading which Moving averages and Timeframes does the Smart Money use and check?

  28. Thank you so much Andrew. People hate realism me included ,I am new to trading and because of your honesty I subscribed to this channel.

  29. You know the strategy where you view high time frames and then whatever the last candle color was on that you trade in the same direction on a lower frame? Well if the market did actually go in the same direction on low frames as high and most people used the same direction strategy then how could the higher time frames ever change direction? The direction starts at the lowest frame and gradually spreads upward. Logic suggests that you could more accurately predict higher frames based on the general consensus of all the lower frames than the other way around. Maybe that's why most traders lose day in day out. On the 1 minute you can just look at the last 24 hours worth and easily see the price trend of the day, last few hours, whatever you're interested in. I would just take note of the current market being bullish or bearish overall and base my trading bias on that while using the 1 minute for actual entry/exit cues.

  30. Thanks for share this kind the information, very clear your point of view, at the end is just Scalping vs Swing strategy, pros and cons. and the capital required is an important ítem…..
    .

  31. Every timeframe shows a different story. The higher timeframe H4 seems to be a good medium for me but like he says, it really depends

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