Best time frame.
One of the main points when trading forex is the time frame; discussions have always arisen among traders on which time
frame is better to trade.
First of all, it should be noted that it is not the time frame itself that is more important, but the duration of the transactions, and what tab your terminal is open on is more important for analyzing and tracking the market.
Therefore, when making a choice, first of all, you should decide on your financial capabilities and the immediate goals that you set.
1. If you urgently need money and want to earn it using high leverage, there is only one way out - to trade using scalping, and these are short-term transactions from 1 to 15 minutes.
It is clear that in this case you will control your positions on such time frames as M1, M5 and M15.
2. For traders whose choice was Intraday trading, it is better to use H1, the hourly period is the best choice for intraday transactions.
In fact, this is the best option, in which you can still use sufficient leverage and do not need to risk transferring positions to the next day.
Usually transactions here last for several hours, and the trading itself is more relaxed than scalping. 3. If you have a large amount of money and you want to reduce the risk of margin trading to a minimum, trade only with your own funds or with minimal leverage using long-term transactions.
The technical capabilities of brokers in most cases rarely allow maintaining transactions for more than one to two months, so in such a situation D1 is more suitable; this time frame allows you to more accurately track daily price dynamics and the main trend of the market.
More demanding traders are recommended to use the MetaTrader 5 trading terminal; the number of time frames here is much larger than in MetaTrader 4, which makes trading more detailed.
When choosing the best time frame, you should not always stop at one time period; you can perfectly combine long-term and medium-term transactions to catch the most profitable trends. trade the ruble in short-term periods .