What is the best time frame in Forex?

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shaunna75

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The choice of time frames are wide so you need to consider some factors to know what is best for you. The most preferred Forex time frames for beginners are 1 day, 1 hour and 5 minute so they can test their feel on the trading. Each price bar represents one day showing a change on the chart will be observed once a day. New price bars will appear every hour, putting more data on the chart for analysis. A new price bar appears every 5 minutes, showing market changes fast and in greater details. If you have more time to spend on Forex trading then it would be best to use the 5 minute time frame. What time frame is best for you?
 
It is personal... a very good piece of advice that was given to me once was:

Make trading suit your life, don't make your life suit trading.

Consistency doesn't come from trading in a way that doesn't match your personality, or it making you get out of bed early to check charts. It comes from perfect synergy between you and your trading strategy.
 
For a novice trader I would recommend trading a 4 hour chart.
Your trades need to considered and anything shorter makes you act too quickly.
I would also always look at the higher time chart as well, so in this case look the the daily.
If the Market is heading down in the daily, you want to looking for only selling opportunities on the 4 hour.

Best of luck
 
I like the advice given by Club, like for instance I trade the 4h and 1day frames since I do swings, I avoid scalping coz it can be time/money consuming :D so choose what suits you :D
 
I'd agree with the 4 hour and daily timeframes. At a certain level the risk/profit ratio flattens out a great deal - I think sticking to longer timeframes is far more profitable, if not as much fun! But then the moment you trade for fun, you might as well go to a casino.
 
i agree, treat trading like business, there is more to it than just buyeing and selling :) and it is a way of living for many of us :D
 
Josee said:
It depends upon you but the the best times are before the American session when you can earn the profit with the low risk but when the american session starts than there is very risky moves.
Click to expand...

Josee

can you give us a Risky-ometer so we know when to be in or not in the market ?

N
 
The 5 minute timeframe in forex is just noise. Other markets, which are not subject to activity that isn't trading for profit, are better suited. As a trading vehicle, fx comes into play when money is moved into other markets or when those securities are sold. It also comes into play when the interest rate differential can be profitable. Other activity includes swaps however their sizes aren't likely to move the market. Government bonds are another element where fx is involved.
What I am getting at is the 5 minute timeframe is mostly messy and that you'd be better off watching these factors before you trade it or else you will likely get fooked
 
From my experience, the best trading hours are between 8am and 12 pm (EST) and the worst hours are around 3 am.
 
You can choose any time frame for Forex, its depend on you how to use it and how Make money in your selected time period.

Thanks
 
I find a number of factors needs to be considered when determining the timeframe to trade and it generally all boils down to how much time you have to trade.
I started trading FX on a daily time frame because I needed a lot of time to do my analysis (as I was still getting to grips with everything - Charting software, placing trades, understanding PA etc) plus a busy day job!

However, I have moved to an H1 as I got more comfortable with the all my tools and strategy, so I can look at the charts and quickly decide if anything is setting based on the strategy I trade - if there a trade to made, then I can place the trade and watch/manage it every hour OR as often as my day job allows.

For me a lesser timeframe will demand too much of my time which my current position does not permit. So the best timeframe is dependent on trader and his/her lifestyle
 
like it was said before, the timeframe is solely dependant on your trading style/personality. For me for example, the 4hr timeframe seems to work the best, but again, this is totally up to you, the system you are using, etc
 
Agree with most posts on this thread however, one key point I would add is to to use two TF at least. The ratio between them depending on your instrument may vary.

For example;

1. Use 4 Hr charts for direction
2. Use 1 Hr charts for timing entry and exit decisions / targets

Ratio here is 4:1.

You could equally use 1Hr:15m and so forth.

You could equally use Weekly:Daily or D:4H charts too.

You can back test and judge best outcomes for your self based on your choice of pairs.
 
now this will require some lateral thinking, but how about this ......try dispensing with TFs altogether


(apologies - it will actually force you to think like a professional trader)
 
Last edited:
For me, 1 hour time frame is the best because I am a day trader. The best time frame may be vary according to trading styles as well scalper and position traders use higher time frames.
 
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