Time Frame and Timing
One of the most important factors in trading, which all traders should take into account, is timing.
You should always define a time-frame for a trade before placing an order.
This will also protect you from making impulsive decisions, which may lead to unpredictable losses.
Having the above in mind, time is what makes a good trade different from a bad trade since it may help you to determine the rules for your trading strategy.
Open a demo account with IronFX and enjoy instant executions.
Use of Different Time Frames
Monitoring different time frames is very important when analyzing the market trends.
You can switch the time frames with one click on any trading platforms, to see new market trends (such as support and resistance) in different time frames.
A bull market trend maybe showing bear trend in another time frame.
Analyze multiple time frames to monitor the market trends and invest wisely.