Hello all, what do you recommend or advise as the best time frame to use on a chart when day trading, in particular forex? Thanks. Tanyol.
Depends on your strategy. I use Heikin Ashi candles to follow the trend. Minimum timeframe is 1H or 4H. But you are not day trading, because you leave positions open overnight.
Since scalping isn’t allowed with CFDs, I would not trade on shorter time frames, since currency pairs don’t move that fast on a day. (some do, but the spread is pretty wide)
Hiya what’s scalping? A buy and a sell?