trading on weekly forex charts
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If you trade the forex markets regularly, chances are that a lot of your trading is of the short-term variety; i. From my experience, there is one major flaw with this type of trading: h igh-speed computers and algorithms will spot these patterns faster than you ever will. When I initially started trading, my strategy was similar to that of many short-term traders. That is, analyze the technicals to decide on a long or short position or even no position in the absence of a clear trendand then wait for the all-important breakout, i. I can't tell you how many times I would open a position after a breakout, only for the price to move back in the opposite direction - with my stop loss closing me out of the trade. More often than not, the traders who make the money are those who are adept at anticipating such a breakout before it happens.

Trading on weekly forex charts acttrader forexworld

Trading on weekly forex charts

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Trading The Weekly Forex Charts Weekly Chart Analysis (TeamWithERVING)

Weekly charts allow traders to better see the larger trend picture. They offer the added edge of being less. Using Weekly Charts · Lower position size and avoid the overuse of margin. · Be selective in position choice. · Focus on the edges of long-term ranges and moving. Free trading charts for forex, major commodities and indices. Our charts are fully interactive with a full suite of technical indicators.