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Which times frame and tool is the best,,

Im trading Forex from past few year,, but still im not feeling comfortable about the time frame and specific tool for day trading,,
Initially i incurred loss(all my investment) when i was trading in 1H chart
Now im using 15M & 5M chart, And my trading style is scalping, my winning ratio seems progressing,, but the problem in this chart is whipsaw, when the market is taking a sharp turn,, im will have to wait for weeks to months to close the position, since in have enough balance and my lot siz…
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DumbAsArock avatar

One tip:  If you're trading on 5 minute charts and have three losing candles in-a-row then get out unless there's a good reason to stay in the trade.

Narenraj avatar

Thank You Mr David,.

And any particular specific and more reliable technical tool ???

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Best month to trade

The summer months are the most difficult to trade, i noticed that it starts with making good trades and increasing the equity then all of a sudden, you start losing it and even end up losing more of your capital.
So i decided to look for answer to the questions bothering me, why am i losing more these days, maybe my strategy is not working anymore, well i figured out that in the summer months, you are better off not trading or just trade ranges, most trend strategy will fail because there is not…
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