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Fast, Easy nothern finance forex Safe Money Transfer. No bank account needed for amount up to Rs. Now we can send cash anywhere in India within seconds. Money Transfer Service is available in all our branches spread across the country. This is a guide that tells you, in simple understandable language, how to choose the right charts, read them correctly, and act effectively in the market from what you see on them. The first step was to pick a single time frame. By this time, I had been trading Forex for about 6 months so I knew my way around the markets.
I quickly learned that smaller time frame charts are hard to analyse because they are erratic and prone to random movements. I decided to jump up to the 4 hour charts and I haven’t looked back since. I strongly believe that every trader should trade on hourly charts or above. The point is not so much what timeframe I traded it’s the fact that I picked a single time frame, and stuck to it. To me it was all about simplifying trading so I could more efficiently learn to trade. Allowed me to concentrate on learning one time frame, therefore removing a lot of the confusion you can have when juggling multiple time frames. Gave me less charts to look at and allowed me to concentrate more on analysing a single currency pair.