Dragan Lukic

Let us start with a completely different scenario. All cars do the same thing; they provide a sit-down environment, they allow you to be on the road and take you from A to B with the assistance of your effort to drive it. The same applies to Forex brokers. They all do exactly the same thing. They allow you to get involved in a global currency trading environment where you can get in and out of the market whenever you want, depending on strategies you use. However, are they all the same? They should be but they are not. Competition Forex brokers are part of one of the most competitive industries in the world. The demand for them is huge because it reflects the chances they provide for us to become financially successful. So, it is within their interest to sign us up as a customer. This is...

As we all know, currency pairs can be traded in various time frames such as 5, 15, 30 minutes through to 1, 2, 4 hours etc. Each trader has their own preference due to many reasons such as a difference in profit target or the amount of trading they wish to do. For instance, if a trader is using a 4h time frame they don’t have to do much trading as a new session starts every 4 hours. However, if they are trading on a 5 minute chart they will certainly need to look at the screen more often. Disadvantages of a single time frame As traders, we seem to develop a relationship with a particular time frame and stick to it for the rest of our trading days. Whilst this is a good way to trade it can have its disadvantages. The strategies that you learn on your Forex trading course may be effecti

Author: Dragan Lukic

Are all Forex brokers the same?

The Importance Of Looking At Multiple Time Frames