Many newcomers don’t know about the forex timeframe. But the experience forex trader knows the meaning of it. And, understand the value of it. That, how much it can be helpful in forex trading. That is why most of the experienced forex traders use forex timeframe. So, for the new traders, forex time frames [forex time frames, which is the term in Thai] is the graph. That is being used to set a successful trade. With the help of those graphs, a trader can understand the pattern of the market.
And, can easily say by looking at the graph. That is there are up or downward trend is going to happen. Or, there will be a slowdown in the market. Many abbreviations come under the forex time frame. It is very important to know about those abbreviations otherwise people can not understand the forex time frame. So, there are mainly five abbreviations that are being used. M for a month, D for Day, H for an hour, W for week and MN. So, M will show the monthly graph and other abbreviations will also do the same. And, MN will give the bar display of one month.
Forex time frame importance for the trader
From a trader’s perspective, it is very important to look at the tine details. And, the forex time frame can do that easily. A trader can also look at the minute graph too. And, too very clearly which is very hard to find. But these are the things that make the trader rich. If the trade is successful then the trader will make more money. And, the trader can only do that by seeing all the details that are available in the graph.
Details are important in trading
Each detail is important in trading even if it is very small. And, forex time frames can provide those tiny details. But try to look at the weekly chart. Then, it is very easy to understand.