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In forex trading, there is an assumption that trading in a large time frame will be more profitable than a small time frame. One of the big time frames in question is the Daily Chart. So, is it true that trading with the Daily Chart is better than trading on other Charts?

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#1 - July 28, 2019, 03:57:19 PM

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In forex trading, there is an assumption that trading in a large time frame will be more profitable than a small time frame. One of the big time frames in question is the Daily Chart. So, is it true that trading with the Daily Chart is better than trading on other Charts?
Through trading with the Daily Chart, you can trade with a lower signal quantity, but the quality is higher.
If you have understood the Daily Chart, trading on the 4 hour or 1 hour chart will be easier and the chances of success are greater.
From the author experience, the under 1hour chart is too much noise, so information in the form of signals that are displayed is a lot that is wrong or misleading.
This is why, trading with Daily Chart is very effective to avoid the habit of Overtrading.
#2 - July 28, 2019, 04:56:53 PM

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it is true, using a larger timeframe to see the state of the market globally is very profitable, because by using a large timeframe we can easily see the overall trend neatly and we will wait for the moment in a small timeframe
#3 - July 20, 2021, 03:04:55 AM

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daily charts are usually used for those whose trading style is long term, and this trading must use large capital so that our patience can pay off
#4 - July 31, 2021, 03:32:58 PM

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using daily candles is something that day traders use because indeed using daily genetics is better than using small candles So you really learn to master the candlesticks you need if you are a trader who is more comfortable for the day then you at least do use candles daily
#5 - August 27, 2021, 06:24:17 AM

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using the daily time period is usually used for intraday traders because with a very short time in my opinion we should be able to really pay attention to this open position, so we should be able to use open positions well
#6 - August 30, 2021, 01:50:33 AM

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the use of daily charts is one type of trader who uses daily techniques so we can use the time period below it as confirmation of Open position for that problem we can use the respective indicators
#7 - September 09, 2021, 09:41:51 AM

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the use of daily chat is when we do daily trading because when we use the daily chart of course we will want to get profit every day But all that is not as easy as turning the hand so you like using techniques that can be used every day
#8 - September 17, 2021, 06:26:23 AM

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using the daily chart is a good thing because by using or observing the daily chart you will be able to see that when it is up or down so you will be clear to determine Open positions in the shorter timeframe I like traders like that
#9 - Today at 01:58:01 AM

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