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Daily cart

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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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