Dwayne Buzzell Blog | Things that you should know to trade the lower time frame | Talkmarkets

Dwayne Buzzell

Forex Trader
Member's Links: Forex Trader

An economist, Forex trader and Forex writer, I have a keen eye for spotting international trading trends, particularly since shadowing my mother’s work over the past 20 years with one of the largest fashion groups.


Things that you should know to trade the lower time frame

Date: Thursday, January 4, 2018 4:25 AM EDT

Lower time frame trading is always considered as the riskiest trading system in the financial market. But surprisingly most of the retail traders love to trade the lower time frame since they can secure quick profit from the small movements of the price. But you need to understand the associated risk in lower time frame trading also. If you make a wrong decision then within a very short period of time you are going to lose a big amount of money.

Some traders often consider lower time frame trading for the experts only. It’s true that scalping the market is extremely hard but in this article, we are going to discuss some of the amazing techniques which the pro traders use in lower time frame trading. But just by reading the article don’t expect to become a hero in the financial market. You have to practice hard in a demo account to build a strong level of confidence.

Price action trading

The price action trading signal is one of the best ways to trade the market. All the long-term traders use the reliable candlestick pattern to place high quality trades at the key levels. But when it comes to scalping you need to trade only the most traded price action pattern. Learning all the details of price action strategy is not so easy in fact the new traders will not understand many things. So, it’s better to go for some paid price action trading course where you can easily get a clear insight into the market structure and candlestick pattern. It’s true that learning all the formations of Japanese candlestick pattern is really hard but once you know the formation reason everything will become extremely easy for you.

Use of multiple time frame analysis

Multiple time frame analysis is one of the easiest ways to find false trading signals. In options trading, you will see that most of the traders are using multiple monitors in their trading room with same currency pair chart. But if you closely observe the chart then you will notice the difference in the time period. They use different time frame data to get a clear overview of the market movement in the shorter time frame. It’s not like that you will have to trade with multiple monitors as the most professional trading platform allows the traders to use multiple charts in the same window. So, learn more about your trading platform to get a clear overview of the market structure.

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