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Ali Farhad

FX Strategies

Question

I have been testing a few strategies for forex pairs and I want to know peoples opinions on whether they prefer swing trading or day trading? 

I currently have tested one strategy on 5min chart one on 30min and one on daily.

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Hi Ali. 

I first of all think it should be up to each individual traders preference. Some feel more comfortable on lower level time frames while others will feel more comfortable trading daily, weekly or even monthly charts. Of course that will also depend on the amount of time you have available to trade as well.

However, one thing I will say is that I do see a lot of beginners try to trade lower time frames and get caught out due to their being a lot of noise and volatility. My suggestion if you are fairly inexperienced would be to start off on higher time frames (4 hour/ daily) and learn and understand the assets you are trading, how they move and react at levels etc. Then consider moving to a lower time frame after. 

 

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