Significance of the TIME periods in forex trading...
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Hello friends,
June21,08.
I have read many posts and data on the time periods for entry/exit in forex trading,but would like to get a better picture of the exact time frames to trade in with pair specificity.
i.e...on the standard mt4 platform,the times frames shown are:-
M1,M5,M15,M30,H1,H4,D1,W1 and MN.
1)Which are the best pairs to trade in these time frames and why?
2)What are the specific Indicators/Custom Indicators to look for in these times frames for entry/exits?
3)Which manual strategies to use in these specific pairs/time frame,also with the support of Expert Advisors, but not automated?
4)Can automated EA's be used in minifx accounts with lesser account deposits?or is it advisable?
5)Appying the time-frames to Vanila and Exotic forex options,
how do they work in them or rather which are the best forex options strategies for the above time-frames?(ofcourse with the usual forex options calculations)
I shall be obliged if I can get specific replies to these questions, focussing on the mt4 trading platform only...
earthy8