Q & A
Smaller the TF, the more noise, more obvious the different sessions, larger the spread is relative to movement. News can be a huge.
GrumpyDuckMan:
I am looking for a greater explanation of what he is talking about in general.
There is a lot involved in trading.
- Technical Analysis
- Fundamental Analysis
- Psychology
- Money Management
- Statistics
- Trading Plans
- Algorithmic Trading
- etc.
My recommendation is to read an introductory book or two, then branch out when you find out what type of trader you want to be.
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Hello everyone,
My apologises about the vague topic title. One of my friends that has been trading for about 11 years now told me that I would be better off looking at daily timeframe rather than the hourly timeframe to get a grasp of how to trade successfully.
He also said that I should get to grips with using trending lines and how use the Fibonacci.
I don't really have a question as such. I am looking for a greater explanation of what he is talking about in general. unfortunately we are unable to communicate regularly verbally due to time zones.