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[Oluti]

Importance of multiple time frame analysis

There are many ways of trading the forex market in today’s world. Every trader has their own unique trading system which is being developed based on their personality. Some of the new retail traders often buy trading strategy from the expert to make a decent profit but still, they fail. In order to trade with expert traders trading strategy, you need to have a very precise knowledge of the currency market. The expert traders at Saxo always suggest the rookie traders read as much as they can since it enhance the trader’s knowledge. Though there are many techniques every expert uses the multiple time frame analysis to filter the best possible trades in the market.

What is multiple time frame analysis?

Those who are new in forex trading industry will not understand how the multiple time frame analysis works. But to be honest this system is extremely simple and you can easily sort out the false trading signals in the market. You need to do your technical analysis in the different time frame for multiple time frame analysis. For instance, if you look for trading signals in the GBPUSD pair than then you need to do your technical analysis in at least three different time frame. And when you do your technical in more than one-time frame it is known as multiple time frame analysis.

Which time frame should we prefer?

The answer to this question totally depends on the traders’ personality. Most of the long term traders use daily, 4 hours and weekly time frame to do the multiple time frame analysis. They use the weekly and daily chart to find the existing trend of the market. Once they find the prevailing trend they switch back to the 4-hour time frame and wait patiently for the price action trading signal. If you are new to this price action trading strategy then try to master this skill since it will allow you trade the key support and resistance level with the extreme level of precision.

Know your trading platform

As a professional trader, you should every single bit of details of your trading platform to save your time and money. Instead of watching the price movement 24 hours a day try to use the limit orders. Though this will save a huge amount of time when place any limit orders make sure that you are not risking any amount which you can’t afford. Try to place your trade in favor of the long-term trend since it will greatly reduce your risk exposure. If you consider trading as your full-time profession then you should also select your broker very cautiously. Always make sure that you are trading with a high-class broker so that you can experience the best possible trading environment.

Do the fundamental analysis

When you do the multiple time frame analysis you also need to do the fundamental analysis. The professional traders often consider it as the most powerful price driving catalyst in the financial sectors. Some of the new traders often find it hard to synchronize their technical analysis result with the fundamental analysis but in order to execute the perfect trades, you must find the harmony in between these two types of analysis. Try to read the financial news and always keep yourself up to date with the latest market happenings. And never trade the market when during the high impact political speech.

Summary

Multiple time frame analysis is very important for the full-time professional trader. As a new trader, you can easily filter the false signals and execute the best trades by using the method of multiple time frame analysis. But no matter which trading system you use or the quality of the trading signals never trade with the money that you can’t afford to lose.

 

[lioralace]

Why Bother with Multiple Time Frame Analysis in Forex?

Alright, let’s not sugarcoat it—forex is packed with enough “can’t-miss” guru systems and magic indicators to make your head spin. Newbies are always chasing that fast track to cash; I mean, who hasn’t been tempted? But honestly, unless you actually know what the heck’s going on in the markets (and what the pros really do), good luck making bank. If you’re serious? You need to wrap your head around multiple time frame analysis. It’s that secret move that saves your butt from jumping on fake signals, and honestly, it’s one of the only skills that’ll level you up quick.

### Multiple Time Frame Analysis — Sounds Fancy, Actually Pretty Chill

Some folks hear “multiple time frames” and freak out. "Do I need, like, six monitors and a PhD now?" Nah, not even close. Here’s what’s up: instead of staring at just one GBP/USD chart like you’re hypnotized, you peek at a few—say weekly, daily, and maybe the 4-hour chart. Whole point? You want to see if the small-time shenanigans line up with the big-picture vibe.

If your 15-minute chart’s screaming “Buy!” but the daily trend is all doom and gloom... well, you might wanna pump the brakes before diving in.

### Picking Your Poison (aka Time Frames)

Which time frames you use? Dude, it depends on your style. If you think in months, not minutes, start way zoomed out: weekly and daily to see the long-term setup, then the 4-hour for sniper entries. Scalpers, on the other hand—they’re glued to the 1-min or 5-min charts, but smart ones still peek at higher frames to avoid walking straight into a buzz saw.

Just getting started with price action? Seriously, learn to stack your levels across time frames. You’d be surprised how many “aha!” moments you get when the big and small charts agree—it’s like the market whispers, “Go for it.”

### Know Your Trading Gear, Don’t Let It Own You

If you’re still frantically clicking refresh every five seconds, bro, please get a grip. Use limit orders instead of playing whack-a-mole with every single pip. That’ll save your sanity and probably preserve what’s left in your trading account.

Also, never toss in money you can’t afford to set on fire. Forex isn’t a get-rich-quick scheme, no matter what the YouTube ads say. Oh, and your broker? Don’t just pick the first one that pops up. Hunt for somebody actually regulated and reputable. Dodgy platforms will eat your lunch if you’re not careful.

### Don’t Ignore What’s Happening in the Real World

Charts are great and all, but if you’re blind to the news—rate hikes, presidential tweets, global drama—you’re cruising for a bruising. Markets go nuts when economic numbers drop or some central bank boss makes a hiccup. Pro traders blend what they see on the charts with what’s popping off in headlines. That’s how you get the full picture.

If you’re new, syncing tech signals with world news takes practice. Start with the basics—know when major events hit so you don’t accidentally buy right into a market roller coaster. Trust me, watching your position get whipsawed by a surprise press conference is...not fun.

### Bottom Line

Multiple time frame analysis isn’t just a nice-to-have—it’s core survival gear. Get it right, and you start seeing trades others miss. You time your moves with the trend instead of against it, and your entries? Way cleaner. Combine that with paying attention to fundamentals, and you’re miles ahead of traders stuck glued to a single chart.

And, yeah—one last reality check—don’t risk what you can’t lose. No strategy, no signal, no “pro system” is gonna bulletproof your trades. Patience, actually studying this stuff, and always covering your risk—that’s the real secret sauce for making it in forex.

Go with your gut, trust the process, and don’t be afraid to step back when the market’s looking wild. That, my friend, is how you stick around.