What Is The Best Forex Trading Timeframe In 2019?

Forex trading is truly an amazing field. Be it in terms of profitability or viability - as a Forex trader, you have a field of opportunities ahead of you. 2019 is an incredible year for Forex trading; the market values are going up and profit prospects along with it. With a strong approach backing, winning trades and bagging profits is going to be no difficult challenge! That being said, traders often wonder when it's best to trade currencies; foreign exchange is a 24 hour market working 6 days a week - you have all the time in the world to trade! What's key, is to make sure the traded timeframe is profitable. 

Forex Brokers in Nepal

What makes Forex the amazing trading domain it is known to be globally, is the immense liquidity that accompanies it. To explain it simply, a liquid market will let you have a party at the other end for your transactions - at all times! This means that as a Forex Trader, you can participate across any timeframe and be sure that your transactions will be received. 

Another element to keep in mind while Forex trading, is the high volatility that the markets here carry. Depending on the time of the day and the currency pair in focus, you can expect a lot of movement - both favorable and unfavorable. This is why Forex trading is seen to be a powerful market; the high volatility can easily dismantle trades built over time. While features like leverage can help you take higher positions, one bad trade is all that's needed to bring your capital account to negative values. 

High liquidity combined with volatility just as big means that you as a trader have all the time in the day to utilize. The deciding factors are timeframe, currency value and the strategy employed. You can’t trade a currency in a timeframe that sees dormancy in the pair's value; neither can you employ a short-term strategy to a long-term trend.  

Get yourself the assistance of the finest Forex Broker in Nepal - WesternFX. Backed by our seasoned professionals, you will be able to find profitable trades and succeed as a Forex trader swiftly! We will equip you with the best of trading platforms, indicators and strategies needed to ace trades. So what are you waiting for? Take your place in the ranks of professionals, call us now and get started!