What timeframes should I use for swing trading forex?
I have a full time job and can only check charts once or twice a day. Is swing trading a good fit?
For education only. This is not financial advice. Trading carries a high risk of loss.
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1 Answer
Best answer
Yes, it is a common fit for people with a job. A typical top-down setup is to use the weekly and daily charts for the overall trend and key levels, the H4 chart to find the setup, and the H1 chart to fine tune the entry.
Stops are wider on these timeframes, so use smaller position sizes to keep the risk at the same percentage. Remember that trades held overnight pay or charge swap, so check it with your broker.
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