Trading Currencies Using Multiple Time Frames by Kathy Lien and Patrick Dyess
ARTICLE SYNOPSIS ...Stocks & Commodities V. 22:11 (60-65): Trading Currencies Using Multiple Time Frames by Kathy Lien and Patrick Dyess
When trading currencies, it's best to get the big picture first and then use a shorter time frame to select entries and exits.
With $1.5 trillion in daily turnover, the foreign exchange market is the largest market in the world. Previously, access to this market was restricted to hedge funds, large commodity trading advisors (CTAs), and institutional investors due to regulation, capital requirements, and technology. The big players have always wanted access to the market becau...