Being ready for when the next candle on their chart appears, means being ready for a potential trading signal. For the short-term trader, the clock is always ticking. In comparison, the short-term trader needs to be aware of what is happening much more frequently than this. An hour lost here or there makes little difference to their profit, in the context of the weeks or months that they might hold a trade. They might only need to look at their charts once a day, to check whether the latest daily bar is signalling to enter a trade or not. When you start to shorten up your trading time frame though, the exactness of your timing starts to play an increasingly crucial part.Ĭonsider a long-term trend follower. If you're a long-term trader, the precise timing of when you enter a trade-while still important-isn't totally vital.
There are many short-term investors that would argue the same holds just as true for trading. There is an old adage which says that in comedy, timing is everything. Why is Timing Important In Forex Trading? We'll also take a look at how such a candle indicator might be used in conjunction with a short-term FX candle trading strategy. This article will show you how to download one of the best candle timer indicators available to professional traders for Metatrader 4.
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