Hello all, first post here. I have been studying forex for the last month. I am impressed about the idea of being able to work at home and make a huge amount of money (or even lose a lot). I am trying to formulate my own system and I come here for further advice and critque..
I am trying to learn how to trade using 1H, 4H, 1D charts.
On my 1 hour and 4 hour charts, I use just the MACD set at default and for the 1 day chart I use the RSI set at 14.
Well first of all, should I even use 3 different time periods or stick to 1? What indicators are normally used for positive gains that keep consistency.
I am trying to learn how to trade using 1H, 4H, 1D charts.
On my 1 hour and 4 hour charts, I use just the MACD set at default and for the 1 day chart I use the RSI set at 14.
Well first of all, should I even use 3 different time periods or stick to 1? What indicators are normally used for positive gains that keep consistency.