Different Types of Strategies & Different Chart Timeframes Explained

The different strategies that use different chart timeframes are:

Scalping Strategy

Scalping strategy is where one will use chart timeframes of five minutes and below.

Scalpers only open trades for a few minutes and open many trade transactions during the day.

Scalping strategy requires a trader to have a lot of time to monitor the price moves waiting for trade opportunities to open trades.

Forex scalper traders aim to capture the short term price movements that move within a few minutes.

Day trading strategy is where one will use chart timeframes of 1 hour & below.

Day strategy requires a trader to have a lot of time to monitor the price moves waiting for trade opportunities to open trades.

Day traders aim to capture the intraday price short term movements.

Swing strategy is where one will use chart timeframes of between 1 hour charts and daily charts.

Swing strategy requires a trader to use less time to monitor the price moves waiting for trade opportunities to open trades.

Forex swing traders will use chart timeframes that are long enough to help them identify the intermediate market trends.

Forex swing traders objective to capture the medium term price movements.

Position strategy is where one will use chart timeframes of between day charts & monthly charts.

Position strategy requires a trader to use less time to monitor the price moves waiting for trade opportunities to open trades.

Position swing traders will use chart timeframes that are long enough to help them identify the long term market trends.

Forex position traders objective to capture the long term price movements.

Different Types of Strategies & Different Chart Timeframes Explained