A better trading scheme will take you ahead, on the other hand, a wrong trading scheme will dump your career. Follow a step-by-step guide to develop yourself.
Traders always remain in confusion which timeframe they should follow but I am not that much confused because I literally follow short time frames for scalping.
Trading in lower timeframes in forex involves analyzing short-term price movements, typically using charts such as 1-minute, 5-minute, or 15-minute intervals. It requires quick decision-making, precise entry and exit points, and strict risk management strategies to navigate volatile markets effectively.
Lower timeframe trading entails analyzing shorter intervals, like minutes or hours, to make swift trading decisions based on price movements. It demands rapid decision-making, constant vigilance, and a thorough grasp of technical indicators to exploit brief market fluctuations effectively.