Multi Time Frame from Simplertrading

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Multi Time Frame from Simplertrading

Archive : Multi Time Frame from Simplertrading

Any seasoned trader is aware that viewing a single time period will never give you the full picture. The Multi Time Frame Trend Analysis Indicator was developed for this reason. You can see the general trend over several timeframes by taking a quick look at a single chart.

What is forex?

Quite simply, it’s the global market that allows one to trade two currencies against each other.

If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.

If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.

Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.

An exchange rate is the relative price of two currencies from two different countries.

You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!

You’ve exchanged one currency for another.

Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.

Currency Exchange

Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.

It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.

Salepage : Multi Time Frame from Simplertrading

About Author

Simpler Trading

In 1999, John F. Carter, founder of Simpler Trading got tired of talking to his goldfish while trading alone in his office, so he launched Trade the Markets to create a place to post his trading ideas. This company turned into Simpler Options, and as he added additional analysts and branches, he grew it into the company it is now, Simpler Trading.