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What is the best timeframe to trade Forex? This question has no answer, as it depends on many factors. First of all, you need to do market research and detect which type of trader you are: scalper, day trader, or position trader. If you are impatient, scalping can be a good choice, but if you are afraid of fast price actions, you better start with long-time trading.
News trading strategy is among the most intriguing in all financial markets, from crypto to Forex. Often, traders with small banks suppose that they can use the news to get profit, but they forget that big players receive news much earlier, and the price of an asset is already taken into account on the chart when the information is first published. That's why you must be selective in the information and understand how to trade news in Forex.
Drawdown is a usual process during trading that you can avoid if only you find the perfect entry point. As you know, it is almost impossible. That's why professionals easily overcome drawdowns by determining the max drawdown they can allow and building their trading strategy that helps to enter the market near the optimal entry points.
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