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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.
Have you already managed to understand in detail what charts are, their types, and how to use them? If not, then now is the time, because you will use them to find your profitable trading setups. Without them, Forex trading would have been simply impossible. Therefore, without further ado, let's plunge into the world of charts.
Back to our gold rush! Today we will continue to talk about the XAUUSD pair and finally find out what strategy you can use in trading.
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