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Most people who start trading forex automatically rule out the idea of currency trading the daily price chart. This is because they prefer the fast pace of the short term charts such as the 1 minute and 5 minute charts, and prefer to try and make instant profits instead. However the fact is that you can make a lot of money currency trading this particular time frame. When you are looking at the fast paced 1 minute or 5 minute chart, the price flies over the place, seemingly at random. Over the daily chart, however, it can look as if it’s barely moving most of the time, which is why a person really need to check this chart afre the wedding of each trading session, in the event the latest bar / candle has closed. Don’t get me wrong, it is possible to do very well fx trading the short term charts. However it is one of the hardest ways to benefit from currency trading because if you watch the markets every day, ahead of time that they move around very quickly and often in a very random fashion. You can find generally too much noise to create money consistently, regardless of which system you use. So the point is usually that the daily charts might be a lot more profitable than the not as long time frames. They are much less stressful and the price tactics are far more predictable because many of the technical indicators really are a lot more reliable. Therefore Chance to find the you try and trade a lot of these charts if you...