In our last article we saw the different time frames exist to do intraday trading, even going to see the pros and cons of each. We see now the best time frame to make trading medium or long term. The time frame most commonly used for trading along is to 1 hour, 2 hours, 4 hours, or daily. Graph 1 hour is a good time frame if you want to keep open a transaction for a maximum of 1 or 2 days. Presents good opportunities for this type of operation and allows you to trade with a good relationship between risk and reward. But probably the time frame ideal for medium to long term trading is the 2 or 4. In this case the advice is to keep

a transaction open for several days and up to 2 weeks. These times allow us to be able to have it in our favor larger movements. The daily chart is rather used successfully by those traders who want to keep open a position from week to week, since we can easily know where you most likely will move a currency pair during the next few weeks. As we have seen is that in this last article, there are different schedules to choose from in Forex. Depending on the type of operator that we can use different time frames to achieve our goals. Then keep in mind that every time frame has its advantages and disadvantages, so we just choose what works best for us. When we try our preferred time frame we keep in mind that if you want to use technical analysis, then this works best on larger timescales.