The time frame of forex Factory

Time frame means a specific period of time in forex market. A time frame can be of 5 minutes, 15 minutes, 1 hour, a week or a month. Through these time frames we can understand the increasing or the decreasing of price in these periods. If we see a candle of 5 minutes, we will see the details of that 5 minute. The following information you will find: 

►At which price the candle started?

►At which price the candle closed?

►How much the price increased in these five minutes?

►How much the price decreased in these five minutes? 

The Meta-Trader4 trading terminal has the given time-frames. But Meta-Trader 5 has some more custom time-frames. The given time-frames are most used. Time-frames of Meta-Trader4 are:

►M1

►M5

►M15

►M30

►H1

►H4

►D1

►W1

►MN

We can understand the movement of price by the candle of that specific time.

Which time-frame is best for trading? : This depends on the type of your trade. If you like scalping, M1, M5 or M15 is best for you. Long term trade deserves M30, H1 or H4 time frames. For position trading you should analysis the time-frames of W1,MN.