Forex, best timeframes and currency pairs

Hi SuzEQ 

Timeframes depend on how many hours you want to dedicate to trading? They are quite about the comfort and time you would like to spend.Of course If you're back testing your strategies you can test them in different time frames to find out the most suitable alternative.

TF depends a lot on your strategy-If you are holding position, smaller timeframes of 1 or 5 minutes may not be relevant.Timeframes are really about he trading styles and strategies-for quick gains and losses traders use shorter timeframes.You must have noticed some traders using more than one timeframe at a time to decide an entry.

Time frames are more of a matter of preference.

To answer the second half...for new comers its advisable to focus on one pair-EUR/USD.EUR/USD is really a good place for start.GBP pairs are high on volatile-so its prefered only when u can take in a big loss for it to come back.

All the best

As a forex trader i understand how import is the timeframes in forex online trading. I think traders can be right about a potential market movement but be too early or too late when you enter the trade. Timing considerations are twofold, an expected market figure like CPI, retail sales or a federal reserve decision can consolidate a movement that's already underway. Timing your move means knowing what's expected and taking into account all considerations before trading. Technical analysis can help you identify when and at what price a move may occur.
 
I also believe smart traders Always Trade During the Highest Trading Hours. By this I mean when the market is most active whatever the currency pair. This is when the market is most stable and is not subject to a big Banks interference which is totally unpredictable.

These are some forex timing guidelines which can help you to decide which currency pairs you should trade and when:

Euro Session
London session opens daily at 8:00 GMT also 3:00 EST and closes at 17:00 GMT and 12:00 EST. London is one of the largest shopping centers in the world and has a market share of 30% minimum.
Some of the most active pairs during this session include USD/CHF, USD/CAD and EUR/USD.

New York Session / American Session
This session opens daily at 13:00 GMT also 8:00 EST and closes at 22:00 GMT also 17:00 EST. The hot time in this session is usually when the euro traders are still active. Which is between 13:00 and 17:00 GMT also 8:00 EST and 12:00 EST. The most liquid pairs during this session would include USD/CHF, GBP/USD, USD/CAD and EUR/USD.

Asian Session
Tokyo starts off the morning @ 12:00 GMT also 19:00 EST and ends at 21:00 GMT also 04:00 EST Usually currency pairs with the GBP are the most active during this time. EG: GBP/JPY, GBP/CHF. The rates of USD/JPY, AUD/USD, NZD/USD pairs and there crosses are also quite lively during this session.

Hope you are happy and satisfied with my answer.

Welcome my friend. :)

The best currency pairs are usually the EUR/USD, the GBP/USD and the USD/CAD.

The best time to trade them are well explined in this article .

Yes, so the best timeframes simply trade in the forex market. Trading the forex market's simply the way thing are