Big Picture Forex Trading

Big picture trading is looking at the larger charting timeframes. Looking at currency pairs over days or weeks and trading the trend of those timeframes. This is one of my favorite methods because you aren’t left hinging on every pip up or down. You work over many days, or months and set big targets and wide stops. You still need to trade small as a beginner, particularly because on these charts moves can be thousands of pips, so you need to plan accordingly. However, the movement is so slow that it lessens the emotion if you are trading with care.