What is 5M

To be good trader you need to understand 5MWhat is 5M

To make Money you need to understand 5M

5M = Multitimeframe + Multipair + Mental aspect + MoneyManagement + Market Behaviour

Multitimeframe:-
Market forms Price dynamic in multiple time frame, You need to have price behaviour of many time frame on single chart in front of you.

Multipair:
You need to watch Multiple time frame of multiple pair in front of you..you get picture of what is happening to perticuler currency.

Mental Aspect
When you watch Multiple Time frame on multiple Pair in front of you. you get decission point where your Mental aspect comes in picture
What if this time Wrong.

Money Management.
When you go wrong, how much you withstand, what decission you take to hold or exit.....Money management play role.

Market behaviour.
Market keeps changing patterns, this time it respect One SMA, second time it do not respect..it respect another SMA.
Market shows you some picture as some patterns is working and next time they make it fail and you find yourself in fail trade.
When something is working on one pair...at same time.... same thing fail on other pair.
These are all market trick which comes under market behaviour.

When you understand all these 5M ..you know how to make Money

Best Regards
Ramdas

We will discuss all these 5 topic in respective thread
Each topic has it's own discussion, we will discuss all these topic.
Pl feel free to join discussion.

Best Regards
Ramdas