Abstract：It is important knowing the Time frame that best fits your trading style, although it is one of the mistake newbie traders do as well and which as a result don't do well in their trading simply because they’re usually trading the wrong time frame for their personality.
We have previously explained what time frame traders should consider and also highlighted the key process to follow in determining the time frame that best fits your trading personality. But yet some traders ask what time frame should they trade!
It is important knowing the Time frame that best fits your trading style, although it is one of the mistake newbie traders do as well and which as a result don't do well in their trading simply because theyre usually trading the wrong time frame for their personality.
New forex traders will want to get rich quickly so theyll start trading small time frames like the 1-minute or 5-minute charts. Then they end up getting frustrated when they trade because they fail to choose the time frame that fits their style.
While For some forex traders, they feel most comfortable trading the 1-hour charts.
This 1-hour charts. frame is longer, but not too long, and trade signals are fewer, but not too few. And Trading on this time frame helps traders to have more time in analyzing market and not feel so
give more time to analyze the market and not feel so quick.
Conversely, we have a friend who could never, ever, trade in a 1-hour time frame. He consider it too slow to trade and therefore he would probably think he was going to rot and die before he could get in a trade. He just forechoose a 10-minute chart. It still gives him enough time (but not too much) to make decisions based on his trading plan.
Similarly, Another colleague of ours wonders how a forex trader can trade on 1-hour chart, He consider it too fast and therefore! Therefore He trades only daily, weekly, and monthly charts.
At this point, perhaps so youre asking what the right time frame is for you.
Well pal , if you had been paying attention on the previous lesson, it depends on your personality. You have to feel comfortable with the time frame you‘re trading in. You’ll always feel some kind of pressure or sense of frustration when youre in a trade because real money is involved, it's not a demo trading. An yes that's obvious.
But you shouldn‘t feel that depressed the reason for the pressure is because things are happening so sudden that you find it hard to make decisions or so slowly that you get frustrated. When we first started trading, we couldn’t stick to a time frame.
We started with the 15-minute chart.
Then the 5-minute chart.
Then we tried the 1-hour chart, the daily chart, and the 4-hour chart.
This is ideal for all new forex traders and until you find your comfort zone then you can fell safe, which is why we suggest that you participate in Demo trade using different time frames to notice which fits your personality the most.
What Time Frame Is Best for Trading?
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