Which time frame should I choose for trading?

Novice just startedforeign exchangeOne of the reasons why the effectiveness of trading is not as ideal is that they often choose the wrong trading time frame.

Novice players all want to get rich quickly, so they will choose a relatively small time frame, such as1Minute chart or5Trading on a minute chart. Then, when trading, they may feel caught off guard because, in fact, this is not suitable for them.

For some traders, they feel that the most suitable option is to1Trading on hourly charts.

The time range of the hour chart is longer, but it is not very long, and the trading signal will be less, but it is also not very small. Trading within this time frame will give you more time to analyze the market situation, and you will not feel caught off guard.

On the other hand, we have a friend who never chooses to trade within the hourly chart framework.

For him, the price pattern on the hourly chart changes too slowly, and he tends to trade10Minute chart. This can still provide him with enough time(But not a lot of time)To make trading decisions based on his own trading plan.

Our other friend is also not very fond of trading on the hourly chart because he believes that the price changes too quickly on the hourly chart. He only trades on daily, weekly, and monthly charts.

Now, you are likely to ask again, what is the most suitable trading period for you?

Let me tell you this, if you have already noticed, it depends on yourself. You must adapt to the time frame within which you are trading.

When you truly engage in trading, you will also feel some pressure or frustration because you are trading on a firm basis. This is human nature.

However, your pressure should not come from the rapid changes in price patterns that make it difficult for you to make trading decisions, or the slow changes in patterns that create frustration.

When we start trading, we should not be limited to a specific time frame.

We can start with15Start the minute chart.

Then, look again5Minute chart.

Then, we can also give it a try1Minute chart, daily chart, and4Hour chart.

This is a normal thing for beginners until you find a trading time frame that suits you. This is also why we suggest that you first conduct simulated trading and find the most suitable time frame for yourself after conducting simulated trading within different time frames.