Low account size, what timeframe is suitable?

With 300 dollars account what timeframes are most suitable for trading?

Hello,

question is how much time you have. If you have time during the day, you can happily daytrade with 300 bucks. Just make sure you pick a broker that lets you trade small sizes - Oanda lets you trade as low as 1 unit.

5 min and less. But it even harder then 4hour and daily. Now I think average person needs 5 and more years to be successful on those time frames. Some people get it faster some people will never get it.

The question shouldn't be time frame, but what position size are you willing to trade. Obviously, if you intend to trade the daily, you will need to use very small positions, microlots or nanolots. On a lower time frame, you can use a larger position. For example on Oanda, you can use a 100 unit lot at a penny a pip on a daily trade. Assuming your willing to risk a 200 pip stop, you've only lost $2.00. Multiply that by ten and you've lost 20. By 100 you're pretty much cleaned out. Decide what kind of trader you are and adjust your position size accordingly. Don't adjust the time frame to the size of your account.

You can go 4H and Dialy with micro. For mini you can go with 5min and 15min chart. What I use to do when my account was minimal i would enter from 1H bar signal from my system and then only enter when a pull back occured... this actually minimized my risk and maximized profit when i set my s/l to b/e. It's doable but you will need at least 2-3years live trading to pull this off.
Cheers!

time frame is very subjective, you should try them out yourself. Just be aware of things like swap rates etc if you are trading longer time frame, especially when highly leveraged.

timeframe is not so important,the higher the better,important is your lotsize,i would say use only microlots (0.01),then you can choose your timeframe depending on your personality,i.e.you can make your trade decission by studying the higher tf's like 1h/4h/daily and enter on 5m/15 but i think lower timeframes are difficult to see whats going on

From your question I assume you didn't trade demo too much, therefore I suggest that you first do it - then you will realize what TF fit's you best.

If you ask ok, but what TF should I demo first, my answer is at least try one short [1 or 5 min] to figure out a bit of it's PA then try longer [30M-4H] so you can figure out PA of bigger TF. Then you may choose - would you rather estimate general trend on bigger one to scalp in trend direction on smaller, or rather you prefer to trade longer TF, and possibly use smaller to snip couple of pips extra on bigger trades [f.e. by waiting for 1M to touch BB band opposite to trade direction]

Thirdly as far as I know oanda lets you trade very small size, that's one good thing other is on a bigger TF [like 4H] you need bigger SL [what you will realize when do what I'm saying.

And as a 2yrs exp trader I can tell you, that it takes some time until you profit, so why not to collect some extra money while learning on demo...

As most have said, it's not about the timeframe as it is about pip size and experience. Judging by your question, shows us you have every little experience in trading and probably have not tested the waters by not reading up on the market and/or studying the market in depth. So, my question is, "why pluck down a solid 300 hard earned bucks on trading when all you are going to do is loose it"? I'll advice you to put that money to good use. I have a birthday coming in a couple of months and it sure would be a nice gift to recieve a shirt and a pair of trousers from Ralph Lauren. Just thought I'd through that out their if you happen to be in a "giving" mood. If you are not going to give me the money, then why in hell would you give the market your money. At lease, giving the money to me, we may become friends ... the market on the other hand takes your money while pushing and kicking your down. Damn that that market, he likes no one.

Seriously, take the time to learn the market then afterwhich, take the time to learn your strategy. Then when you believe you are ready then join in the game. Here are websites to study:

www.investopedia.com - All and everything about forex
www.babypips.com - Learning forex? Start with the basics
http://www.informedtrades.com/trades.php - Forum based site. Though this site aimed towards equity traders, many strategeis and trading tips are discussed by REAL traders for traders.
www.dailyfx.com - Read up on the market. Know your currency.
www.fx360.com - Read up more on the market.
www.fxstreet.com - Read up a bit more on the market
www.tradingmarkets.com - Read, read, read somemore. Greats strategies and tips on trading.
www.thefxmarkets.com - More reading.
www.google.com - If you ever have a question just google it and market sure the word "forex" is somewhere in that search. Your questions will be answered.
www.stocktwits.com - If you want to chit-chat with other traders not only in forex but equities, futures, and other markets.
www.chart.ly - is a chart based site from stocktwits. Look a people charts, figureout their strategy. Look how some traders interpret the market and profit.

You've go homework ... so get to work!

none- grab your wifey and go out for dinner!

I already knew the points you made about my question. Just somebody had confused me about the truth of what you said above. Thanks.

Thank you Jhig for your comprehensive information.

hi all this first post for me i thank all for this forum its help me in psychological side not technical only for my friend the begain with 300$ is enoughf if you like less no problem as if you loss for your little experience you will approve and learn as all trader loss no of accounts before ,if you expert big account more safe
( i hope read my post before you go to dinner )

I think, first of all it depends on minimal lot-size to invest per one trade but not on the amount of capital. If, for example, you have 300 dollars and can invest minimum 1 dollar - so, you can trade, I think, even on dayly timeframe.