Best time frame to trade

which time frame is the best and recomended for fx beginner to trade.

1. long term
2. short term / swing
3. Intraday / day trading

thank you.

1. long term
daily chart, weekly chart.

2. short term / swing
daily chart

3. Intraday / day trading
daily chart, hourly chart, 10 minutes chart, 1 minute chart.

I'll take for granted that as a beginner asking the Q you mean "demo trade"? So now in demo-trade-mode one thing you might want to do is make d-dtrades just to get used to the charting-trade-station you have chosen. Get into and out of many, many dozens of trades to get the feel of setting stops (never go into a trade without a protective stop even when demoing...it's just good habit) and your limits. Try some entry buy and entry sell trades, try anything!

Do this one for fun and you will learn a whole bunch about initiating trades;
* have the major 6 currency pairs up on say the daily or 4 hour chart.
* go to the area of your broker trade station and click on each of your pair's Bid/Sell buttons
--set your stops for each sell, then your take-profit-limit and on to the next pair in your group.
---then go back to the 1st pair and close your trade, then down the line until all trades are closed.
* now do the same thing with each pair put this time with an Ask/Buy trade and go through the motions as above.

What you are creating is a habit of quickly getting into a trade and setting you proper stops and limits and knowing how to close a trade. Who said pushing buttons can't be fun. uh, er, just don't look at your demo P/L, remember this excersise is just to get good knowledge and build habit on entering/exiting trades with the software you are using.

Now to answer which time frame? LOL. Ask 100 Traders the same Q and you'll get at least 50 different answers!

For myself i learned on 1m and 5m charts to get the hang of the excersise above, BUT i do not recommend anything under 1 hour charts for a beginner as the longer TF's are easier to do practical technical analysis off of. I tend toward the 4hr and daily as they will give you a life outside being glued to the monitor for hours on end. No more "glued to the tube" for me watching candles form! Been there, done that, had to move on for sanity's sake.

Cheers

Depends on how much money you have in your account for equity management purposes.

got the same feelings about that matter ,..

Yep!,. another issue 'how much money in the account?'
of course if trading longer time frame have some pros such as bigger stops, but what if it goes the other way around?...surely it will couse me a big hole in my pocket.

back to the issue, correct me if im wrong, for beginner, surely we will start small, not an account with kazilioooon amount of money. And on the other hand try to make a trade that can make profits. Selecting time frame is the most crucial part that can determine how long u will be in the game. Surely all the fx pros out there face this situation while in their early days. Your advice and your knowledge are much needed here?...

HI,

all been said so far are true .

in addition to money managment ,account balance,and discpline ,there are many factors influence our trading style ,whether to use long term or short term charts ,we must not forget that every trader is differnet .

as we all know that in the very beginning we 've asked ourselves the same Q ,
some of us were in a mess and mixed up every time we see various charts and time frames ,we ask ourselves ,oh which time frame is more suitable to me to trade????

1-5-10 minutes charts for scalping ,it takes short time to get in and out of the trades and usually to take small profits and require more , concentration , while the 15-30-60 1H-4H for swing and short term trades ,it takes much longer to realize profits usually from 1 hour to all day ,the daily and weekly charts for strategic trades that take from few days up to months BUT ,in my opinion, if you want to go into fx trading and survive,you will need to have courage ,confidence and intensive pratice and most importantly DO NOT TRADE AGAINST THE TREND yes this is the slogan of professionals ,and it's quite true.

ONE LAST NOTE:

try to get into using all the time frames ,start with longer to shorter one as you need to see the whole picture of the market .



thanks

forexer

Phew..finally, able to post

Anyway, I tend to look at 15 minutes chart, as I am a daytrader. But techies usually look at daily chart to see if a trend has gone saturated and needs a reversal.

I also tend to go fundamental and little less technical.

Still sharpening my skills though, planning to go 10000% in 100 trading days (is that possible? )

daily cart the best time frame. you can never go wrong .

Id say stick with larger time frames, daily and 4H of course. thats what people should be focusing on.

Is there something like the best time frame?
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The best time frame to me is the one that suits you the most. Given your lifestyle (clued at the screen or having a day job) and your psychological strenght to trade lower time frame with all the frustrations and desillusions.

i would say short term / swing. i have other things i can be doing other than starting at price charts.

1)D1.
2) h4 and h1.
3) M30 and M15.

That depends on what you mean by "short term". If you're scalping you'd want to use a time frame a lot shorter than the daily one.

I understand how you feel. Flipping between charts is a hassle and tiring. But in order to have a bigger picture. You need at least 3.

Higher time frame. Trading time frame. Improving entry time frame.

Many successful traders - be they professional or amateurs - use multiple screens at the same time to avoid the chart flipping. Obviously such a set is difficult to get for a total newbie, but it is something one should think about.

Nice strategy. Yes, using multiple time frames are always useful to filter the entry and exit point! According to my experience, higher time frames are relatively stable than the lower time frames.

Different time frames have different purposes. Short term time frames give short term signals, they can still be useful if you know what you're doing.