The Timeframe in Charts

Are you confused about which timeframe to adopt in the currency movement chart and candle monitoring?

Here is some useful information

The timeframe is the period represented by each candle or bar in the chart, and it is used to analyze price movements over different periods. Choosing the right timeframe is a fundamental element in any trader's strategy.

Types of traders and the suitable timeframe for them:

1. Scalper

Goal: Quick profits from small price movements within minutes.

The most suitable timeframe:

✅ 1 minute (1m)

✅ 3 minutes (3m)

✅ 5 minutes (5m)

Features: Many opportunities throughout the day requiring speed and accuracy.

Advice: Not suitable for beginners due to rapid fluctuations.

2. Day Trader

Goal: Open and close trades on the same day without leaving them for the next day.

The most suitable timeframe:

✅ 15 minutes (15m)

✅ 30 minutes (30m)

✅ 1 hour (1h)

Features: Greater control over risks, and less affected by news outside the session.

Advice: Requires discipline and continuous reading of daily trends.

3. Swing Trader

Goal: Holding trades from days to weeks.

The most suitable timeframe:

✅ 4 hours (4h)

✅ Long-term.