When you start learning the foreign exchange market, you don't know what time frame to focus on. This is why you try every time frame to see which one works best.
You might think that shorter time frames are better because they will bring more trade setups and more money making opportunities. Perhaps they are, but the problem with shorter time frames is that they need you, you have to sit at the computer and watch the processes for several hours a day, which is not so easy.
Longer time frames require fewer trade setups and you can check them less often. For example, when you are working on a regular chart, you can only check your positions a few times a day. Novice traders are advised to work with larger terms, like 1-4 hours.
Small terms like 5 minutes are not suitable for many novice traders. The reason is that controlling emotions is the most important problem that beginners face, and when they work on shorter time frames, they will experience more emotion because they have to be fast. When you are working on a five-minute chart, you must decide much faster than with a few hourly trades, and it will be more difficult for you to control your emotions.
So what time frame should you choose for Forex trading? If you're a beginner, it's best to start with periods of one to four hours. We are not talking about day trading as it may seem too long for you. Shorter time frames, like 15 and 30 minutes, cannot be recommended for everyone. However, if you like trying small timeframes, do so with strong currency pairs such as Euro / Dollar and British Pound / Dollar as there are the fewest false signals.
Also, you should avoid trading during the day on Sunday and Friday, at this time there are many false signals. The best time to trade using shorter time frames is the London session, which is the strongest and most liquid session in the forex market. The New York session will work too, but you will have more false signals compared to the London session.
As you can see, there are many details to consider before deciding which time frame to trade in Forex. Dealing with the wrong timing at the start of the forex market can lead to frustration and giving up. You must analyze your trading style and identify gaps. If the problems are related to the time frame, you need to move to another time period that is more suitable for you.
