If you find that you’re not doing a good job when it comes to trading, then the reason can be because you’re not trading on the right time frame that fits your personality. You might want to get rich quick while trading, and this means you will probably start trading in the small time frames, such as the 5 minute or 1 minute charts. This can frustrate you during the trading, and this also means that you do not make the best trades because it does not fit the personality that you have.
A lot of traders that first start, find that they feel more comfortable trading on the 1 hour chart. This is a longer time frame, but not as long as the 4 hour frame. The trade signals come fewer and farther between, but there are not too few. This allows you to have more time to analyze the market and the trade at hand, without having to feel rushed for time, as you would with a 5 or 1 minute chart.
Sometimes, it might be too slow for some people, depending on their personalities. This is because some people are not as patient, and need a faster time frame to trade in because they cannot possibly sit there and wait for the trade to come. This is when you might want to think about a 10 minute trade since it is not too slow, but gives you enough time to make a trade with a knowledgeable decision behind your belt since you had adequate time to think about the trade. This all depends on the trading plan that you have, and what works for your personality.
There are some people who might think that the hour time frame chart is too fast, and thus will trade on daily, weekly, or even monthly charts depending on how slow they would like to go. These are other traders that have personal preferences for one or the other, so you have to keep yourself in mind when thinking about which one is the best for you.
It all depends on the personality that you have, and what you feel comfortable trading on. You have to be comfortable with the specific time frame that you choose since this is what makes the trade. You might feel frustrated or nervous with almost every trade that you make. This is natural, since you’re playing with real money which can create some nervousness about losing.
You shouldn’t feel the pressure after awhile, since things are going to happen fast. You will find that you will become accustomed to what you’re doing and the trades that you make, and will feel more comfortable with what you do. If the time frame is too fast paced, then you should slow down a bit. If it feels more slow paced for you, then get into a faster time frame. You might not be able to stick to a time frame because you want to try them all out. This can be beneficial to find out which one works the best with you. You can then find out which one works best for you, or if you enjoy the complicated ones, then trade on all of them.
This is something that a lot of new traders will do since they have to find their comfort zone. You should try the demo before actually jumping right into the market. This is because you will need to make sure you know which one fits who you are the best, and the way you would like to trade in general.
