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Which Timeframe Should I Trade? PDF Print E-mail

The success of a trader does not depend on the trading plan or the strategy only. It should appropriate with the right personality of the trader and the proper timing for making the trade. This is called "the timeframe".

The time frame is a very important lesson you should learn in order to trade well. If you ask a trader where the trend was for EURO/Dollar for example, what is the answer you expected? May be he will replay that the trend was up.


It's impossible to determine trend  until you know what time frame you are talking about. The trend for that trader was up because he traded on a daily time frame yet for another trader the trend had been up and down several times that week as he only traded on a five minute chart. So it differs from one to the other but the point is to know the time frame.


One of the main causes that cause failure and lose is the wrong time frame, as for the good trader who learns how to choose the time frame will have a particular time frame. It's not wrong to trade in  a particular time frame just be sure that you are trading for the right reason.
The right time frame depends on your personality you have to feel comfortable with the time frame you are trading in. there is always a feel of pressure when you trade because there is the real potential for loss or gain and that will affect you to some degree. You should however not feel that the reason you are feeling pressure or frustration is because things are happening so fast that you find it difficult to make decisions or so slowly that you get frustrated.


There are three types of time frame:

      * long term,

      * short term

      * day trading .

And It all depends on your personality.
 
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