Sunday, September 27, 2009

Multiple Timeframes

When comes to choosing best time frames for trading, we should consider which one works well with our personality.

Trading time frames are usually categorized into 3 types:
  1. Long-term.
  2. Short-term or swing.
  3. Intraday or day-trading.

Time Frame Breakdowns
It depends on your personality.

Traders will usually refer to daily or weekly charts.

  • Don't have to watch markets intraday.
  • Fewer transactions means less paying or spreads.
  • Large swings require large stops.
  • Usually 1 or 2 good trades a year so patience is required.
  • Bigger account needed to ride longer term swings.
  • Frequent losing months.

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