๐๐ปHello, my dear-dear friends! ๐๐ป
๐๐ปThe time frame, on which you'll trade is very important parameter, on which depends the number of transactions.
First of all, you need to decide: ๐กhow much time you can devote to trading at the markets.โณ
๐ค๐ปThere are 3 types of trading methods:
๐long-term,
๐medium-term,
๐ short-term.
โญLong-term trading - you can make from one to several transactions per month or investing your money for a period of one year.
โ For long-term trading, you can use charts with a time frame of 1-4 hours or more.
โญMedium-term trading - you can make several transactions a week.
โ Medium-term trading usually uses charts from 5 minutes to 1 hour.
โญShort-term trading - you can make transactions within one business day.
โFor short-term trading, used charts up to 1 hour.
๐งWhat method choose for yourself?
๐๐ปIt's all depends on you, how much time you will devote to trade โณ, on cash capital ๐ฐ and on your goals โณ.
๐With an increase of time frame equirements for cash capital increase, as a rule, the profit margins decrease, risks decrease, the time required for trading decreases, the number of transactions is also reduced.
๐ค๐ปYou have to make your choice yourself. ๐ช๐ป
๐ค I hope my post helped you to make right decisions. ๐
๐Stay with me, Iโll prepare for you much more different useful and interesting educational posts. ๐
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