Finding The Best Time Frame

My first successful trading time frame (TF) was on 5 minute charts. Back in that time, I was so comfortable and enjoyed of what some people called short term currency trading. Since it was my first successful method, I was very exited and I feel God have blessed me so much. I was in and out from the market for 2 to 5 pips and repeated it 10 times a day or more in 8 hour of work on a ranging market movement in Asia session. But somehow He want to teach me more, by not just focused in one method.

I did not realize that I have stopped the learning process to widen my horizons, I was get too focused in one trading style and one time frame only.  It was very rush trade every day, 5 days a week for two years and then suddenly I get tired so much, then my spirit start to drop and the failures begin. I found that trading in a short time frame for years was not a wise decision and it is bad for my health because of the high level stress.

Obviously as a  beginner, one should find and make his/her own trading style or time frame that fits their personality. It is not an easy task, he/she will try use day trading and use 15 minute, hourly or even on a daily chart for months (some people spent years) just to find a trading time frame that fits them best. On a shorter TF you will feel much more rush but you can apply a tighter stop-loss (SL) and a bigger percentage of margin per trade. In the other hand, on a longer TF you will find less rush and more relaxed. Of course you will have to put your stop-loss wider, or you will get your position removed easily because the stop-loss get touched, and you can not put a bigger percentage with such bigger SL or it will make another failures.

How To Find The Best Trading Time Frame

To find the best trading time frame in Forex(foreign exchange) market, I believe there is no other way than you should try them first one by one and find the one that you are most comfortable in your mind and feeling. The process will be much longer or even lead to no where if the trader did not have any trading plan. Trust me guys… if you can not make a good trading(investment) plan with a clear and reasonable target, please do not trade real/live, please try with your demo account first.

How much percentage(margin) are you going to trade as an investment and do you have the proper risk management? How many hours are you prepared to do the work per day/week? How much profit percentage do you target per month? Can you leave a floating trading position? Or do you feel more comfortable if you are not leaving them in a floating condition? Please ask these questions to your self and try to synchronize the answers. If you can do that, then it is a good news for you. It is requires time and patience to find the best trading time frame for your self, and it is a unique process that only you can discover it.