Jan
5
What are Trading Timeframes
Filed Under Stocks & Trading | Leave a Comment
Having a strategy is one of the most important parts of trading and one of such strategies is to use a time frame for the trades. Some of the popular trading timeframes are 1 minute, 3 minutes, 5 minutes 10 minutes, 15 minutes, 30 minutes and 60 minutes.
By selecting a time frame of smaller period, your profits will be low but you will have more chances of trading while if you choose a longer time period, then your profits will be higher but you will get fewer chances. The middle way in between is to choose a 15 minute chart which will provide you enough time to capture the intraday moves and to eliminate the noise of the market.
If you are a beginner with trading and are still working upon developing a strategy, then choosing different time frames will be good for you so that you can select the one as per your own expectations and requirements.