It comes down to you
To answer your questions first of all it comes down to you when it comes to how long before you become profitable. The more time and effort you spend learning the basics the better prepared you will be. I suggest you go through the school of baby pips everything you need is right there. Second question about time frames, this comes down to your schedule and how long you want to stay in a trade. I personally use the daily charts because am in school and just don't have the time to watch charts all day. If you want to be a day trader use small time frames like the 5 minute etc. If you don't have the time to watch charts all day use the daily, weekly or monthly. As i said before go through baby pips and everything you need is right there.
Disclaimer- This is my own opinion
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