Hey I’m a beginner, what’s the best charts to focus on when making trades?
Trend trade on the Daily and 4hr charts is why I am consistently profitable - BUT most newbies like to involve themselves scalping the lower time frames. Which is fine. You will find out what kind of trader you want to be with practice. Just don’t expect immediate money making success - there is no short cut.
I like the daily time frame. Also kind of depends on how much time you have each trading day and how much self controll you have not to try to trading on lower time frames.
I’ve read many new traders jumping into the lower time frames because they say want to scalp and think that’s the quickest way to riches.
And then they get wrecked.
To know the best chart to trade, first figure out what kind of traders are you.
For me, i am a swing trader, 1hr to daily are best for me.