Noob Time frame vs trade oppertunites

Beginner Questions
1

So i have read everywhere that novices should start on the weekly or daily chart. Some places take it as low as the 4 hour chart. But if you are studying and only going for those slow moving charts. It could take days or weeks until you spot an opportunity to try what you have learned. Is it beneficial to try maybe the 4 or 1 hour charts to try to get more entries and learn (on demo account obv.) or just wait it out and look for a hit on the daily/weekly? Its a risk reward balance but the reward is learning!!!

2

try anything between 1h and 5m… you will have more trades to practice…stay on demo until you figure out the TF that you like…

3

Why should novices start on weekly or daily charts? I think that’s a load of b*llocks to be honest. I trade mostly from the 15min chart but I look at the 1H, 4H and daily charts to look for longer term trends, fibo-levels etc. For me this works best, but there’s others who prefer the daily or weekly charts. There’s no right or wrong here, experiment with both and see what suits you best.

4

i mostly use 1h minimally, 4 hr and 8 hr for confirmation of trend direction

5

Three things:

  1. you might want to review the places you read from
  2. Keep an open mind and don’t believe everything you read
  3. Do what suits you
6

Thanks for your input guys. I really needed it. I am just reading as much as I can from forums and some books. Discipline is important so I rigidly stick to whatever I read because I don’t know any better. But now I feel more flexible to discover what time frame suits me and go from there.

@Mrchilled I am pretty much believing everything I read. LOL

7

I would advice you to trade on 1M and 5M timeframe as you get more trades. Its not about making or losing its about learning.

If you can’t figure out whats going to happen in smaller TF how could you in longer TFs.

Don’t be RIGID be flexible and do as much mistakes as you can but make sure its your demo account.

Learn from your mistakes

Timeframe choice more less depends on the account balance and how patience you have and ofcourse on your strategy

Good luck

regards