Timeframe
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TF is a beginners choice in trade, but very critical.Maggie traders choose smallest time & investor choose over years. Timeframe is nothing but where your predictability works,ie. your prediction of target normally attains before hitting stoploss. as a trade learner , emotion is a destructive force, so its better to start studying EOD based chart @ after market hr. When after some yr, some experience on price movement its affect on decision making is under control - better to comedown to hr chart.
As per comfort , quick momentum , understand and applying indicator - one choose and then shift to multiple timeframe- MOST IMP IS WHERE U MAKE MONEY - if u r making a return on 2% on week basis , stick to that. Must search/practice if below 2% per month.
If u r not yet earner , see the application of realtime trader-
wish u all the best
,,,,,,,,,,,,,,,,,,,
TF is a beginners choice in trade, but very critical.Maggie traders choose smallest time & investor choose over years. Timeframe is nothing but where your predictability works,ie. your prediction of target normally attains before hitting stoploss. as a trade learner , emotion is a destructive force, so its better to start studying EOD based chart @ after market hr. When after some yr, some experience on price movement its affect on decision making is under control - better to comedown to hr chart.
As per comfort , quick momentum , understand and applying indicator - one choose and then shift to multiple timeframe- MOST IMP IS WHERE U MAKE MONEY - if u r making a return on 2% on week basis , stick to that. Must search/practice if below 2% per month.
If u r not yet earner , see the application of realtime trader-
wish u all the best
