How to Use the Right Time Frame

The use of time frames when traders look at charts is one of the important factors in considering decision making. Maybe traders have experienced confusion in trading, confused about analyzing the amount of data and market price movements every time they trade. If this is the case, it is better for traders to focus on the daily time frame by paying attention to the daily chart.

The time frame in trading refers to the portion of the time period used by a trader to make a trade. The fragments of this time period vary, from a few minutes to several days, weeks, or months. Choosing the most accurate time frame is important in trading because the time frame determines the trade duration, trading frequency, trading time and potential losses. In addition, the time frame that the trader chooses is also very closely related to the trading style that the trader does.

In principle, each time frame can bring profit to the trader. In practice, every time frame can create trading opportunities. Traders just choose which time frame is preferred, adjusted to the availability of time and concentration.

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