Now, I only trade the H4, H6, H8 and Daily time frames, sometimes weeklies depending on how strong the signal is.
So, the question, which is the best time frame for beginners to trade? Well, it's personal preference really, but, I really do believe the H4+ is best for beginners, even try and stick to the daily charts, the signals are so much stronger, support and resistance levels are defined easily and trades can be managed well.
I know you are probably thinking, but I want to make money NOW! Well, thats just not possible being honest, you might have luck for a short period of time, using lagging indicators and having your chart looking like a christmas tree might be cool and impressive looking, but does it make bank? Remember, good things come to those who wait.
What looks better here and easier to understand?
A nice clean chart using no indicators and taking a signal from a good level of support. (A 2 bar reversal trade I actually took on US Oil on the 8 hour chart)
Or this...
Motto of the story, keep it simple and clean, learn to read the price and you will succeed.
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