The trader's personality determines his trading style and the time period he is suitable for. Many traders have poor performance because they do not choose the right time period for trading. Most beginners want to start making money quickly, so they usually try trading on various time periods, such as 1 minute and 5 minutes. However, not everyone is suitable for ultra-short-term trading.

After a long period of exploration, we feel that we are most suitable for trading on the 1-hour chart. This time period is relatively long, but not too long; there are not many trading signals, but not too few. This gives us more time to analyze market trends.

We have a friend who simply cannot trade on the 1-hour chart, it is just too slow for him. He prefers to trade on the 10-minute chart, which is long enough for him to make analytical decisions according to his trading plan.

Another friend thinks that we are trading too fast using the 1-hour chart, so he only trades on the daily, weekly and monthly charts.

At this point, you may be wondering, what time period is best for you? Only you can answer this question. The trading time period is related to your personality. As long as you feel comfortable with a certain time period, it will be fine.

In the real trading process, you will feel pressure and frustration, because it involves real money transactions. But the market changes so quickly that pressure and frustration will affect your judgment of the market, so you need to constantly adjust your state during the trading process.

When we first started trading, we were not sure which time period was the most suitable, so we tried 5 minutes, 15 minutes, 1 hour, 4 hours and daily lines to find the period that really suits us.

Time cycle details

Which time frame is better? As mentioned many times before, it depends on your personality.

Next we will give you a detailed introduction to the various time periods:

Long cycle

Long-term traders usually refer to daily and weekly charts, and the holding period of a transaction can be as short as a few weeks, as long as a few months or even a few years.

No need to check the market every day. Fewer transactions means less fees.

The longer the period, the larger the floating range, the larger the stop loss. Only one or two trades a year require great patience. A larger account is required. There may be losses for several consecutive months.

Short cycle

Short-term traders usually refer to the hourly chart, with positions held for periods ranging from a few hours to a week.

More trading opportunities. No need to rely on 1 or 2 trades per year to make money.

The more transactions you make, the higher the fees you will have. Overnight risk needs to be considered.

Day Trading

Day traders use 1min&5min or 15min as a reference and usually close their positions before the market closes that day.

Lots of trading opportunities. No overnight risk.

The more transactions you make, the more fees you will have to pay. As the frequency of transactions increases, the mental pressure will increase. The maximum profit margin for a day is limited.

You must choose the time period that suits you

You need to consider your capital. Short-term trading makes better use of capital and has smaller stop losses. Long-term trading requires a larger amount of capital to ensure that the futures trading process does not get liquidated.

I wish you can determine the time period that suits you as soon as possible!