From:
Harry

Message:
Hi

I work for a company that sales EAs and Manuals for the forex market,
this introduced me to forex, I’m doing a demo account right now for 2
months and so far this year I have been successful with getting less
losses, I just would like to ask what time frame can you recommend for
new traders like me? What would be my main chart to look at? right now
I look at 15M,1H,4H and Daily, which of those should be the main
chart?

My Response:

Hello Harry. Thank you for dropping by an email. Let me answer your questions one by one.

1. I just would like to ask what time frame can you recommend for
new traders like me?

For new traders, the longer the timeframe the better. So think of daily, weekly and monthly charts. It can be quite boring waiting for the bars to unfold but there’s a reason behind why you would want to stick at longer timeframe for a long time.

The longer the charts, the more accurate the signals become. If you’re using technical analysis, you’ll realize this. The patterns a clearer and you’ll have more wins because of this. The only problem with trading at longer charts is that you’ll be fighting yourself and being patient.

2. What would be my main chart to look at? right now
I look at 15M,1H,4H and Daily, which of those should be the main
chart?

I think, for now, you should focus on daily. Do not trade at shorter timeframe unless you have your technical skills, psychology, money management and trading system fully tested. The lower you go, the harder it is to decipher the signals. The chart is prone to noise and it would be a lot harder to know if the signal is genuine or just an influx of the market.