Time frame for beginners
For beginners D1 and H4 is the best. Lower time frame is very much volatile. Yes you will get the result quick. But for trading psychology plays the important role. Higher time frame helps more to build a good trading psychology. In lower time frame you tend to do over analysis and overtrade which are bad for trading. I am trading forex at Eurotrader. They have advanced educational resources. I also like their free instant withdrawal without any hassle.
I don’t like to trade with non regulated broker, but there is not any prove that regulated broker always secure and comfortable for all kinds of traders. they also can cheat but it depends . actually credibility of a broker is more important besides regulation.Originally Posted by Ilkka Lenkkeri
Beginner traders need to use the correct timeframe first. If the trader cannot use the correct timeframe, trading will be very difficult. I do intraday trading but it took me a long time to create that experience. Beginner traders should do swing trading.
Demo trading isn’t a waste of time rather it ignites the ability of traders. But it’s not true rather trading on demo account more and more unwinds trader’s knowledge and capability. So, don’t ignore demo trading for your own sake. Eurotrader allows traders with a 111% deposit bonus and a free demo account.
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The best timeframe for newbies is 15M in my view because longer timeframes imply you need to wait a lot to get realized loss or profit and this hurts education, on lower timeframes it is mostly noise. Currently I moved to 30M timeframe on Hotforex and duration of my trades is usually 1-2 days.
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