trading style. Time Zone: how do I determine my time zone? However, dont take my word for it, last year we had over 15,000 emails hit our inbox, and I can comfortably say that the majority of the struggling traders Ive helped were trying to trade small time frames. The currency that you are purchasing is called" currency. Would you like to check the market every 5 minutes or every 4 hours? You basically buy low and sell high and the change between these prices is your profit to keep. You simply are not going to get a very strong directional movement out of a 5 minute or 15 minute chart signal, instead, you will get a lot of little meaningless movements.
Depending on your broker's policies, you can invest a little bit of money but still make big trades. Small time frames elicit over-trading, over-trading, also known as trading when no obvious signal is present, or taking stupid trades, or gambling, is something I have discussed quite a bit in other articles, so I wont get into it too much today.