WEBVTT 00:09.610 --> 00:11.960 What time frame should I use. 00:12.040 --> 00:18.240 This is a question that I get a lot for any kind of trading strategy or trading system. 00:18.250 --> 00:25.210 It really depends on many factors but I suggest you to try different timeframes with this strategy and 00:25.210 --> 00:30.460 choose the one that best fits your personality and your availability. 00:30.460 --> 00:37.390 If you are a very calm person and you don't like to open a man trades in the same day you probably don't 00:37.390 --> 00:42.390 want to trade that the five minutes and the 15 minutes charts the same. 00:42.400 --> 00:50.080 If you have a job from 8 to 5 and you only have the evening to dedicate it to Forex trade and you probably 00:50.080 --> 00:56.230 don't want to trade the short time frames because you don't have time to monitor that several times 00:56.370 --> 00:57.630 a day. 00:57.640 --> 01:03.840 Having said that I'm here to help you choose the trading style that is perfect for you. 01:03.880 --> 01:08.230 The first category of traders that I want to show you is scalper. 01:08.360 --> 01:14.620 Scalpers usually hold the day's trades from a few seconds to a few minutes. 01:14.620 --> 01:19.110 The goal is to get a small amount of paper trades. 01:19.330 --> 01:26.620 Scalpers usually focus on very low timeframes like one minute or five minutes at mossed. 01:26.620 --> 01:34.270 This technique is a double edged sword because it is true that you can earn the money in seconds but 01:34.270 --> 01:37.750 you can also lose money in seconds. 01:37.820 --> 01:45.470 Also you need to consider that for small targets the spread has a bigger impact on your positions. 01:45.490 --> 01:52.670 In addition low timeframes are very hard to raids and have many false signals. 01:52.720 --> 02:00.130 If you are at the beginning of your journey as a forex trader will not suggest to start from here. 02:00.130 --> 02:08.880 The second category is a day trader day traders focus on short and medium term trading usually holding 02:08.920 --> 02:12.110 down positions for less than one day. 02:12.160 --> 02:20.110 The main time frames used by day traders are 15 minutes and the one where if you are a kind of trader 02:20.110 --> 02:28.120 who has time to trade who likes to trade during the day but doesn't like the crazy fast action of scalping. 02:28.270 --> 02:34.040 Then that day trading is for you last category is a long term trader. 02:34.180 --> 02:42.340 Usually this category is also subdivided in swing traders and position traders swing traders usually 02:42.340 --> 02:45.360 focus on four hour and daily charts. 02:45.370 --> 02:49.170 But sometimes they also like to use the R and the charts. 02:49.230 --> 02:56.710 I'm a swing trader for example and they mainly traded the one hour chart position traders gave more 02:56.710 --> 03:04.120 importance to daily and weekly charts and they usually hold day positions from several days to several 03:04.120 --> 03:05.340 months. 03:05.350 --> 03:11.610 I have studied and tested their strategy the strategy that we're going to study in this course. 03:11.710 --> 03:13.170 Any timeframe. 03:13.210 --> 03:17.450 I mainly traded with the 15 minutes and hourly chart. 03:17.530 --> 03:24.880 I have once opened a longer term investments that I publish on my Twitter page using this strategy on 03:24.880 --> 03:26.440 the weekly charts. 03:26.470 --> 03:30.450 There is no perfect timeframe for this strategy. 03:30.610 --> 03:33.970 There is only the perfect time frame for you. 03:34.180 --> 03:40.990 So spend the time to think about it try to trade all the time frames to understand which one is suitable 03:40.990 --> 03:46.090 for you and then you're ready to apply this strategy successfully.