timeframes

There is no need for a beginner to use different timeframes for setup and entry. Many people use a single timeframe to find a setup, manage the trade and exit the trade.

Strategy is essential when you start trading, and part of that strategy is using timeframes. A timeframe is the relative amount of time that you expect to spend in a share. Each time frame displays the same data, but in different intervals. Examples of intraday timeframes are 60-minute, 30-minute, 15-minute, 10-minute, 5-minute, 3-minute, and 1-minute. Typical preferred share trading time frames are longer: monthly, weekly and daily.