Trading timeframe will not actually affect your returns or your ability to trade. Trading timeframe is really more like a preference, a preference. The bottom line is that to become a profitable trader, you can actually be a short-term timeframe trader all the way to a long-term timeframe trader.

It’s just like you’re trying to get from point A to point B. There’s a lot of different ways of getting from point A to point B. And it doesn’t mean that if you use a daily chart or a weekly chart, you will get to point A faster or you’ll get the point A less effort and stuff. Because in reality, trading is really about your willingness to put in effort to learn at the start and then to apply thereafter.

So I would say that it is more important to consider the timeframe based on your time availability as well as your personality.

Interested to receive mentorship opportunities like this with Philip?

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Philip Teo

Founder & CEO at Traderwave Pte Ltd
Philip Teo is an entrepreneur, speaker and trading coach who specialises in the field of Technical Analysis of the financial markets. He is currently the Founder and CEO of Traderwave Pte Ltd, a financial technology company that offers a web charting application to global traders. He has conducted many trading seminars and appeared on national television before. He is also currently an official speaker and trainer with SGX Academy. Learn more about him at his Google+ Profile, LinkedIn Profile and Facebook Profile

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