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Don’t let the fluctuations drive you nuts. You got to learn to HODL. Now, if you aspire to become a short-term (Swing) trader, you should consider using the hourly or daily charts. This gives your portfolio more chance of growth as you can take several trades each day. The downside? Well, it can be costly, as you have to factor in the commissions, spreads and swap rates. Lastly, let’s look at the most adventurous of the bunch, the Intraday traders, also known as Scalpers. If you are an Intraday trader (or those who like to scalp), you should consider the high-action, minute to hourly time-frames. This gives you more trading opportunities, but it can also be costly, and earnings may not be quite substantial. Another thing to consider is the amount of capital on hand. Shorter time frames lets you make better use of margin and have tighter stop losses. Larger time-frames, on the other hand, require bigger stops, thus bigger capital.
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