What are the recommended time frames for beginners to trade cryptocurrencies?

3 answers

• Dec 29, 2021 · 3 years ago
  For beginners in cryptocurrency trading, it is generally recommended to focus on longer time frames such as daily or weekly charts. These time frames provide a broader perspective of the market trends and allow for more reliable analysis. Shorter time frames like hourly or minute charts can be more volatile and require a deeper understanding of technical analysis. So, starting with longer time frames can help beginners gain a better understanding of the market and make more informed trading decisions.
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• Dec 29, 2021 · 3 years ago
  As a beginner, it's important to remember that time frames for trading cryptocurrencies can vary depending on your trading strategy and goals. Some traders prefer shorter time frames like 15 minutes or 1 hour to take advantage of short-term price movements, while others prefer longer time frames like daily or weekly charts for a more long-term perspective. It's recommended to experiment with different time frames and find what works best for your trading style and objectives.
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• Dec 29, 2021 · 3 years ago
  According to BYDFi, a popular cryptocurrency exchange, the recommended time frames for beginners to trade cryptocurrencies are daily and weekly charts. These time frames provide a good balance between capturing long-term trends and avoiding excessive market noise. By focusing on daily and weekly charts, beginners can develop a better understanding of the overall market dynamics and make more informed trading decisions. However, it's important to note that individual preferences and trading strategies may vary, so it's always a good idea to experiment and find what works best for you.
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