How to start trading crypto with small investment

New traders often falter by selecting time frames that misalign with their personality traits.

Novice traders eager for rapid profits may gravitate towards 1-minute or 5-minute charts. These timeframes necessitate extensive trading experience, self-discipline, and quick decision-making.

Conversely, some traders find comfort in 1-hour charts, offering a balance with enough signals and ample time for market analysis https://currencytradingapp.pro/.

For others, the 1-hour timeframe might feel too rapid. They may prefer daily or weekly charts, allowing them to engage in trading for only 15 minutes a day.

Identifying your optimal time frame hinges on aligning it with your personality, trading frequency, daily schedule, and trading appetite.

Consider the capital you will allocate for trading. Shorter time frames allow for tighter stop losses, reducing margin requirements and associated risks.