Time frames are the duration of price action picked by trader.It can be 1 min,5 min,15 min,1 hour etc.Many traders also choose tick charts which is not dependent on time.Tick charts progress based on ask and bid.
Choosing your time frame
It really depends on what type of trading style you adapt.If you are an intraday/day trader,your time frame could be 5 min,10 min or 15 min.Swing traders choose 30 min,60 min and daily time frames.The longer your trading style,longer will be your time frame selection.
For short term positional trades,weekly and monthly time frames are chosen.Lets understand time frames with few examples.Below you can see a 1 min chart.A new candlestick is plotted every single minute.Candlestick shows whatever price change happens inside the selected 1 min time frame.
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