Which time frame is more suitable for beginners in cryptocurrency trading, short or long?

1 answers

• Nov 29, 2021 · 3 years ago
  As a representative of BYDFi, I would recommend beginners in cryptocurrency trading to start with longer time frames. Long time frames provide a more stable and less volatile trading environment, which is beneficial for beginners who are still learning the ropes. By focusing on longer time frames, beginners can gain a better understanding of market trends and develop a more strategic approach to trading. Once they have built a solid foundation, they can gradually explore shorter time frames if they wish. However, it's important to note that every individual has different preferences and trading styles, so it's essential to find the time frame that aligns with your goals and risk tolerance.
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