Imagine yourself as a skilled batter like Virat Kohli, standing at the crease with a bowler preparing to bowl a fast delivery. Just as timing is important to hit the ball with power and accuracy, intraday trading requires good timing to make profitable trades. Just as Virat Kohli carefully swings the bat at the right time to play a shot, traders must choose the best time frame for intraday trading to enter and exit positions for good results in the market. In this article, we will see the best time frame for intraday trading and why you should trade in that time frame.
Best Time Frame for Intraday Trading
As a beginner, finding the best time frame for intraday trading; can save us a lot of money and help us to walk steadily on the right path in trading. So initially, finding the best time frame for intraday trading is necessary.
As a beginner, 9.30 am to 11.30 am is the best time frame for intraday trading as they are less volatile and easy to trade. Any beginner with less experience can trade in this time frame to achieve good results in the long term.
Trading at the Opening of the Market
Trading in the first 15 minutes is not suitable for inexperienced traders.
The first 15 minutes market reacts to late-night news and the global market, so these 15 minutes to trade can be tricky until and unless you have good trading experience and know what you do in the market.
So if you are a well-experienced trader, you can trade in the first 15 minutes in the market, but if you are a beginner, you should wait until 9.30 am.
The best time frame for intraday trading is 9.30 am to 11.30 am, which has ideal trading volume, low volatility, and moves moderately rather than aggressively. After 11.30, the price becomes slow, which tests the trader’s patience, which is unsuitable for newbies.
The Best Candlestick Time Frame for Intraday Trading
Choosing the best candlestick time frame for intraday trading is essential for your intraday trading strategies. Most Intraday traders select candlestick chart time frames between 5 minutes to 1 hour.
The 5-minute and 15-minute time frames are the best candlestick chart time frames for intraday trading. The 5-minute time frame is mainly used to enter and exit trades, while 15 and 30 minutes use to monitor the trend or price action. And the 1 hour time frame provides a broader view of the market and is also helpful in finding significant levels, such as support and resistance.
An intraday trader also uses a daily timeframe to check the shape of the candle, which shows the overall market trend.
How Do Experienced Traders Choose the Time Frame?
Selecting the time frame is relatively easy to experience traders. They can trade in the first 15 minutes, 9.30 to 11.30 am or in the afternoon session. They trade on their experience and knowledge about the market. They have developed their trading style over time.
As beginners, traders can enhance their chances of making profitable trades by carefully selecting the best time frame for intraday trading. It can save them from potential losses and set them on the right path.
The recommended time frame for intraday trading is typically from 9.30 am to 11.30 am, characterized by lower volatility and easy to manageable for newbies to trade.
Candlestick chart time frames between 5 minutes and 1 hour are mainly used for intraday trading, in which the 5-minute and 15-minute time frames are particularly popular.
Experienced traders rely on their knowledge and experience to choose the most suitable time frame for their trading strategies. By understanding the significance of timing and selecting the correct time frame, traders can navigate the market more effectively and increase their chances of success in intraday trading.
Frequently Asked Questions
Because we need more data for Intraday trading, for example - one 1 hour candle = twelve 5 minutes candles. On the 1-hour chart, you will see limited data, but on 5 minutes chart, there are 12 different candles showing data, so deciding on a 5-minute time frame is more accessible than a 1-hour time frame.
The best time frame for intraday trading is 9.30 am to 11.30 am.
The 1-hour chart time frame for drawing levels and then open smaller timeframes like 5 minutes/15 minutes for taking entry