Quote Originally Posted by PALM View Post
Sitting on a position for a longer period of time requires good analysis and patience. This is something most traders lack. The use of long or shorter time frame depends on your available margin and preferences. I would advice longer time frames to get a detailed view of the market.
Choosing a time frame to trade on depends a lot on your personality. An adrenaline hungry trader will likely seek shorter time frames and more action, while a calm-seeking trader will prefer longer time frames and sitting on a position for a longer period of time.