One of the common myths of trading is that if you are short of time then you should trade on the lower time frame charts such as the 1 minute/5 minute and even 15 minute time frames.  Most novice or aspiring traders have a job or other such priority in their life, which takes up most of their time.  So when short of time, and at first glance, trading on the lower time frames  would seem a perfectly reasonable choice and action to take.

However, there are several things going against that assumption as the smart thing to do: Continue reading →