Course › Level 1: The tools of the trade

Timeframes, zooming in and out

The same market looks completely different depending on how much time each candle covers. On MT5 you'll mostly touch:

• D1 (daily), each candle is a day. The big picture: where is this market going overall?
• H1 (hourly), the medium picture: what's happening today?
• M15 (15 minutes), the fine detail: where exactly could I enter?

The rule that keeps beginners out of trouble

Read the market top-down: D1 first, then H1, then M15. The big timeframe is the tide; the small one is the waves. Swim with the tide.

A trade that looks great on M15 but fights the D1 direction is how beginners buy the top of a falling market. When two timeframes disagree, the bigger one wins.

That's Level 1 done, you know what the broker, the platform and the chart are. Next: reading the chart like a trader.

Mark lesson complete