LONG TERM TRADING: Timeframe: Daily/weekly Open position for a month or year 1-2 trade in a month 100-500pips profit target and stop loss 50-250pips (R:R=1:2) SWING TRADING: Timeframe: 1 hour/4 hour Open position for few days or a week 1-2 trade in every week 50-100pips profit target and stop loss 25-50pips (R:R=1:2) DAILY TRADING: Timeframe: 15 minutes- 1 hour Open position for few hours or a day 1-2 trade every day 20-50pips profit target and stop loss 10-25pips (R:R=1:2) SCALPPING: Timeframe: 1 minute - 5 minutes Open position for few minutes 5-10 trdares every day 10-20pips profit target and stop loss 5-10pips (R:R=1:2) It is just my opinion. If you know more please let me know. It is very important for successful trading to use right type of trading method with right type of timeframe and TP, SL.