Timeframe, Reports and Leverage ...

[shapper]

Hello,

I have been trading stocks for some years and I am now starting with Forex.

For now I am using a demo account and I have a few questions:

1. What is the most common chart time frame used: 5 min, 15 min, 30 min, 1 hour, ...
I tend to use the 30 minutes one ...

2. I know that I should be out of the markets on some reports ...
What reports and where can I see when they come out?

3. What is the leverage you usually use. I hear of people using 1:50, 1:100, etc ...
It sounds a little bit crazy unless a person is scalping ...
I am more interested in day trading to 4 to 5 days trades.
Maybe 1:5?

Thank You,
Miguel

[jima]

for #3, it depends on your account size and your lot size. 1:5 means with a $2000 account you can trade a mini-lot (0.1), but have no margin (trade is closed when this happens).