Monthly frames, like all frames, are suitable for simple trading, but this one is for swing traders, that is, long-term trades lasting for months. The goals are extremely high, almost reaching 2000 to 3000 points, and possibly more, too, though you should also consider your assets. Method of analysis on such a large frame is extremely challenging because you work on the candle frame in it, imagine that you have 500 dollars with you, and you say that you will now enter a deal on an indefinite basis.
Additionally, the corrections are also large, so your capital must also be large, and I think that there are few who do that. I think the maximum of them is on a daily frame, I mean, and the deal can take a week or two, and it calculates big points as well, but with minds and according to capital, but the majority of traders and I am the first of them to scalping on a quarter-hour frame with a contract Is it reasonable and I kidnap simple points and get fired because I am a sponsor of my capital and know my psychology and greed, so I came out with a simple profit and there is no length in the deal