Let's explore a 3 minute price action trading strategy in binary options trading!!!
If you are a beginner and interested in a short-term trading strategy i.e. 3 minutes trading strategy; in this post I am going to share a reliable trading strategy that will transform your trading results for good. First, you need to comprehend the concept of price action trading: In many posts on this page I have explained that a price action trading strategy is basically all about analyzing the price movement for any given asset without considering the implications of different indicators. It directly focuses on the ongoing market trends with the help of analysis of current price chart in order to understand the present price trends that are reforming the future of trades!
(Watch this video on 3 minutre trading strategy and see how I made profit of $44 in just 3 minutes
In this strategy, first of all you need to select the 3 minute timeframe that would help you observing the short-term price trends in the market. At this time, you are already avoiding the noise that persists in the longer time frame. Now, mark the important support and resistance levels in the chart. These support and resistance levels will highlight the different lows and highs where price of an asset attempted to go lower or higher. After that, try to locate different candlestick patterns in the price chart such as "Doji", "Engulfing", or "Hammer/Inverted Hammer". Don't forget to observe the volumes at different levels because volumes actually validate the strength of price move. Once the confirmation candle closes, make your entry. During all this process, don't forget to proactively manage your trade risks such as never try to invest more than 2% of your portfolio on a trade. If you are a beginner and want to practice this strategy; demo trading is a best option for you.
#BinaryOptions #PriceAction #TradingStrategy #3MinuteStrategy #FinancialFreedom #Investing #Forex #Crypto #StockMarket #DayTrading #TradingTips #TradeSmart #CandlestickPatterns
#NMBO1896
(Feed generated with FetchRSS)
source https://www.facebook.com/441750894624738/posts/985719656894523
No comments:
Post a Comment