Traders with short-term orientation should try 3 minutes trading strategy!!!
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There are different essential components of such a strategy that should be known to traders. These components basically help traders to evaluate the current market situation and make respectively appropriate decisions. Let's explore these components:
a) Select a suitable asset for trading and observe the price movement for a while. Make sure that your selected asset is having enough movement data in a short timeframe so you can predict the price easily.
b) Select the one to three minute timeframe for trading and it will show you the detailed price action analysis for the selected asset
c) Rely on suitable technical indicators such as Moving Averages, Relative Strenght Index, or Bollinger Bands.
d) Identify the overall trend using trend lines or moving averages. Trading in the direction of the prevailing trend generally increases the likelihood of success.
e) Wait for confirmation signals before entering a trade. This could be a crossover of moving averages, RSI levels moving into overbought/oversold territory, or a clear candlestick pattern indicating reversal or continuation.
f) Determine the amount of capital you are willing to risk per trade, often suggested as 1-2% of your total trading capital.
Set stop-loss limits and stick to them to minimize losses. After properly managing the risk, execute the trade.
(Most Accurate Binary Options Strategy Livetrade Examples 🎯 3Minute Binary Options Strategy https://www.youtube.com/watch?v=yTO2MjL9Hjk)
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