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1 to 5 minute timeframes can be considered turbo options. Later on they become surprised about why their deposits simply vanish within days, like a donation to the market. Try Turbo Options, economic calendar, daily monitoring of the economic calendar of upcoming and current events. Of course there are different kinds of limitless rates and conditions, but they all are bound to turnover (and not otherwise so a beginner trader would be wise to master them first. Wars are won not just by warlords with their brilliant strategiesvictory requires the support of reliable resources. You know your profit in percent before the deal ends, and you will not pay any more. Take historical data and, without watching the forecast, slowly scroll through the chart manually with a single step equal to one candlestick, make careful decisions, write down your losses, scrutinize the chart attentively, and fixate on profit in your head just to know that. For example, the market can be inactive due to holidays, or the upcoming event can be so valuable that markets beforehand will trade with a low activity rate (consolidate). Make up your mind did you enter the market to make or to spend money? The lower your trading timeframe is, the higher the risk and lower the profitability.
As psychological preparation with this style of trading, step-by-step training is highly recommended. There is another important hint that nobody mentions. Scalpers gain profit from high turnover. You simply have no room for mistakes if you have such a low quantity of profitable deals. Remember, greed bears poverty. Remember the scalpers golden rule: one can not outsit and must close the deal after some amount of time, despite the current there you have the first advantage you are automatically limited in terms of deal time. Intensive movements should not knock you off balance it is essential to be well informed of the reasons for these movements. The precise definitions of who scalpers are may differ.
Risk management in trading turbo options. I just learned this strategy and my money disappeared. That is why before you begin trading turbo options, please read the requirements and advice for traders who have decided to dive into the world of high-speed deals and dizzy trading sessions. It is thought that if 6 in 10 deals are profitable this is a very good result. Implement the notion of stop-trading is a specific number of losses is reached per day and per week. Traders who prefer dealing with turbo options are called scalpers. Usually scalpers purchase expensive specialized software to get around this. Always use strategy testers before making deals in the real market. Not without reason, scalpers are marked as a special segment of market. That is why scalpers dont trade on the news. 90 of traders dealing with turbo options dont follow these rules.
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