Best Expirations time in fixed time trading for beginners on Olymp Trade Platform
Options trading is one of the most advance and
profitable trading and most successful traders prefer options trading compared
to futures trading because of better risk management and profitability.
Options trading or trading system similar to
options trading is a dream for forex traders or traders who do spot trading but
from last few years, Fixed time trading is available for ordinary traders and
this is a dream come true for lot of traders as they now can trade fixed time
trading which is very much like options trading with small funds too.
Experience traders prefer options trading in
futures trading exchanges and now some forex traders experience fixed-time
trading because of better risk management options. Olymp trade is one of the
pioneers to introducing fixed time trading platform for ordinary traders and a
lot of traders enjoy fixed time trading on Olymp trade platform.
Fixed time trading is better than forex trading
if you have trading knowledge and skills and especially for beginners or
traders who have limited funds but again it's important that you have good
trading skills to make a profit otherwise you will make mistakes and lose.
In Fixed time trading, you can choose the expiry time from 1 minute to 23 hours. Most new traders choose small expirations time when they start fixed time trading. Normally they choose 1 to 5 minute expiry time which in my opinion is not good for new traders. A small expiration time is more suitable for experienced traders with good trading skills because they know when to trade in the market with a small expiry time. New traders mostly lose in small expiration because of a lack of trading skills and after losing money they blame the broker for their losses. This is why I advise a higher expiration time for someone who is new to trading.
When you do higher time expiration trading it
gives you a couple of options that you can't do in 1 or 5-minute
expiration fixed time trading.
Higher expiration trading gives you the option to
close the trade before the expiry of your trade when you see the market is
running against your trade forecast. This way you can close your trade with a
small loss instead of losing the whole trading amount in 1 minute or 5-minute
trading.
You can just close your trade in loss before expiry but you can also close a trade in profit before trade expiration. You can use this feature when you see your trade running in profit but because of a sudden new event or any other market sentiment, you think that this trade will close in loss in your due expiration time.
This is why 1 hour or more trade expiration time is more suitable for new traders who recently start fixed time trading because this gives you the opportunity to close your trade either in loss or profit before expiry when you see the market can move against your trade entry.
Olymp trade offers a free demo account for
beginners and you can practice in the demo account first and learn or create a
trading strategy in a demo account like what is the best trade expiration time
for your trading strategy.
Short trading expiration is best when any major
news or economic event happen. Like some experienced traders trade fixed time
trading with 1 or 5 minute expiration time when news event like NFP (Non-Farm
Payroll) occurs because when NFP data is released, the market becomes very
volatile and moves both up and down. With small expirations you can take benefit
of this volatility and make a handsome profit.
I will strongly advise all new traders to first
practice in the demo account and learn some trading strategies which you can
use in your live account. Only then. Move on to invest your money in a real
account and rely on your personal skills to make the most of it.
Good Article!! This method is very effective and useful in the FTT
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ReplyDeletereally helpful knowledge for my Olymp Trade trading
ReplyDelete