Long-term trading – from one to several transactions per month or investing your money for a period of one year. For long-term trading, you can use charts with a time frame of 1-4 hours or more.
Medium-term trading – several transactions per week. Medium-term trading usually uses charts from 5 minutes to 1 hour.
Short-term trading – transactions within one business day. For short-term trading, charts from ticks (can change within a second) are used up to about 1 hour.
Learn how to trade with us!
If you came to our site, then you have decided to embark on the path of trading and are ready for all the difficulties and risks. But for the best result, you need to have a trading strategy, understand how the market and its tools works. Octofinance offers exactly what you need for confident trading in global financial markets.
To be successful in trading, you need to understand the importance and adhere to a set of proven rules that guide all types of traders with different sizes of trading accounts.
Always use tools for progressive trading
When trading in financial markets, most newcomers rely on their intuition or luck. But experienced investors and reliable brokers recommend using special tools of the trader to increase the efficiency of the trading process.
An effective strategy will help you prepare for action before a profitable opportunity arises. The goal of your strategy should be to identify patterns and trends that indicate trading opportunities and can bring positive profits.
This strategy is especially popular in the Forex market and expects to capitalize on minor price changes. The driving force is quantity. You will begin to sell as soon as the transaction becomes profitable. This is a quick and exciting way to trade, but it can be risky.
Impulse strategy, popular among beginners. This strategy revolves around influencing news sources and recognizes the value of trend movements with the support of large volumes. This method is simple and effective when used correctly.
When a trend breaks, swing traders usually enter the game. At the end of a trend, some price volatility is usually observed when a new trend tries to establish itself. Swing traders buy or sell, precisely at the moment of price volatility. Swing transactions are usually conducted more than a day.