Trading Basics
How to be efficient in trading?
The main goal of trading is to correctly forecast the movement of an asset to get a profit.
Use the demo account to explore the platform. A demo account allows you to try out new assets, strategies, and indicators without financial risks. It’s always a good idea to come into trading prepared.
Open your first trades with small amounts, for example, Rs.10 or Rs.20. It will help you test the market and gain confidence.
Use familiar assets. This way, it will be easier for you to predict the changes. For example, you can start with the most popular asset on the platform – BTC,ETH.
Use the demo account to explore the platform. A demo account allows you to try out new assets, strategies, and indicators without financial risks. It’s always a good idea to come into trading prepared.
Open your first trades with small amounts, for example, Rs.10 or Rs.20. It will help you test the market and gain confidence.
Use familiar assets. This way, it will be easier for you to predict the changes. For example, you can start with the most popular asset on the platform – BTC,ETH.
What is a time frame?
It is a trading platform’s “price scale” for a certain period. If you select a 15-minute time frame on a line chart, you will see the part of the price chart showing the price movement for the last 15 minutes. If you select a 5-minute time frame it will be showing the price dynamics for this period.
You can choose the following time frames on the platform: 5, 15, and 30 minutes, 1 hours.
You can choose the following time frames on the platform: 5, 15, and 30 minutes, 1 hours.
What is an asset?
An asset is a trading instrument. You can earn money on its price difference in different periods of time. Assets can be currency pairs, companies stocks, indices, commodities, etc.
What is a trading platform?
It is an online platform where users track the quotes of different kinds of assets and make trades using the services.
