Choosing an asset to trade Fixed Time Trade is one of the most essential things to achieve a good profit. This is not an exaggeration, as simply choosing an asset pair to trade Fixed Time Trade takes up a lot of analysis time for professional traders.
Why must you choose assets to trade?
For example, choosing a currency pair based on the time frames of the day, what news affected the market, what is the world situation like, which indicators signal should be used…
It’s mean, choosing the correct assets to minimize risk is extremely difficult. This article will briefly list the essential topics for you to analyze which is an appropriate asset.
Choose a currency with a high payout rate
As advice, the highest asset return is the best option. That is your return every time you win a Fixed Time Trade trade. Besides, a high loss compensation ratio will reduce your chances of losing a lot.
On the Olymp Trade platform, the default account’s rate of return is up to 80%. But once you upgrade your account status to Expert on Olymp Trade, it will be raised up to 92%. https://traderrr.com/vip-olymp-trade-upgrade-your-account-status-olymptrade/
When the payout ratio is below 60%, you should not be stubborn and trade, unless the signals from the technical analysis are too clear.
Best time frame Fixed Time Trade for day trading
If you pay attention, you will see that each currency owns a high rate of return at each particular time of the day. There are timeframes with high return rates and vice versa. If you trade a lot, you should pay attention and you can guess what time of the day to trade. For example, USD-JPY will have a payout below 80% until 10 am, after 10 am the rate will increase to 92%.
Get familiar with one asset
When you follow an asset, you realize a lot of problems surrounding it. These things will form your routines, helping you to analyze better. Patiently following one and only one asset, you will learn many signals on the same pattern, and automatically memorize them.
The professional traders you see in novels and movies are also inspired by reality. They monitor multiple monitors, but each monitor only tracks the status of one asset.
At the weekend, when the currency, stocks stop trading. You only trade virtual currency, since they are not based on currencies but only on news, they will be more difficult to calculate. Besides, the duration of a session will increase to a minimum of 5 minutes, more difficult. Accompanied by a lower return rate. These things change your daily routine so don’t trade on the weekends.