Should You Incorporate Long-Term Or Short-Term Trading Strategies?

Trading

The post Should You Incorporate Long-Term Or Short-Term Trading Strategies? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

One obvious fact that characterizes the trading world is that every trader has their respective needs, skills, level of knowledge, and ingenuity, all of which inform the choice of trading systems or platforms to pitch tents with. 

As a reference, we would dwell on both short-term and long-term trading strategies as two key models adopted by users around the world.

The terminologies are as simple as they appear and while short term trades represent trades or investments that typically span for a short period of time (maximum minutes) as defined by the exchange or brokerage, long term trades are financial investments made in whatever form that spans for days, weeks, months and even years.

Suffice to say that both short-term and long-term trading strategies can yield a profitable or desired result if the user is willing to master the skills needed to navigate the market, while also exhibiting the required patience to reap the desired results.

However, short-term contracts often present a swift cash-out option for investors who understand both technical and fundamental factors governing the market. 

Becoming a short-term trader also has its intricacies, and it is highly favored by the choice of trading platform one chooses to trade with.

Brokerage outfits like TurboXBT have the right products, and resources to push for profitability amongst users, and by virtue of its offerings, has grown to become one of the fastest-growing short-term trading platforms around.

Benefits of Trading Short Term Contracts on TurboXBT

Why wait for long when one can easily make a huge profit in a relatively shorter amount of time while trading assets are given the right platform?

This is one of the motivations that has pushed many short-term traders to pitch tent with these new but growing trading strategies. As a major brokerage in the short term trading ecosystem, here are some benefits TurboXBT offers traders;

  • Simplicity and Unique Design

TurboXBT is a platform whose design speaks of simplicity on all grounds. The platform is very easy to grasp and use

  • High Profitability and Fast Payouts

Trading on TurboXBT notably guarantees instant payouts borne out of the platform’s high liquidity pool for all of the supported assets.

  • Diverse Assets Supported

With TurboXBT, there is a very high tendency that all traders, irrespective of the niche market they are specialized in, will find an asset pair to trade.

  • Convenience in KYC Provision

TurboXBT requires no KYC from its users, a policy that grants a lot of ease to new users and traders who place a premium on their private data.

  • Demo Account for Practice

TurboXBT is not one of the platforms that leaves traders to do trial and error, and as such, has integrated a Demo account for all users to practice.

Simplicity and Unique Design

Trading capital markets can be a confusing adventure, and TurboXBT has done a lot of design improvements that now make it easy for all users to trade on the platform without any form of guide. 

To use TurboXBT, the user will need to log in to his account and select the asset pair to trade, for example, the BTC/USD pair.

A suitable time frame that is visible on the chart interface is then chosen, and the trade is executed by clicking either the green UP button for the upward trend or the red DOWN button to bet on price falls.

Trade winnings are dependent on whether the traded pair gained or lost in value within the set time limit. 

Every aspect of the platform is designed such that even the newest traders can find their way around.

High Profitability and Fast Payouts

TurboXBT is the kind of platform that demystifies the lack of profitability on short-term trading contracts platforms. Users who trade assets on TurboXBT can expect to earn as much as 90% on a single trade provided market conditions are favorable.

The high earnings potential on TurboXBT is further complemented by the fast payouts. This takes a wide diversion from most platforms who wastes user’s withdrawal processing times for lack of adequate liquidity. While TurboXBT puts no cap on potential earnings, all users are swiftly paid what they make from the platform.

Diverse Assets Supported

A trader who is most familiar with the foreign exchange market will find a home on TurboXBT with the 8 forex currencies supported. So also will a trader that has expertise in either the digital currency ecosystem, commodities, or indices.

The diversity of the supported assets spans 17 distinct assets all spread into 38 trading pairs. While this number seems impressive for a platform less than a year old, TurboXBT is committed to adding more assets across the major markets prominent for financial assets trading.

Convenience in KYC Provision

TurboXBT users generally find confidence in using the platform as no KYC documents are demanded either at the point of registration, deposits or withdrawal of funds. 

While this provision makes the platform a haven for users who place a premium on remaining anonymous, it also prevents the platform from mischief-makers who target users’ personal data stored on centralized servers.

Overall, the no-KYC provision contributes to the safety of the platform as well as the overall enhanced user experience.

Demo Account for Practice

TurboXBT users are prone to trial and error as the platform has an inbuilt Demo account that can be resorted to by users to master their trading strategies across all supported assets. 

Each account comes with $1,000 and can be replenished. With the money, users can enter UP or DOWN contracts within the supported time frames which range from 30 seconds to 15 minutes.

While the winnings, as well as the losses, are unreal, they give the exact replica of what to expect from using the platform. 

Demo accounts are crucial resources that help users gain confidence before committing actual funds to the platform.

Short Term Trading is Worth it, But With the Right Platform

There is risk in every financial market where investments are made. The same applies to short-term trading strategies on offer on all platforms including TurboXBT.

However, the adoption of a short term trading strategy is often worth it with the right platform with as many backup resources for mitigating whatever risks that may be posed by the market.

Users can try out the Demo on TurboXBT today, and gain an appreciation for why thousands of users now name the platform as their preferred choice for short-term synthetic digital assets.

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