The strategy that all traders, especially beginners, search for to achieve quick profit and exit without significant risk requires the skill of speed and concentration
Select a currency pair with high liquidity and low spread, such as BTC/USD or ETH/USDT, for fast trade execution.
Use short time periods like 1 minute or 5 minutes to monitor price changes and make quick decisions.
Use technical indicators such as the Relative Strength Index (RSI), moving averages, and Bollinger Bands to determine optimal entry and exit points.
Determine entry and exit points accurately based on quick technical analysis and an effective risk management strategy.
Set a reasonable percentage of capital for each trade and use stop-loss orders and profit targets to protect capital and make specific profits.
Trade regularly and stick to the strategy without rushing into decisions.
Learn from past trading experiences and constantly improve your strategy based on analysis and evaluation
It requires high response speed and a high level of concentration, and is not suitable for all traders due to the fast and stressful nature. It is always necessary to have good training and experience before starting to use this quick strategy