How to Make $50 with a 3-Minute Candle
Key Considerations
- Volatile markets: stocks, forex, crypto
- Risk tolerance and capital size
- Trading strategy
5-Step Trading Plan
1. Choose Volatile Asset
Select stocks, cryptocurrencies or forex pairs with significant price movements.
2. Scalable Trading Strategies
- Scalping: quick trades for small gains
- Momentum Trading: follow market direction
- Breakout Strategy: trade on support/resistance levels
1. Technical Indicators
- Moving Averages (9-EMA, 20-EMA)
- Relative Strength Index (RSI)
- Volume confirmation
1. Risk Management
- Stop-loss to limit losses
- Take-Profit for realistic targets
- Position sizing to avoid overleveraging
1. Quick Execution and Exit
- Exit on target or stop-loss
- Fast reactions due to 3-minute candles
Example
1. Trade volatile asset with leverage.
2. Aim for 0.2%-0.3% gain on large position.
3. Exit on profit target or stop-loss.
Important Notes
- High risk due to quick price changes.
- Not every trade will be profitable.
- Practice on demo account before real trading.
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