What Are The Top 3 Tips To Stay Profitable On TurboXBT?
Trading some digital assets can come with a lot of stress as the volatility can push traders who would rather be better off trading with high profits, will otherwise anticipate periods when the market is bullish or green before entering. The emergence of the TurboXBT platform eliminates this stress as users can now trade on either price gains or falls for a chance to win up to 90% instant profits within a few minutes.
TurboXBT and the Hopes of a Unicorn Drive
The journey of a thousand miles is often said to begin with a step. The emergence of TurboXBT as a new trading platform is disruptive in many aspects. While many traders investors are familiar with the operations of centralized digital currency exchanges, as well as their decentralized counterparts, TurboXBT presents a short term contract trading version for the synthetic versions of digital assets like Bitcoin (BTC), Ethereum (ETH), the S&P 500, Crude Oil, Gold and Silver amongst others.
As a relatively new player in the ecosystem, TurboXBT hopes to become the leader in its product offering, and the pioneer of short-term trading for mainstream crypto assets. The platform is designed with a number of innovative features to trail the right path in achieving this feat.
Staying Profitable on TurboXBT
Amongst the proud promises of TurboXBT is to offer users the chances of earning high and instant profits on short term trade placements ranging from 30 seconds, to 1 minute, and to a maximum of 15 minutes. However, there is a lot of difference between earning on a one-time basis and staying profitable trading on the platform. We would explore three essential tips that can help traders sustain their high earnings on TurboXBT, however, a short exposition into the features of the platform is necessary.
TurboXBT supports 17 synthetic assets that track the prices of their underlying digital assets. These 17 assets are spread across 38 various trading pairs, all of which have a unique payout rate, which could either be defined as a single double digit rate or a range. These payouts define the winnings on the platform.
TurboXBT is built to be fast, convenient and highly responsive, a combination of which is essential to help traders pick the slightest price changes in the market capped by a 99.9% platform uptime. Here is how the platform works in short: The trader chooses the asset pair to trade, for example, the AUD/NZD 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.
With this platform background, here is a quick dive into three tips that can help a trader stay profitable:
Tip #1: Trade less Volatile Assets
Users may need to understand the dangers and risks in trading highly volatile assets particularly the cryptocurrency pairs supported on the platform. Irrespective of the high payout rates they may brandish per time, the goal here is sustainable earning, not a one-off high payout. Fewer volatility assets tend to be able to make less damning price moves, giving the trader enough flexibility to execute and complete profitable trades.
Tip #2: Employ a Personalized Risk Management Technique
The primary goal for TurboXBT is to ensure that its platform users have intermittent winning streaks marked by the intersection of avoidable losing trades. The TurboXBT platform does not have stop losses as other mainstream exchanges do, and as such, users must develop their own risk management techniques, taking note of the market dynamics of their preferred trading pairs. In all, TurboXBT users are encouraged to trade with the money they can afford to lose.
Tip #3: Practice! Practice!! Practice!!!
Becoming a professional and a profitable trader is not a day’s task. To attain a high level of proficiency, users will need to utilize the Demo account on the platform to practice times and time again. Just as learning even for the most advanced traders never ends, TurboXBT users must be ready to commit to learning and practice in their actualization of sustainable winning records.
TurboXBT can be a platform for both the new trader and the more experienced investor. An equal opportunity has been created for everyone to succeed, and users are advised to adopt the aforementioned strategies as they set out to walk the TurboXBT Hall of Fame.
|Category||Short-term trading platform|
|Article title||What Are The Top 3 Tips To Stay Profitable On TurboXBT?|
|Size||1000 – 3000 symbols|
I. Lead sentence
Smth like that: Instead of trading with high profits, you have to remain an investor who is waiting for the green market
The platform is launched recently, but aims to become the leader and offers the outstanding conditions
III. Main body
Describe the key features of the platform and how it works and 3 hints on how to stay profitable using TurboXBT
IV. Closing quotation
Find something that sums the article up in a few words.