yeah same old shit over and over again, the ones that know how to trade do not and will not read anything revolutionary from any posts here. we all know is game of luck, analysis, reactions, psychology, money management and even so no one is psychic so no one can predict the market accurately.
having said that, i Have been trading Digital options for not too long but find it complementary to my trading.
i personally believe that newbies whether trading spot or options would probably do better following the digital call, and put mentality than any indicator out there.
1- will price close higher or lower than the current price?
why? technical patterns? current events? change in monetary policy? fiscal policy? contraction or expansion of economy? etc
2- do i expect price to be within current volatility band, range, or higher?
market hours? news? immediate pass volatility range?
3- how much is my exposure and pay out?
really do some work in calculating exactly how many pips per $
4- placing a stop or a t/p is like a touch and no touch option and for that... do i expect price to touch this level? why? what is my exposure,
5- how long do i expect this move to take (expiry), for this answer you need to know how much on average the current asset moves in a day, hour, minute, market times.
having said that, i Have been trading Digital options for not too long but find it complementary to my trading.
i personally believe that newbies whether trading spot or options would probably do better following the digital call, and put mentality than any indicator out there.
1- will price close higher or lower than the current price?
why? technical patterns? current events? change in monetary policy? fiscal policy? contraction or expansion of economy? etc
2- do i expect price to be within current volatility band, range, or higher?
market hours? news? immediate pass volatility range?
3- how much is my exposure and pay out?
really do some work in calculating exactly how many pips per $
4- placing a stop or a t/p is like a touch and no touch option and for that... do i expect price to touch this level? why? what is my exposure,
5- how long do i expect this move to take (expiry), for this answer you need to know how much on average the current asset moves in a day, hour, minute, market times.
AVT INVENIAM VIAM AVT FACIAM