All You Need To Know About 5-Second Trades (5ST) On Binomo

Are you looking for a way to trade and make profits in the shortest time possible? Do you want to spice up your trading experience? If so, you might be interested in 5-second trades, a new feature on Binomo that allows you to make super-fast trades closing in just 5 seconds. 

In this article, we will explain what 5-second trades are, what assets and chart types are available for them, how to trade them, and who they are suitable for.

What are 5-second Trades?

Do you dislike waiting around for long-term trades to finish? Perhaps you want to turn a quick profit to move on to another activity. All of us have been there. 

Look no further than Binomo’s latest trading feature, 5-second trades (5ST), if you want to profit quickly from the financial markets. With 5ST, you can execute trades extremely promptly with a single click and profit from even the smallest price fluctuations.

Despite having a shorter expiration period, 5-second trades are comparable to fixed-time trades (FTT).  Select an asset and determine whether, in your opinion, the asset’s price will rise or fall, open a trade, and it will automatically close in five seconds.

If your prediction is correct, you get a profit. If not, you lose your investment. As a result, you can potentially execute more trades in a shorter time and boost your profits. However, it also means that your analysis and decision-making must be done very quickly and accurately.

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What Assets Are Available For 5ST?

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Choosing the appropriate asset to trade is one of the most crucial aspects. Variables like volatility, liquidity, and profitability vary among various assets. You must identify the asset that best fits your goals, trading style, and technique.

Binomo now provides 2 assets for 5-second trades:

• Crypto IDX;
• EUR IDX.

These two highly volatile assets are ideal for quick trades, such as 5STs. This is due to their quick direction changes and numerous entry points into the market. The profitability of such trades is also amazing – up to 82%, depending on the selected asset.

What chart types are available for 5ST?

As shown, Binomo’s 5ST mechanic makes trading incredibly quick. Therefore, to get results, you must be able to interpret and comprehend charts that display asset price changes. 

You may grasp market trends, patterns, and signals with the aid of charts, which are visual trading tools. They can aid in risk management and the planning of your entry points.

For 5-second trades, Binomo provides Line and Mountain chart types. These straightforward and user-friendly charts demonstrate how prices fluctuate over time. By selecting the chart symbol at the platform’s left sidebar, you can change between them.

• Line chart

This chart shows the closing price of each time interval as a single point and connects them with a line. You can use this chart to see the general direction of the price movement and identify support and resistance levels.

• Mountain chart

This chart is similar to the Line chart but fills the area below the line with color. You can use this chart to see the magnitude of the price changes and spot trends and reversals.

Note! 5-second trades are only available on a real account.

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How to trade 5ST?

These are the steps to take if you want to learn how to trade 5-second trades on Binomo:

1. Register for a Binomo account and make a deposit. 
2. Choose one of the available assets (Crypto IDX or EUR IDX).
3. Put in how much money you want to invest in the trade. The minimum and maximum trade amounts are $1 and $1000, respectively.
4. Select the Line or Mountain chart type and the 1-second timeframe. 
5. Analyze the market and search for indications that point to the future movement of the asset price. 
6. Open a trade in the direction of your prediction – click on the green or red button.
7. After five seconds, the trade will automatically close, and the outcome will be displayed on the screen. You get profit if your prediction comes true.

Repeat this procedure as much as you like, but keep in mind to prudently manage your risk and balance.

Note! 5ST trades are only compatible with the 1-second timeframe due to their speed.

Who Are 5-Second Trades Suitable For?

5-second trades are suitable for traders who:

• Want to make the most of every second and squeeze more profits out of the market;
• Want to warm up before trading longer-term trades;
• Want to fill in the time slot between other trades or trading activities;
• Want to have some excitement while trading.

However, 5-second trades are not for everyone. They require a lot of concentration, discipline, and experience. You should only trade 5ST if you are confident in your abilities and willing to accept the possible losses. If you want to try 5-second trades, sign up for a Binomo account today and start trading!