Investing in the 1-minute time frame on Binance refers to carrying out trading operations in a very short time frame, where each candle on the chart represents one minute of time. This form of trading is known as scalping and is popular among traders looking to take advantage of rapid market fluctuations to make profits in a short period of time.
Here are some key points about trading on a 1-minute time frame:
- Volatility: 1 minute charts can be very volatile and prices can change quickly, offering opportunities for quick profits.
- Technical Analysis: It is essential to use technical analysis to identify price patterns and trading signals in these short time frames.
- Risk Management: Due to high volatility, it is crucial to have a solid risk management strategy to protect against significant losses.
- Transaction Costs: Performing many operations in a short time can result in higher transaction costs, which can affect profitability.
- Strategy and Discipline: A clear strategy and strict discipline are required to be successful in scalping, as decisions must be made quickly.
In conclusion, great Traders recommend closing positions from 20% onwards, as well as these profits of mine:
It is important to remember that trading in short time frames such as 1 minute can be risky and is not suitable for all investors. It is recommended to practice on a demo account and gain enough experience before trading live. Additionally, it is always helpful to continually educate yourself and stay abreast of market news and events that can influence cryptocurrency prices.
