FTT Trading on Stockity

With more than 1 million active users worldwide, Stockity is one of the best platforms to trade safely and smartly. It has a very user-friendly interface and an excellent range of trading tools. Its 24/7 availability is also a blessing for active traders. In this article, we will focus on Fixed Time Trades (FTT) and how it works on Stockity. We will also briefly examine indicators and how to trade efficiently.

What is the FTT trading mechanic?

FTT stands for Fixed Time Trades. FTT is the main trading mechanic on the Stockity platform; it is uncomplicated. Four things must be decided to execute a trade: indicate the asset, the amount of investment in the trade, the direction of the chart movement, and the closing time of the trade.

The profitability of trade on Stockity is fixed. It depends on the asset you have chosen, the amount of investment in the trade, and the time of execution. The status of your account also affects the profitability of the transaction. For example, with a Standard account, the profitability of trades reaches up to 85% (no more).

Let’s dive deeper and find out how to trade on Stockity with FTT correctly.

How to trade on FTT?

In its essence, FTT is a trading mechanic for forecasting the asset price movement in the short-term period. You can get profit on even the most minor price changes. 

So, how does FTT work on Stockity:

1. Select an account type: A demo account is the best option to practice trading with virtual money. Choose a real account if you’re prepared to trade with real money.
2. Select an asset: The percentage next to the asset indicates its profitability. A higher percentage signifies a higher potential profit due to fruitful trading.
3. Enter the amount you want to invest in the trade: The trade has a minimum investment of $1 and a maximum of $1,000 (or the equivalent in your account currency). It is recommended to start with a small investment in trading to test the market and gain comfort.
4. Specify the expiration time of the trade:  It is the time when you want to close the trade. You can open a trade for 1, 5, or 15 minutes or increase this time to an hour.
5. Make a forecast: Look at the price action on the chart and then make your forecast. If you think the asset’s price will go up, click the green button; if it will go down, click the red button.
6. Await the trade’s closing: If your forecast is correct, you get a profit! Only the initial investment will be refunded in a tie situation if the opening and closing prices are identical. The investment won’t be returned if your forecast is off.

Simple, isn’t it? Note that you can use various strategies and indicators on Stockity to ensure your forecast is correct. Find out why you need it below.

Why and how to use indicators?

In trading, it is important to use visual tools to analyze the chart and track changes in price movement. Stockity indicators are just such a tool. You can use them with various Stockity strategies to make your trades fruitful.

To select the desired indicator, select “Trading tools” in the lower-left corner of the sidebar. You can choose from popular trading indicators like RSI, Moving Average (MA), Fractals, MACD, Parabolic SAR, or Bollinger Bands. You can also make your custom line charts if you want.

Can I trade FTT on Stockity on weekends?

While Stockity offers you weekend trading, not all assets will be available. The market is closed on weekends, so commodities, currency pairs, and shares are unavailable for trading. They will be available again on Monday at 7:00 UTC. On weekends, you can trade on OTC.

How to be efficient in trading?

The eventual goal of every trader is to make a profit. To do that, you need to be careful and efficient. How to trade on Stockity effectively?? Here are some tips:

1. Start with a demo account: Demo accounts allow you to practice your skills without risking real money. Beginners need to start here.
2. Start with small trades: When first trading, use small amounts of money; even a dollar or two is sufficient. You can always scale up when you get the hang of it.
3. Start with popular assets: Popular assets have a lot of information and analysis on them that you can use to polish your skills. They also behave in predictable ways, making it easier to trade them.
4. Learn: Remember to learn new things and research new indicators and strategies on Stockity. Education is your main weapon in effective trading.

Remember always to manage your risk; markets are often difficult to forecast, and even experienced traders can lose money. Trade only with money you can afford to part with.