Immediate Edge’s mission statement is to improve your trading results by helping you make better trading decisions.
In order to do this, they’ve built custom algorithms and models that find profitable trades across all asset classes on the foreign exchange market and then send them directly to your trading platform via an API (Application Programming Interface).
This allows you to stay focused on what you’re doing while also using the power of their software in the background to help you make money in the market.
Identify High Probability Trades
Identifying high-probability trades is an essential step in building a profitable trading system.
Unfortunately, developing successful trading strategies often requires you to sift through various trade setups and have them audited by someone else with expert knowledge of your chosen strategy or instrument.
Immediate Edge Using a systematic approach in conjunction with clear risk management rules can be used to uncover high-probability trades in any market environment.
The majority of binary options traders fall victim to losing trades due to overexposure or failure to identify risk early on.
Although some traders are able to recoup their losses, many others never recover from their initial mistakes.
It is critical that you take every possible measure to understand how markets move and how certain indicators interact with one another before putting your hard-earned money at risk.
Understand The Risks Of Any Trade
Before you make any trade, you should know exactly what you’re getting into. Study your options and their underlying assets—and ask yourself if you truly understand all of them.
If not, take a step back: re-evaluate your current trading strategy before placing another trade.
Don’t let greed or fear dictate your next move. Instead, look at every aspect of each potential trade objectively to ensure that it aligns with your goals as an investor.
Measure Risk Versus Reward
The cornerstone of any profitable trading strategy is to identify and take advantage of opportunities with a high degree of risk-reward.
If you’re new to trading, one of your first goals should be to learn how to measure a trade’s potential risk versus reward.
Avoid Impulse Trades
Many traders, including beginner traders, enter and exit trades without any plan. Successful trading takes preparation, patience, and discipline.
If you’re a new trader who’s prone to impulsive decisions, you might want to consider software that helps limit your trading risk.
Software that limits your losses can be beneficial if you’re a beginner or if you tend to overtrade.
Prioritize Trade Executions
Sometimes, of course, trading is about buying and selling. We’ve built software to help you execute your trades better by providing you with decision-making support.
Our software gives you access to real-time trade recommendations—based on a variety of technical and fundamental factors that inform whether it’s a good time to buy or sell—and lets you choose which trade recommendations are most important.
Trade What You See, Not What You Think About Seeing
A key tenet of trading is to trade what you see, not what you think about seeing. If you see an upward price trend but are reluctant to enter because your mind tells you it will reverse soon, then trade what you can control — that is, buy now and take profits later.
Stop trying to predict prices based on future events or other traders’ actions. Instead, focus on buying when there are trading signals (or at least good setups) and letting your winners run.
