How Flex trades work
Flex is a trading mode that lets you react swiftly to market fluctuations within a preset trade duration. This mode is perfect for scalping and day trading on shorter timeframes, as it lets you lock in profits or minimize losses precisely when needed.
Flex trades have floating profitability. Here’s how it works:
1. You forecast how the asset’s price will move during a specified period (the trade duration).
2. The more the price moves in line with your forecast, the higher your potential profit.
3. If your forecast isn’t correct, you can close the trade early to avoid losing your entire trade amount.
The profit you earn from Flex trades depends on several factors:
• The difference between your Flex trade’s opening and closing prices
• The asset’s maximum profitability
• Your trade amount
With Flex trades, you can adjust your strategy on the go, making it an effective tool for a quickly changing market.