Binary Options for Dummies
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Binary options trading has gained popularity in recent times. It is a digital trading platform that allows traders to speculate on the direction of underlying assets like stocks, indices, commodities, and currencies. To be successful in trading binary options, traders need to have a solid strategy that gives them an edge in the market. This article presents a strategy that traders can use to trade binary options and win big money on Pocket Option.
The strategy is called the "60 seconds trading strategy." As the name suggests, it involves trading binary options with a 60-second expiry time. This strategy is suitable for binary options traders who prefer short-term trading and want to make profits quickly. The strategy is based on the principle of trend following, and it involves using technical analysis indicators to identify the direction of the trend.
The first step in implementing the strategy is to choose the asset to trade. Traders should select an asset that has a high volatility level and a clear trend. It is essential to check the market news and events that can affect the asset's price movement. This will help traders to make an informed decision when selecting the asset to trade.
The next step is to select the expiry time. For the 60 seconds trading strategy, traders should select a 60-second expiry time. This means that the trade will expire in one minute. The next step is to use technical analysis indicators to identify the trend. Traders can use indicators like moving averages, Bollinger Bands, and Relative Strength Index (RSI) to identify the trend.
When using moving averages, traders should look for a crossover between a short-term moving average and a long-term moving average. A crossover above the long-term moving average indicates a bullish trend, while a crossover below the long-term moving average indicates a bearish trend. When using Bollinger Bands, traders should look for binary options a breakout above or below the upper or lower bands. A breakout above the upper band indicates a bullish trend, while a breakout below the lower band binary options indicates a bearish trend. When using RSI, traders should look for an overbought or oversold condition. An RSI value above 70 indicates an overbought condition, binary options while an RSI value below 30 indicates an oversold condition.
Once traders have identified the trend, they can enter a trade. For a bullish trend, binary options traders should enter a call option, while for a bearish trend, traders should enter a put option. Traders should set the expiry time to 60 seconds. Traders should also set a stop loss and take profit level to manage their risk. The stop loss level should be set at a level that will limit the loss if the trade goes against the trend. The take profit level should be set at a level that will allow traders to take profits if the trade goes in their favor.
In conclusion, the 60 seconds trading strategy is a profitable strategy that traders can use to trade binary options and win big money on Pocket Option. The strategy involves selecting a high volatile asset that has a clear trend, using technical analysis indicators to identify the trend, and entering a call or put option with a 60-second expiry time. Traders should also set a stop loss and take profit level to manage their risk. Traders should practice the strategy on a demo account before using it on a real account.
The strategy is called the "60 seconds trading strategy." As the name suggests, it involves trading binary options with a 60-second expiry time. This strategy is suitable for binary options traders who prefer short-term trading and want to make profits quickly. The strategy is based on the principle of trend following, and it involves using technical analysis indicators to identify the direction of the trend.
The first step in implementing the strategy is to choose the asset to trade. Traders should select an asset that has a high volatility level and a clear trend. It is essential to check the market news and events that can affect the asset's price movement. This will help traders to make an informed decision when selecting the asset to trade.
The next step is to select the expiry time. For the 60 seconds trading strategy, traders should select a 60-second expiry time. This means that the trade will expire in one minute. The next step is to use technical analysis indicators to identify the trend. Traders can use indicators like moving averages, Bollinger Bands, and Relative Strength Index (RSI) to identify the trend.
When using moving averages, traders should look for a crossover between a short-term moving average and a long-term moving average. A crossover above the long-term moving average indicates a bullish trend, while a crossover below the long-term moving average indicates a bearish trend. When using Bollinger Bands, traders should look for binary options a breakout above or below the upper or lower bands. A breakout above the upper band indicates a bullish trend, while a breakout below the lower band binary options indicates a bearish trend. When using RSI, traders should look for an overbought or oversold condition. An RSI value above 70 indicates an overbought condition, binary options while an RSI value below 30 indicates an oversold condition.
Once traders have identified the trend, they can enter a trade. For a bullish trend, binary options traders should enter a call option, while for a bearish trend, traders should enter a put option. Traders should set the expiry time to 60 seconds. Traders should also set a stop loss and take profit level to manage their risk. The stop loss level should be set at a level that will limit the loss if the trade goes against the trend. The take profit level should be set at a level that will allow traders to take profits if the trade goes in their favor.
In conclusion, the 60 seconds trading strategy is a profitable strategy that traders can use to trade binary options and win big money on Pocket Option. The strategy involves selecting a high volatile asset that has a clear trend, using technical analysis indicators to identify the trend, and entering a call or put option with a 60-second expiry time. Traders should also set a stop loss and take profit level to manage their risk. Traders should practice the strategy on a demo account before using it on a real account.
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