It is crucial to use effective strategies when trading forex and binary options on platforms like Pocket Option. Here we will discuss some of the most successful trading techniques that you can use to be successful with pocket option broker.
1. Following Trends is a Strategy
Pocket Option’s traders are fond of using the trend following strategy. This involves finding the dominant market trend and then trading it. Traders use moving averages, Relative Strength Indexes (RSI), and other technical indicators to confirm a trend. Trade with the trends to increase your likelihood of profitable trades.
2. Reversal Strategy
This strategy, which is also called a counterrian strategy or reversal technique, seeks to determine potential market reversals. They look for indications that a market trend could be losing momentum. Indicators, such as RSI patterns or candlesticks can give clues regarding a possible reversal. If executed properly, the strategy of reversing can result in significant profit.
3. Breakout Strategies
In the breakout strategy, traders identify key resistance and support levels. They then trade when these levels are broken. Bollinger Bands (or the ATR or Average True Range) are used by traders to find potential breakouts. Breakouts are often accompanied by rapid changes in price, creating excellent trading opportunity.
4. Risk Management
Risk management should be a priority, regardless of your strategy. Pocket Option features stop-loss or take-profit order options that help you determine predetermined exit points. Investors can protect their investment by determining how much they will risk in each trade.
5. News Trading Strategy
Trading news involves taking full advantage of volatility in the markets caused by events such as economic reports, press releases, and earnings announcements. Pocket Option users can keep track of upcoming economic and market news using Pocket Option’s Economic Calendar. This strategy may be particularly profitable in periods of market volatility.
6. Demo Trading as Practice
You should practice any strategy you plan to implement with real money on a free demo account. Pocket Option has a virtual money demo account, which allows you to test your strategies without risking real capital. The free demo account allows you to become more proficient and confident when executing the trading strategy of your choice.
To be successful trading with Pocket Option (or any other platform), you need a trading strategy that is well defined, a risk management system that’s disciplined, and an ongoing learning process. The strategy you choose should be in line with your personal risk tolerance, and style of trading. Keep in mind, too, that trading is not a risk-free endeavor, as there are always going to be losses. Trade responsibly, and don’t invest more money than you are willing to lose.
Article 3: Pocket Option Broker: Security & Customer Support
In choosing a broker as Pocket Option, you should consider security and customer care. In this article we examine Pocket Option’s security policies and their quality of customer support.
Measures of Security
Pocket Option puts the security of traders first and its integrity as a platform second. Some of the safety measures are:
Secure Data Transmission: uses SSL encryption. This encryption shields information such as sensitive personal data and financial data from any potential threats.
Funds segregation: By keeping client money in separate accounts, the broker ensures that deposits from traders remain separated from operational funds. This minimizes the chance of a client’s funds being misused.
Checking Process: When trading Pocket Option, traders are required to go through a check process that includes identity checks and address verification. This prevents fraudulent activities as well as unauthorized access.
Regulation Pocket Option, while not being regulated by the major financial institutions, has set up internal policies and processes to promote ethical business conduct.
Any trading platform must provide excellent customer support. Pocket Option’s support staff can be reached via email, telephone, and live chat. This is what to expect from the customer support of Pocket Option:
Response time: Pocket Option customers support staff is a responsive team and strives to promptly answer questions. Depending on the nature of the question and the date of contact, the response time can be different.
Customer Support Multilingual: The trading platform is available in a variety of languages to make it more accessible for traders around the world.
Educational resources: Along with solving issues, customer support staff can direct traders to educational resource and assist in navigation of the platform.
24/7 Customer Support: Customer service is available 24 hours a day, 7 days a week, so traders are able to reach us at any moment, even weekends and holidays.
Complaint Redress: A mechanism is in place for traders to lodge complaints. To resolve any disputes or issues, contact the support team.
Pocket Option, in conclusion, takes security extremely seriously. This is demonstrated by the implementation of encryption, client segregation, and a process for verification. Security measures have been implemented to help protect traders, despite the fact that Pocket Option has not received any major regulatory approval. Customers can also rely on their 24/7 customer service, as it is usually responsive. Pocket Option is no different from any other online brokerage. It’s important to do your research, read reviews, and conduct market analysis to make sure you get the best trading experience.