Trading on Pocket Option with Smartphone: Simple and Effective Strategy

In this day and age, technology has made financial markets more accessible and flexible than ever before. Now you can trade anywhere, be it on the street, in a cafe or while on vacation. In this article, we will look at a strategy for trading on a cell phone on the platform of a popular binary options broker Pocket Option that allows you to use your free time to make profitable investments.

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Trading Strategy

The main difference between trading binary options from a cell phone and trading on a desktop computer is convenience. On a smartphone, analyzing the market and using indicators can be a bit uncomfortable. Therefore, in this strategy we will not use indicators and complex analyses. Our approach will be simple: we will look for assets with clear and strong trends.

• Step 1: Start by choosing an asset with a strong trend. Look at the chart of this asset. If you see that four or more candles in a row have the same color, this is a good sign.
• Step 2: As soon as you see such a situation, prepare to enter the market. It is important that the timeframe (candlestick period) is equal to the time of your trade. For example, if you are using a 1-minute chart, your trade should close in 1 minute.
• Step 3: If you see four or more candles of the same color, at the beginning of the next candle open a trade in the direction of the current trend. If the candle was green, open an up trade, if it was red, open a down trade.

If the first trade is a success, that’s great. If not, don’t panic, just increase the amount of the next trade and keep watching the market. It is important to remember that the strategy of this binary options trading does not require complex market analysis or indicators. Its essence is to search for assets with strong trends and enter the market at the beginning of a new candle in the direction of the trend. The main thing is to be patient and wait for the right moment to make a deal. Of course, the strategy does not guarantee that 100% of all transactions will be successful, but for beginner traders it is a really working method that allows you to trade effectively without draining your deposit for a few bets.

Conclusion

Trading from a cell phone is becoming more and more popular and accessible to many people. With the use of this strategy, even novice traders can make profits with just a few spare minutes during the day. Don’t forget the importance of risk management and trading psychology. Do not chase fast money and be prepared for possible losses. With consistency and patience, even small profits can accumulate over time.