Pocket Option for beginners is a binary options trading platform that allows you to trade in Stock, Forex, and Commodity markets. This trading platform was established back in 2017 and had been gaining popularity ever since. It's easy to use, fast, and lets you trade from any place at any time! It also offers a demo account for those new to this type of trading.
Pocket Option for beginners is a product created especially for them. The platform was developed keeping in mind experienced traders who may want to follow the same process but at a faster pace. All the rules and regulations have been set up to be easy and user-friendly.
The target audience for this product is people looking to learn trading but want to make sure they are confident about it.
Top 5 Pocket Option Strategies
The Pocket Option strategy for beginners is a simple, yet very effective trading technique that utilizes a combination of long and short positions in order to achieve maximum profit from the market movement. With a basic understanding of the mechanics behind the strategy, it's now your time to jump on board and start making profits.
Start by downloading and reading this guide as it provides you with everything you need to get started with this new method.
You might wonder what the finest trading approaches are if you're new to binary options. Five of the most well-liked and successful Pocket Option strategy for beginners are listed below for your use:
1. Using a trend-following approach:
If you want to make the most of your profits, you can use a trend-following approach. The idea is simple: buy a call option when the price of the asset rises and sell a put option when the price falls. For example, if an investor likes Apple Inc.'s stock, they can purchase an Apple Inc. (AAPL) call option at 30 days and sell an Apple Inc. (AAPL) put an option at 30 days.
2. News Monitoring:
It is a fact that news will affect the price of assets, and we can capitalize on this by monitoring the market. This is an effective approach because it's less stressful than trying to interpret the news and waiting until its effects are seen.
To benefit from this approach, you must track a couple of news websites and subscribe to their email updates. Then, when you see that some news will affect an asset price, invest in its call or put options.
3. Basic Evaluation:
This is the most popular Pocket Option strategy for beginners and one of the best because it doesn't require any time and effort from you. You have to buy the option that will be affected more by the price of an asset than other options at that given moment. The most common strategies for this are selling a call option when a stock has just reached its maximum value, a put option when it's about to reach its minimum value, and a call/put option with a mid-price as the base level.
4. The Hedging Technique:
Hedging is a technique that professional investors and traders use. The idea is that you won't sell the actual asset but will sell its options instead. Of course, you will need a large amount of cash to benefit from this approach. This is because if you want to protect your assets from a sudden drop in price, you have to have the necessary funds available. The easiest way is to invest in the option with the most volume. If the trading platform supports it, you can also weigh each option you buy so that all options simultaneously don't exceed a certain value. Afterward, create a hedging position for every asset and use these assets as collateral for other positions with higher value.
5. The Straddle Technique:
This Pocket Option strategy for beginners is based on the idea that you can profit from the price movement of a certain asset. For example, if you think that Apple Inc.'s (AAPL) price will increase, you can purchase call options at 30 and 60 days while selling put options at 30 and 60 days. This will give you a chance to make a profit no matter if the price of Apple Inc. (AAPL) increases or decreases.
Which Is the Best Pocket Option Strategy For Beginners?
All the strategies mentioned above have their advantages and disadvantages. But if you are a beginner, choose those that are friendlier for newbies.
If you want to make the most of your trading in the Pocket Option for beginners, we recommend you use one of the options listed above, which will meet your needs.
If you ask if Pocket Option is the best binary options trading platform, then the answer is yes. For beginning and inexperienced traders, it's a great place to start. It has a user-friendly interface, and you can start trading as soon as you log in.