Moss Digi-Tech Prosperity
Trade for yourself with help of Digital Prosperity Team by using link below to join our:
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https://t.me/IQDigitalProsperity
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IQ OPTION STRATEGY!!!
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Basic Strategy For Successful Trading:
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Strategy is one of the most important factors in successful IQ Option Trading. It is the framework from which you base your trade decisions, including your money management rules, and how you go about making money from the market. There is no one Holy Grail unfortunately, if there were then weβd all be using it!
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The two most very basic categories of strategy are:
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FUNDAMENTAL AND TECHNICAL.
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FUNDAMENTAL strategies focus on the underlying health of companies, indices, markets and economies and while important to understand, is not as important to binary options as the technical aspect of trading.
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TECHNICAL trading, or technical analysis, is the measurement of charts and price action, looking for patterns and making educated guesses, speculations, from those measurements and patterns.
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Strategy simplifies your trading, takes guesswork out of choosing entry and reduces overall risk.
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The text book definition reads like this; a plan of action designed to achieve a goal or overall aim, the art of planning and directing operations in order to achieve victory. When it comes to trading the goal is to 1) make money and 2) not lose money.
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The number one method of achieving this goal is to use a rules based approach to choosing entries that relies on ages old, tried and true technical analysis indicators. There are dozens, possibly hundreds if not thousands, of ways to trade the market, all strategies. They can be categorized in terms of the tools used, the time frames intended, the amount of risk associated with and many other ways, these being the primary.
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Price Action/Scalping Strategies β Price action strategies rely on the movement of the market to time entry. These can be trend following or not, long or short term and utilize bullish or bearish positions.
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Trend Following/Directional Strategies β Trend following strategies target assets that are trending strongly to pinpoint a series of profitable entries with a high rate of success.
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Range Bound/Short Term Strategies β 99% of the time the market, or an individual asset, is not trending but trading in a range within a high and low mark. These strategies focus on support and resistance levels, reversals within the range and short term trends as asset prices move up or down from support to resistance and vice versa.
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A technical analysis indicator is, most often, a mathematical formula which converts price action into an easy to read visual format. Common types of indicators include but are not limited to moving averages, trend lines, support and resistance, and Japanese Candlesticks.
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MONEY MANAGEMENT!!!
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Strategy is 1 of the 2 pillars of risk management, the other is money management. You control risk by targeting only good signals, weeding out obviously bad signals, and never putting so much money on one trade that it will wipe out your account.
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Money management is the control of your overall trading fund. It should clarify trade size, and long term financial management β leaving you to focus only on trading. A well thought out money management structure should simplify:
-Trade size
-Risk management
-Future growth
-Stress
A trader with a clear financial plan should not need to be concerned with whether they can trade tomorrow, or if their trade size is correct or how they might grow investments in line with their progress. All those decisions are controlled by managing their overall capital with a clear plan.
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JAPANESE CANDLESTICKS!!!
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This is the most common method of viewing price charts. Japanese Candlesticks are a type of chart which shows the high, low, open and close of an assets price, as well as quickly showing whether the asset finished higher or lower over a specific period, by creating an easy to read, simple, interpretation of the market. Candlesticks can be used for all time frames β from a 5 seconds chart right up to weekly and yearly charts. They are the basis of most price action strategies and can be used to give signals as well as to confirm other indicators.
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SUPPORT AND RESISTANCE!!!
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These are areas of price action on the asset chart that are likely to stop prices when they are reached. Support is found when prices stop falling, this happens when buyers step into the market and are said to be βsupporting pricesβ. Resistance is found when prices stop rising, this happens when sellers enter the market (or buyers disappear) and are said to be βresisting higher pricesβ. These areas, often represented by horizontal lines, are good targets for entries and possible areas where price action may reverse.
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TREND LINES!!!
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These lines connect highs and lows formed by asset price as it moves up down and sideways. A series of higher lows and higher highs is considered to be an uptrend and a sign that prices are likely to move higher, a series of lower highs and lower lows is considered to be a downtrend and a sign that prices are likely to move lower. The trend line can be used as a target for support and resistance, as well as a an entry point for trend following strategies.
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TRADING PSYCHOLOGY!!!
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With any form of trading, psychology can play a big part. A lack of confidence can mean missed trades, or investing too little capital in winnings trades. At the other end of the spectrum, over-confidence can lead to over trading, or increased risk β either of which could wipe an account very quickly.
So the trading psychology of the trader is very important. It can also be actively controlled or managed (at the very least, acknowledged). It is another often overlooked area of trading skill, but one well worth spending time to consider.
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A Basic Binary Options Strategy!!!
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Here is an example of some basic rules for an IQ Option strategy:
The trend is your friend, only take trend following entries. In an uptrend only enter when prices are near support, in a downtrend only enter when prices are near resistance. When prices are near support or resistance wait for a confirming rejection candlestick signal.
If the trade fails examine why it did not work, make adjustment if necessary and move on to the next trade. If the trade works move on to the next trade.
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Tap the link below to open Demo Account and Practice to know first;
https://affiliate.iqoption.com/redir/?aff=140550
BEST LUCK!!!π€π₯³π€©
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