10 best Pocket Option strategies explained for beginners


Trading in Binary Options on Pocket Option can be a challenge most of the time as trading on financial markets often involves risks. Let’s get the best Pocket Option strategies explained for beginners that can bring you more profit. They are suitable for 60-second, 5-minute, or even 1-hour trades.

See the best trading strategies for Pocket Option, which we will discuss here:

  1. Pinocchio Strategy – The best for exact trades
  2. Support And Resistance Strategy – Best for range trading
  3. Price Action Strategy – High hit rates
  4. Wick Trading Strategy – Limited signals, but a high hit rate
  5. Scalping Strategy – Good for short-term trading
  6. Momentum / Swing Trading Strategy – The best for long-term trading
  7. Candlestick Strategy – Best chart type for beginners
  8. Following The News Strategy – Multiple winning trades are possible
  9. Trend Trading Strategy – Easy to understand for beginners
  10. Using Indicators as Strategy – Can be combined with other strategies

For more information, see our video about live trading with strategy on Pocket Option:

1. Pinocchio Strategy

Pinocchio specifically targets the candlestick figure of the graph; even though it seems short, the wick is long. It basically imitates the character “Pinocchio” and is a very useful strategy for the 60-second, 5-minute, or longer trades.

Like the character Pinocchio lies, and his nose grows bigger, the wick grows in the graph, too, but in the wrong proportions. Therefore, you can compare when a trend does not suit the strategy and adopt a different strategy.

Wicks are the result of a rejection of a price, and it is shown immediately by a candlestick. To trade wicks in the trend direction or against the trend can increase your hit rate dramatically. The entry for a trade is the next candle after a Pinocchio wick.

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2. Support And Resistance Strategy

This strategy has its origin in the technical analysis. For technical analysis, you need to know how to read candlestick charts and other charts as well, but it is not that difficult for a beginner.

Support and resistance mean there are prices in the markets where the chart will turn around. We recommend focusing on “V” shape forms to identify support and resistance areas. There is a difference between buyers and sellers, and that is why it works. You can also say that the price is too expensive or too cheap. See the example here:

For example, if a price was rejected two times by the market, there is a good chance that you see a third reaction on that price. There, you can place your trade!

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3. Price Action Strategy

The price action strategy is one of the best Pocket Option strategies. Using this trading strategy, a trader can better understand the market. Looking at the price action will help you determine your future course of action when trading on Pocket Option.

A trader can use the price action strategy in different charts. For example, you can use this strategy for your 1-minute- or 5-minute trades. Traders only need to select the chart settings to see the changes occurring every minute in the market. 

One of the price action strategies is the Head and Shoulders pattern. This pattern resembles a silhouette of a head and shoulders. Prices rise, fall, rise higher (forming the head), fall again, and then rise to a lower high before a modest drop.

Trading decisions using the price action strategy will turn them into the most accurate decisions. 

4. Wick Trading Strategy

A wick in a candlestick chart implies a sharp movement of the price. Wicks are made in the market when a rejection happens. This can be against the current trend or with the current trend when the market gains momentum.

For this strategy, you have to set up your trade directly after a closed wick candle. Enter in the direction of the wick. Also, it is important to use this strategy in trending markets because in consolidation you can see a lot of wicks but the market will not move in a direction after the wick.

5. Scalping Trading Strategy

Many traders use the scalping strategy because it is one of the best Pocket Option 60-second strategies. Your 1-minute Pocket Option trades will become successful if you can determine the direction of change in the price of an asset. 

Pocket Option offers the traders all the facilities to trade without hindrance. And using this trading strategy on Pocket Option, a trader can determine the market trend. 

A trader should develop a keen interest in knowing whether the asset’s price will continuously move in the same direction if he wishes to win trades. You can use the scalping strategy to determine these trends and place your 1-minute trades. 

6. Momentum / Swing Strategy

Pocket Option offers many trading indicators to the users, which they can combine with trading strategies. Momentum/ swing trading strategy helps determine the market force responsible for changing the asset’s price.

Momentum/ swing strategy, when used with indicators like the moving average convergence divergence indicator, will help you determine whether you should place your 5-minute trade. 

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7. Candlestick Strategy

Another Pocket Option trading strategy is the candlestick strategy that a trader can use to evaluate the market’s mood. Once you can judge the changes taking place in the market, you can make better decisions for your 5-minute trades on Pocket Option.

Many Pocket Option users use the candlestick strategy because it is the best strategy that can help you know the complete market information. It is a perfect strategy to help you determine the resistance and support levels essential to determine the best time for placing your 5-minute trades. You can increase or decrease the chart’s time frame to get a comprehensive market view. 

Below, you will find an overview of the most important candlestick patterns:

8. Following The News Strategy

The most underrated Pocket Option strategy is to follow the news. Advanced traders who profit immensely from their 5-minute, 1-hour, or even longer trades on Pocket Option never underestimate the importance of following the news. 

You can use various news channels to gather information about your favorite asset. Trading journals are another way that a trader can comprehend the changes taking place in the market.

Once a trader knows whether an asset’s price will increase or decrease, you can place winning trades. 

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9. Trend Trading Strategy

Trends form the perfect Pocket Option strategy to help you make your trading decisions. If you follow market trends correctly, you can place winning trades. Since market trends make you aware of how the asset’s price has been moving, you can get a clear picture of its future price. 

Accordingly, you can place your trade using trends as your 5-minute Pocket Option trading strategy. Understanding trends will benefit you in the long run and make you a better trader. It is essential to know the trends whether you are placing 5-minute trades or 1-minute trades

Trends will increase the possibility of success for your Pocket Option trades. 

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(Risk warning: Trading involves risks)

10. Using Indicators as Strategy

Indicators are something that a trader should use if he wants to come out with the perfect trading decisions. For Pocket Option trades, nothing can beat the importance of technical analysis with the help of trading indicators.

Though a few clicks are sufficient to place a trade on Pocket Option, it involves a lot of work in the background.

The platform offers you multiple Pocket Option indicators that you can combine to analyze the market and place your 5-minute trades. Some trading indicators available for deciding about your 5-minute trades include the relative strength index, moving averages, and Bollinger bands

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Why do you need money management strategies for success on Pocket Option?

Money Management method – No matter what asset you choose; a strategy should be an important plan for the whole trading process. A strategy will frame your trading routine and constant profitable income. 

An approach is necessary when it comes to Trading because it is very technical. You must know how to approach trade, how much to win or lose, how much capital to invest, etc. If you head on without knowing all these points, you can lose some serious amounts that could even lead to empty bank accounts. Instead of being emotional, strategize and plan so that you get into the trade with a plan.

A systematic plan gives a profitable trade, i.e., if you plan your trading strategy before then, you can definitely conquer the market trends and win the trades.

Should you use 60-second strategies on Pocket Option?

For 60-second trades, we recommend using the 1-minute chart on Pocket Option. But be aware, it is extremely hard to master 60-second trades because the market is moving very fast and you will see a lot of sharp movements in different directions.

You can use our provided strategies in this article for 60-second trades, but you will need more experience and concentration because of the fast movements.

Pros and cons of 60-second strategies on Pocket Option

Trading 60-second trades is the hardest technique you can use to dominate the market. You will need extra concentration and a fast reaction to current market movements. See here the pros and cons:

Pros
  • From price fluctuations in those 60-seconds, traders can make more profit than Trading for 4 hours or even more time.
  • Traders can even enter multiple trades in those 60-seconds making unimaginable profits.
  • Since there is no time to think, you can either win a profit or lose nothing, which is why people prefer this method.
Cons
  • You can still risk losing the investment and the asset as well in only 60 seconds.
  • 60-second trading is very risky because if you are unaware of the market trends and fluctuations, you could lose huge capital without realizing it. Hence, a 60-second strategy is great for those traders who are old to this industry and know their way through such markets. Any beginner should probably trade through normal strategies and once they gain insight, try the 60-second strategy.

Conclusion: The best strategies on Pocket Option

Once you use the best Pocket Option strategies we discussed above, you will be able to maximize your online earnings through these trades.

Using these trading strategies with the binary options broker, you will be able to tap the best opportunities at the right time. As a result, your 5-minute trades or 60-second trades on Pocket Option will bring you high profits. 

A trader can combine these trading strategies on Pocket Option to reap the best fruit. If you begin using these trading strategies, you will start developing expertise for trades with an expiry period of different timeframes.

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(Risk warning: Trading involves risks)

FAQ – Most Asked Questions:

Do you need a strategy to make money on Pocket Option?

Yes, you will need a strategy with strict rules to make money in the long term. A strategy helps you to interpret the market and do the right price movement forecasts.

What is the best strategy with the lowest risk on Pocket Option

The lowest risk strategy on Pocket Option is trading with the trend and using a double-up feature if you lose a trade. In this way, you can compensate for the losses.

Should I implement indicators in my Pocket Option strategy?

Indicators can be used in different strategies to optimize trading decisions. It is recommended to use the most popular indicators like Bollinger Bands, MACD, and moving averages. However, if you are trading pure price action, you do not need any indicator.

About the author

Marc Van Sittert
Marc Van Sittert is an experienced Binary Options Trader and coach who is originally from South Africa. He started his career in 2014 by trading old-school Binary Options online. His main focus is on short-term contracts with 60-second trades.

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