Hey there, fellow traders! Let me tell you, getting into the trading game can be an exciting journey, but trust me, it's totally manageable. I’m using the Quick Start Strategy, which focuses on mastering the basics of trading options. Stick around and I’ll share some valuable tips that'll help you break into this world efficiently and stylishly. These are the essentials that every option trader needs to connect with success.
The Quick Start strategy is my go-to for short-term options. With several indicators working together, I’ve seen my profits climb to 85% on my trades. If you're looking to take your skills to the next level on a comprehensive PocketOption trading platform, you’re in for a fantastic experience. This platform provides you with a bunch of tools for thorough market analysis.
Setting Up My Workspace for Quick Start
With Quick Start, I’m all about those shorter timeframes, so I set my bar formation time to 30 seconds. Depending on my preference, I can analyze the market using a candle or bar chart. Just a heads-up: linear charts? They’re not suitable for this approach.
I use the Moving Average and Awesome Oscillator to figure out the market before making a move. High or medium volatility assets are where it’s at — think currency pairs, indices, or even cryptocurrencies.
Before I get started, I need to install and adjust my tools on my workstation. I usually stick with the default settings for the Awesome Oscillator and customize the Moving Average to my favorite numbers. For my Quick Start setup, I need three moving averages: two blue EMAs and one orange WMA.
For the EMAs, I set the periods to 25 and 18, while the WMA gets a period of 7. Once I’ve got my settings down, it’s time for some analysis and option purchases.
Getting Down to Trading with Quick Start
Quick Start is all about making strong connections between outcomes and methods for that sweet 85% performance. I stick to the strategy logic like my success depends on it while trading with Quick Start.
The key signal for making a move is the moving averages crossing: the WMA has to cross both EMAs. If it only crosses one, hold on; it’s not time to jump in yet.
The Awesome Oscillator? That’s my solid confirmation tool. I keep an eye on where its columns sit in relation to the zero level on the chart.
Here are some key tips for trading with my Quick Start strategy:
- Grab a CALL option when both EMA lines are crossed by the WMA from below. Just ensure the candles are above zero.
- For a PUT option, look for the moving averages crossing downwards, with the candles resting below zero.
Don’t forget to set the expiration time to 60 seconds.
If you stick with the “Quick Start” strategy, following these essential rules will help boost your trading balance quickly, allowing you to earn consistently in the options market. Check out the benefits with Pocket Option Trading Service and use it as your foothold into a successful trading career.
