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Three in succession: An uncomplicated trading approach for binary options

So, here’s the deal: the financial markets are buzzing about how trading binary options is a breeze compared to other exchanges. I'm totally on board with that idea because, to make a profit on an electronic contract, all I need to do is predict which way the price is moving. Sounds easy, right? But here's the catch: I need three key elements in my toolkit — knowledge, skills, and practice. Plus, I’ve got to have a solid trading strategy.

Just starting out? How's a newbie like me supposed to get these essentials? For beginners, I suggest going for some reliable strategies like the “Three in a Row” method. Let's get into all the details about this strategy.

The best part of this system? I don't need a PhD in indicators. All I have to do is watch their shapes.

Setting Up Parameters

As I said, to get this strategy going, I need a price chart. I recommend the “Japanese candles” because they’re the most visually appealing and easiest to understand. No wonder they’re a favorite in the trading community. We traders love keeping things simple.

Beginner alert! If I’m diving into binary options for the first time or just getting started in the financial waters, then here's the scoop:

  1. I need to recognize ascending and descending candles.
  2. In Pocket Option, they show different colors: green for ascending, red for descending.
  3. The body of a candle is a rectangle painted in one of those bright colors.
  4. The spikes, shadows, or tails are just lines coming from the candle's body. But for this strategy, I'm going to ignore those.

Each candle takes a set amount of time to form — that's the timeframe, friends. If I pick a timeframe that's one minute, it means a new candle shows up every 60 seconds. After that, boom, a new one opens!

To set my timeframe, I just have to hit that menu in the terminal and choose my value.

Now I’m ready to roll with the Three in a Row strategy.

Using the Three in a Row Strategy for Electronic Contracts

Let’s kick things off with the EUR/USD currency pair. With its volatility, it’s a safe option to avoid those annoying fluctuations. I’m going with a 5-minute timeframe.

Ready, set, go! Once my workspace is set, it's showtime!

Now, the strategy’s called “Three in a Row” for a reason. The logic is simple: once I spot three candles of the same color on the chart, I’m looking to grab a contract in the same direction when the next one opens.

For example, if I see three green candles, it’s a CALL contract; if they're red, I’ll be going for a PUT contract.

Expiration time? Set it to 5 minutes.

With the “Three in a Row” strategy, I can comfortably navigate the binary options market. I just need to stay on top of the news and market movements, and trade smart by not risking more than 2% of my total deposit. It's one of the safest strategies out there! Discover more about trading strategies with the PocketOption platform for strategic growth to enhance your trading success.

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