Pocket Option The Traders Choice strategy
This Pocket Option The Traders Choice strategy is suitable for traders who prefer to rely on the psychological factor of the market at the time of opening a deal. The indicator “Traders’ Choice” helps them in this, which clearly demonstrates the ratio of traders who bought an asset “Up” or “Down”. The trader’s task is to open a position based on the majority opinion.
Why should I use this strategy?
The trading strategy on the “Traders’ Choice” indicator is one of the simplest, because it does not require in-depth analysis and extensive trading experience. The indicator shows one of the main market factors, namely the choice of bidders, which affects the behavior of the chart and the indicator scale:
the asset is bought more – the price rises;
the asset is sold more – the price falls.
How to trade according to the choice of traders?
To understand the essence of the strategy, we will show an example of using the “Traders’ Choice” indicator in trading.
This indicator is located on the right side of the platform:
Green color will prevail on the indicator scale if most traders make an asset purchase. So it is necessary to open the position UP:
When the red color dominates on the scale, most traders sell the asset. In this case, open the position DOWN:
The scale can also demonstrate data when the ratio of green and red colors is approximately the same. In such a situation, we recommend choosing another asset for trading.
Expiration: 15-30 minutes
Investment: 2% of the deposit
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