How to Overclock a Deposit with $10 on Pocket Option or How Do Beginners Lose?

Trading on binary options Many people compare it to the stakes in bookmakersThe number of trading instruments (not assets) on the Forex market is much bigger. But BOs are chosen precisely for the simplicity of trading, in fact there are only two options for a deal “Above” or “Below”, plus on OTC time expirations starts from 5 seconds, on standard currency pairs from 1 minute. In theory, having excellent knowledge of technical analysis you can quickly increase your income in a short time. In reality it is not that easy and not always beginners can earn, usually in such cases trades are closed on the plus side and a beginner, believing in the ease of making such profit, quickly loses the entire deposit.

It’s always better to check how things are in reality from your own experience. At the beginning we have: minimum deposit $10 at the broker Pocket Option (even less in the case of deposits from electronic wallets) and a basic knowledge of technical analysis at the level of a beginner. I.e. it is better to understand before real trading what is support and resistance area, what is trend and so on. Also, the article will discuss one strategy, which I (content manager of This is a Divorce Site) thought was one of the best for beginners like me. But to rely on. BO trading strategies And you should not look for them purposefully, there are no universal ones, it is better to study all the subtleties of the market and be able to read the schedule, so it is more reliable.

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About strategies and ways to make money

I will not describe how to create an account and deposit it, for this there are separate articles, such as register on the Pocket Option website or minimum deposit. Now I have $10 in my account, let’s see if I manage to make some profit or my deposit will be gone. First of all, let me tell you about the aforementioned method for beginners. This is a step by step guide on how I set up the chart:

• All trades will be closed in 1 minute, and the timing of the candle choose 10 seconds.

• Go to indicators and select 4 times the moving averages (Moving Average).

• Now you need to configure the indicators. To do this, select the periods and type. For all type EMA, for the first indicator we set the period to 14 and select “View”, where we set the size of 2 pixels, the color yellow (you can choose any color you like).

• For the other slips, we select the periods: 28, 70 and 100, the color of the moving curves can be left by default. The result is the following chart:

• The point of this strategy is very simple and straightforward. When our yellow line crosses three other moving lines, we open a trade to go down or up. As you can see in the screenshot, after crossing the three lines, the price has started to rise, which means that a trade at this level with a probability of 70-80% , it would have closed on the plus side. Of course, this method is not 100% and does not mean that there will always be only pluses. You need to watch the overall chart, at least with a timeframe of one hour or more, to understand how price will move.

On the site pocketoption.com There are free signals, use them or not everyone decides for himself, from personal experience on a 50/50 demo account, I would not trust them completely. Also many professional traders can give their signals. I subscribed to several such people, but for some reason I did not wait for feedback, although they actively promote their services on their channels and offer to join them.

Starting to trade binary options

The chart is set up, it’s time to test this strategy on a real, not demo, account. Here it is necessary to understand that it is not always possible to catch the above described moment with the passage of three slips, you will have to search, and in some moments to monitor the chart, waiting for the right moment.

So, X moment, I found a suitable chart, as I traded early in the morning, the market has not yet started its work on the major currency pairs, I switched to “Stocks”, I chose Citigroup Inc OTC, as seen in the screenshot, yellow sliding confidently crossed three others, where I made a deal on $1 up, which after 1 minute ended in profit due to the confident price growth and the account was filled with $0.80.

Next, I chose another chart, but then I rushed and put too late and 10 seconds later I went down, as a result the price did not follow my corridor and I lost both deals. Well, it happens that way.

On the next trade with American Express OTC, I was in no hurry and waited for a good situation, when the price was steadily going down, moreover, on the general chart there was a clear downtrend, so I concluded that it was necessary to go down and the trade closed on the plus side.

On the next trade I was in a hurry again, since there was no suitable situation on the slips, I decided to play at the resistance level, but miscalculated the point from which the price pushed off and as a result the trade closed with a loss, although just another 30 seconds later the price reached the resistance level, did not break through it and expectedly went down.

On the AUD/JPY currency pair, I saw an uptrend, but since the price broke through a resistance point, I expected a pullback, but my theory did not work, and I decided to put the so-called “upside”, but it did not work.

After experimenting with support and resistance areas it was obvious to me that my technical analysis skills were not enough, so I went back to the strategy with 4 sliders. I had nothing much to lose, so all I had to do was wait for the right opportunity. But even here I was unlucky… literally at the last second the candle gave a “shadow” to go down and a second later went up, but my trade had already closed in minus.

Realizing that my business is not very good, it was decided to use the same strategy, was chosen timing 30 seconds and already 2 dollars to raise: went into the plus.

Unfortunately, and the next trade closed in the negative, because I did not change the time for 1 minute and there was not enough time to raise the price.

The next trade started well (1), but the price began to fall and had to urgently put “overtake” (2) on the remaining $1.2, in the end it worked.

The remainder, it was decided to bet on 2 times, in the end again 1 bid worked, the second did not.

Well, my last bet did not go at all. The strategy worked instead of 80%, percentage, a maximum of 30, 40, which is, of course, too small to come out in the black. In the dry residue was a lost deposit of $ 10.

Bottom line

What did my trading turn out to be? Strategies may or may not help. Chart positions depend on many factors. It may be the situation on the financial market, political events, natural disasters and much more. Most beginners lose their deposits very quickly, as I demonstrated in my example. Even with a basic knowledge of technical analysis and an understanding of price forecasts it is impossible to gain without practical skills and correct analysis.

There is no universal formula, somewhere it will take 1 minute and the trade will be profitable, and somewhere even 5 minutes will not be enough, the chart will fluctuate and be in consolidation. There are a lot of nuances. To start with, I recommend you to prepare thoroughly for trading and read the articles on our website on trading on the binary options market and on the Pocket Option broker website in particular.

Don’t jump straight into a real account. Choose the same $10 on the demo and try your forces as it would be your own money. Of course, the psychological factor is at play here, and if virtual money is simple to dispose of, betting with real money, you may become nervous and make constant mistakes. So it is imperative to train on a demo account and track your statistics.

If within 2-3 weeks, or better, within a month the percentage of successful trades in relation to the losing ones will be at least 3 to 1, it can indicate that the real account will be successful to earn in the constant plus at the end of the trading session. As for me I will continue to gain experience and test subtleties of technical analysis, but so far on a demo account and from time to time I will publish similar articles. If you have a similar experience in trading, or if you have any questions, do not hesitate to write your comments.