Published on

HOW TO MAKE MONEY ONLINE | POCKET OPTION

Introduction

In this guide, you'll learn how to make money online in 2024, specifically in the stock market. This tutorial is designed for beginners who are inexperienced in trading. You will receive a comprehensive step-by-step tutorial on how to trade on the stock market, including how to top up your deposit, open deals, and leverage strategies to earn money. Let’s get started!

Getting Started: Top Up Your Deposit

  1. Entering the Market: As we aim to trade currency, the first step involves topping up your deposit balance.

  2. Selecting Deposit Options: Click on "Finance" and choose "Deposit". You can add funds using a convenient payment method such as an e-wallet, cryptocurrency, etc. I recommend using cryptocurrency, specifically the TRC20 network.

  3. Filling In The Deposit Amount: Enter the amount you wish to deposit. For instance, you might choose $ 200.

  4. Using Promo Codes: If you have a promo code, you can gain an additional 50% on your deposit. The promo code is available in my Telegram channel, linked in the description.

  5. Finalizing The Deposit: After filling in the promo code and depositing $ 200, you'll have $ 300 to trade with. To proceed with payment, you can copy the deposit address or scan the QR code. Ensure to send funds via the specified network (TRC20 in this case) for guaranteed receipt of your funds.

Understanding the Trading Interface

Now that your balance is topped up, we can explore the trading interface.

  1. Choosing Currency Pairs: In the top left section, you can see a long list of currency pairs to trade. Be aware that different pairs have different payout percentages.

  2. Chart Types: Select a chart type that suits you. You can choose from lines, regular lines, candles, and bars. Most traders prefer using candle charts.

  3. Setting Candle Duration: Set your candle time according to your strategy, with one-minute candles being the most commonly used.

  4. Using Indicators: You can enhance your trading strategy using indicators. Indicators assist in analyzing market trends. You can also utilize drawing tools to set lines for better trade decisions.

  5. Setting Expiration Time: Adjust the expiration time for your deals. Popular choices include 30 seconds or one minute. Your deal amount can also be set, for example at $ 50.

Implementing a Simple Trading Strategy

Our strategy today utilizes only one indicator: the Moving Average.

  1. Applying the Indicator: Navigate to the indicators section and add the Moving Average twice to your chart.

  2. Configuring the First Indicator: Set the first indicator with a period of 11, using the type "EMA".

  3. Configuring the Second Indicator: For the second indicator, set a period of 58 and maintain the type as "EMA" in red color.

  4. Identifying Entry Signals: Look for intersections between the two lines. For instance, when the red line crosses the green line from bottom to top, it usually indicates a buying opportunity.

  5. Analyzing the Trend: Focus on market trends rather than flat charts, as these provide clearer opportunities for profit.

  6. Opening a Trade: When you have a clear signal of an upward or downward trend, open a deal. For example, if the red line crosses the green line, you would bet on the price going higher.

  7. Wait for Closing Signals: Always wait for a candle to close to validate the intersection before finalizing your trade.

  8. Executing Deals: As you practice with actual trades, remember to keep a close eye on the market trends and manage your positions accordingly.

By consistently applying this strategy, it is possible to turn your trading into a profitable venture.

If you wish to learn more strategies and improve your trading skills, subscribe to my channel and follow my Telegram for more insights.

Keyword

  • Money online
  • Trading
  • Stock market
  • Deposit
  • Cryptocurrency
  • Trading strategy
  • Moving Average
  • Currency pairs
  • Payout percentage

FAQ

Q1: What is Pocket Option?
A1: Pocket Option is a trading platform that allows users to trade various assets, including currencies and cryptocurrencies, online.

Q2: How do I top up my balance in Pocket Option?
A2: You can top up your balance by clicking on "Finance", selecting "Deposit", and choosing a convenient payment method, such as cryptocurrency.

Q3: What is a promo code, and how can I use it?
A3: A promo code provides additional funds on your deposit. You can input it during the deposit process to receive extra funds.

Q4: What trading strategy is recommended for beginners?
A4: Beginners can use the Moving Average strategy, which is simple and focuses on market intersections for trading decisions.

Q5: How can I improve my trading skills?
A5: Subscribe to educational channels and join communities, like Telegram groups, that offer insights and shared knowledge on trading strategies.

Read More