How to trade using Support and Resistance levels:
As has been found out, the market spends more time consolidating or being flat than showing a strong trend. The ability to correctly trade consolidating market can be vital for a successful trader. Using only support and resistance levels is the basic way to trade the consolidating market.
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Basically, all you need to do is to determine the Support and Resistance, and then trade inside those lines!
How to determine where the Support and Resistance lines lie:
In order to correctly determine where the support and resistance lines are, you need to look for “pins” on your chart. “Pins” are where the price has reached its high or low but never broken out. Just like on the example below:
As you can see at some point the resistance line can become a support line and vice versa. But the price is still inside those lines we have drawn.
Notice, that Support and Resistance lines can be not only straight horizontal but that can be located diagonally as well.
We recommend you to train your skills on the Demo platform at first and then switch to the real trading!
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HOW TO START TRADE AND GET FREE OTN TOKENS
- Open Trading Account Click Here – Get Free $10,000 Demo Account
- Make deposit from $10 and Start trading from $1 only
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- Withdraw received tokens to your wallet and sell them on exchanges or wait for their price to skyrocket. Withdraw to Ethereum wallet
How to get the OTN tokens?
OTN will build own custom blockchain with OTN coin as it’s vital part. While blockchain is under development, OTN will release tokens of the Ethereum ERC20 standard, which later can be exchanged to OTN coins with one to one ratio.
Starting from October 16, 2017 every Monday and 104 weeks onwards a predetermined number of OTN tokens will be issued, and users of the IQ Option platform will be among the first to receive them for crypto trading.*
How can traders get OTN tokens?
- Starting from October 9, 2017 the biggest OTN tokens emission week kicks off. On October 16, the total amount of 350,000 OTN tokens will be distributed among Option traders based on the trading results of the previous week.
Example of calculating:
- The total amount of commissions charged to traders on the Crypto instruments in the broker was $1,000,000 for the calculated week;
- The amount of commissions paid by the individual trader on the Crypto instruments for the same week amounted to $2000;
- According to the emission schedule, 350,000 OTN tokens are being released this week.
- The number of OTN tokens received by the trader = (2000/1,000,000)*350,000=700.
How to apply OTN tokens:
- OTN tokens can be used to pay up to 100% of broker commissions on the Crypto instruments;
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Free Guide To Trade 1 Minutes Expired Time with 99% winning Trading System
FOLLOW THE TREND TO MAKE PROFITABLE TRADES
The trading system that I use is simple. You should use a graph with a time frame appropriate for the length of trade you want to place. So if you want to place hour long trades, adjust the time frame on the graph so that you can see what happened in the last hour by hour periods.
- If the trend is going up, follow it and place an UP or CALL trade
- If the trend is going down, follow it and place a DOWN or PUT trade.
- If the trend is going sideways or you are not sure about the direction of the trend, don’t trade this asset. Look for another asset with a stronger trend and trade that instead. Place CALL on lowest and PUT on highest
Apply Best Trading System – Example for order “PUT” .
- You must follow 4 step below correctly
- You can place order from $1 but this sample is using $10 for first order
- Step 1 : Place first order “Put” = $10 on highest position and predict price will go DOWN If Won will get $18.5 return – Go back to first order $10
- Step 2 : If you loss in step 1, Place 2nd order again “Put” = for $20 if you Won will get $37 return, you must back to step 1 with $10 order only
- Step 3 : If you loss in step 2, Place 3rd order again “Put” = for $50 if you Won will get $92.5 return, you must back to step 1 with $10 order only
- Step 4 : If you loss in step 3, Place 4th order again “Put” = for $120 if you Won will get $222 return, you must back to step 1 with $10 order only
- If you place $1 for first order => 2nd order = $2, 3rd order = $5 and 4th order = $12
You can test this method and look the result. Below is profit illustration
- First order $10 if success will get $18.50 return = $8.5profit
- 2nd order $20 if success will get $37 return (Total order is $30 for first order $10 and 2nd order $20). Total profit is $37return – $30 total order = $7 profit
- 3rd order $50 if success will get $92.5return (Total order is $80 for first order $10, 2nd order $20 and 3rd order $50). Total profit is $92.5return – $80 total order = $12.5 profit
- 4th order $120 if success will get $222 return (Total order is $200 for first order $10, 2nd order $20, 3rd order $50 and 4th order $120). Total profit is $222 return – $200 total order = $22 profit