Simple Quotex OTC 60 SECOND BINARY OPTIONS STRATEGY for BEGINNERS

Summary

In this educational video, the presenter demonstrates a binary options trading strategy that yielded over $3,600 in under 15 minutes. Aimed at beginners, the video simplifies the trading process, showcasing live trading footage and explaining the strategy's rules. The focus is on trading OTC (Over-The-Counter) options during low volume periods, including weekends. Key elements include using a one-minute time frame, three moving averages for trend identification and trade setups, and the stochastic oscillator for additional confirmation. The video encourages practice on demo accounts and provides resources for further learning.

Takeaways

• 😀 The video demonstrates a strategy for trading binary options that resulted in over $3,600 in profit in less than 15 minutes.
• 🕒 The strategy is designed to be simple, making it suitable for beginner traders and can be applied during live trading sessions.
• 📈 The video includes a breakdown of the rules and strategy used to identify profitable trading positions through levels of confluence.
• 🌐 The concept of OTC (Over-The-Counter) trading is explained, highlighting its benefits such as 24/7 availability and the ability to trade on weekends.
• 📊 OTC prices are set by brokers, which can lead to potential price manipulations and the inability to use charting platforms like TradingView for analysis.
• 📉 The strategy involves trading in 60-second intervals, focusing on quick in-and-out trades to capitalize on market movements.
• 📈 The video showcases live trading footage to illustrate how the strategy works in a real-time trading environment.
• 📋 The presenter emphasizes the importance of using demo accounts for practice to minimize risk when testing new trading strategies.
• 📊 The strategy utilizes technical indicators such as the Stochastics Oscillator and Moving Averages to identify trends and potential trade setups.
• 🔍 The video discusses the use of divergence as a tool for identifying trade opportunities, where the price action and stochastics move in opposite directions.

Q & A

How much profit was made in the video's binary options trading example?

The video claims that over $3,600 was made in less than 15 minutes of trading binary options.

What is the primary audience for the trading strategy discussed in the video?

The strategy is aimed at beginner traders, as the video aims to keep the explanation simple and straightforward.

What does OTC stand for in the context of the video?

OTC stands for Over-The-Counter, and in the context of binary options, it refers to prices of the markets set by brokers themselves.

Why might OTC prices differ from actual market prices?

OTC prices are set by brokers and can differ from actual market prices because they are not directly tied to real-time market data.

What are the potential downsides of trading OTC binary options mentioned in the video?

The potential downsides include exposure to potential price manipulations by brokers and the inability to use charting solutions like TradingView for technical analysis.

How does the video suggest traders should practice new strategies before risking real money?

The video suggests using demo accounts to practice new strategies in a risk-free environment.

What is the time frame used for the trading strategy in the video?

The strategy uses a one-minute time frame, targeting 60-second trading positions.

What are the three moving averages used in the strategy, and what do they signify?

The three moving averages used are set at periods of 5, 2, and 100. The 100 moving average is used for trend identification, while the 2 and 5 moving averages are used for crossovers and identifying trade setups.

How does the stochastics oscillator play a role in the strategy?

The stochastics oscillator is used for confirming moving average crossovers by using overbought and oversold levels or divergences.

What is meant by 'confluence' in the context of the trading strategy?

Confluence refers to multiple indicators or signals aligning to confirm a potential trade setup, increasing the likelihood of a profitable trade.

What is the significance of divergence in the stochastics when applied to the strategy?

Divergence occurs when the stochastics and the price action are moving in opposite directions, which can signal a potential reversal and a good entry point for a trade.