Making money trading binary options is simple. But that doesn’t mean it’s easy. It takes work, patience, and the ability to evaluate risks and jump on opportunities. If you’re willing to put in the time and effort, and able to control your emotions while trading, you can learn the rest. To start, let’s be clear: you can make money binary options trading. It’s possible to generate a consistent profit. Smart traders do it every day, executing binaries in everything from oil and gold to stocks and currency pairs. There are many trading strategies for working in the electronic contracts market. Some were adapted from stock and currency exchanges; some were developed specifically for the binary options market. Read the article to learn more about Thomas Binary Option Trading Strategy.
First, one should know that Thomas Strategy is based on two popular and simple tools: DeMarker and EMA. The high-profit Thomas strategy differs significantly from the rest of trading systems. Use your Pocket Option account to set up your trading workstation and start trading binary options.
Tools for Thomas trading strategy
Successful binary options trading is not a gamble but rather a system based on the algorithms of the strategy. To apply the strategy in your trading, install the DeMarker oscillator on your screen and open the deals upon crossing one of the overbought or oversold levels. The DeM is a technical analysis tool that compares the most recent maximum and minimum prices to the previous period’s equivalent price to measure the demand for the underlying asset.
Now, it is time to add EMA for more clarity and higher performance. Use it for additional confirmation to weed out most of the false signals.
Trading with the Thomas strategy?
To trade with Thomas strategy, you will need a five-minute Japanese candlestick chart. Choose to trade highly volatile currency pairs. Widely known among traders, the DeMarker indicator is built into such platforms as Pocket Option Broker. Find and activate it without changing its default parameters.
For EMA, choose “exponential” and set the period for the five-minute timeframe to 100. As the time interval grows, it is necessary to increase the period of the moving average. However, as practice shows, it is much more efficient to work with binary options on lower timeframes.
Buy a CALL option is made when the oscillator’s signal line leaves the 0-30 zone, and the EMA is below the chart, signaling an uptrend.
Buy a PUT contract, on the contrary, occurs when the DeMarker signal line leaves the 100-70 zone. In this case, a trend line from the moving average should be located above the chart.
The expiration time should be set at the rate of three candles to avoid market noise.
Thomas strategy is so profitable that you do not have to use the Martingale method. It generates infrequent signals with 90% effectiveness. Full-time trading requires a system. The absolute worst thing you can do when trying to make a living as a binary options trader is to jump into trades without having predefined guidelines. You need to identify actionable criteria ahead of time that signal whether you should execute trades or close your positions.