IQ OPTION-Strategy Trading Open Market


Trading strategy at open market time is quite promising to get maximum trading, because at the time of open market either asian market, europe or america will give almost the same effect where the price will move big enough that if our prediction is right will get a fairly meaningful profit and counter.

Strategy that is common among professional traders is that with Support Resistance for beginners you can add indicators such as Bollinger band and CCI so that it is easy to know when the price has been overbought and oversold.

As in the picture above on the currency EurUsd at the time the Japanese stock exchange opened at 7 am WIB the price has reached the resistance line in the time frame 5 minutes, on the bollinger indicator the price band is already out of the upper line Bollinger band and also on the CCI indicator the price has also been overbought and the price will likely fall.

You can first try this strategy by creating/using a demo account and getting a $1000 trasing capital for trading exercises at Iq option Broker.

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