Hello.. Mate, how are you? Today, In this article, I am going to cover one of the most popular trading indicators that is widely used by traders on Pocket Option trading platform. Before, we start make sure that you have a Pocket Option account, In case you don't have one use this link. The Demarker indicator is a powerful tool for traders worldwide who are looking to enhance their trading strategy. This tool is a momentum indicator that will help you identify the upcoming trends and reversals using overbought and oversold levels. How to Install Demarker Indicator on Pocket Option? Demarker Indicator is a free-to-use trading tool which means you can even use this indicator on the Pocket Option demo account for free without paying or making any deposit 1> Registration: The first and foremost step is having access to a Pocket Option account. In case you don't have one use this link. 2> Trading Dashboard: Next, access the trading dashboard. Login to your trading accou...
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Support and Resistance are one of the most important chapters in the context of trading, If you read one of the best-selling books on trading like How to Day Trade for a Living by Andrew Aziz. You will see a big chapter on Support and Resistance.
The concept of Support and Resistance is that important and therefore I have always insisted traders to learn the concept of Support and Resistance on Pocket Option much before the concept of the candlestick or any other indicators.
How do you Draw Support and Resistance levels on the Pocket Option?
Step 1> Log into your Pocket Option account: The first and foremost is to log in to your Pocket Option. In case, you don't have one yet, click here. Once you click the link you will land oo the Pocket Option home page next fill in the necessary details such as email address, password and once you are done click complete registration.
Step 2> Find the tools button: Once you have signed up you will land on the trading dashboard now, click the tools button at the top of the page and find the horizontal line in the list.
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Step 3> Place the horizontal lines: Click the Horizontal line name twice this will add the horizontal line on the Pocket Option trading chart. Now, place the horizontal lines above the green and the red candle at the same distance for the Resistance level and similarly place the horizontal line below the green and the red candle at the same distance for the Support level.
How to trade with the Support and Resistance on the Pocket Option?
Now, that you know how to draw support and resistance levels on the Pocket Option now, talking about how you can trade with the same is not a big deal. When the candles or the price touch the support level it signals an upcoming bullish trend and vice versa when the candles or the price touches the resistance level it signals an upcoming bearish trend.
Let me show you some examples
As, you can see above is the price chart of AUD/CAD, see the marked arrows we can clearly as the price touches the support level there is an uptrend and vice versa, we can clearly as the price touches the resistance level there is a downtrend.
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