Work online in Philippines – These strategies are highly successful
Many traders, homemakers, students, and free-lancers have taken Binary Options and Forex trading as a serious business. They work online in Philippines on these financial products and make a decent profit every month. It is essential to state that many of them lose money too, but successful traders use appropriate money management skills and recover the lost money to stay profitable in the long run. It is not something everybody can do. But everybody can try. You can give it a try RISK-FREE in a Demo Account while applying some of the strategies or indicators mentioned on this page. If you find it favorable to you, you can go for a live trading account and take up trading as your Online Business in Philippines.
You may choose to work online in the Philippines, on binary trading systems with recommended technical analysis. It has the potential to make enough money for you. If you can learn trade discipline and some basic chart interpretation skills, you have the possibility of earning more than $100 every day, just by trading a few hours a day. But don’t forget the risks involved and the risk of losing money.
The benefits of taking Binary options trading as an “Online work in Philippines” is that you are your own boss. You need not work for somebody else, and there is no upper limit to your earnings. As you are working for your own by investing a nominal amount starting from $100 to $1000, there is no chance of being scammed. But if you don’t obey the trading rules, get greedy to become rich overnight, and trade without discipline, you are going to lose your initial investment. (After that you have this Online Work).Hence you must follow the trade disciplines.
Make $50 per day in Philippines using Bollinger band and Stochastic Indicator
Here we will discuss how to use two simple and free indicators to trade Binary Options or Fixed Time Trades of 5 minutes expiry. I have used this method to make $50 to $100 in a few hours on several days, and have also lost money on a few occasions.
Bollinger Bands display the volatility above and below a moving average line. The width of the band narrows when there is low volatility and widens when there is high volatility in the market.
The price of the asset moves between the bands – the upper and lower bands may be considered as the area from where price bounces back.
It is a momentum indicator that works by comparing the closing price of an asset over a range of time. The Stochastic indicator’s reading above 80 is considered as overbought, and below 20 is considered as oversold levels of an asset.
Bollinger Bands with Stochastic Oscillator:
Select Bollinger Bands and Stochastic Oscillator on candlestick chart of the 1-minute time frame for our trading purpose.
- Select Bollinger Bands and Stochastic Oscillator on a 1 Minute candlestick chart as shown in the IQ Option platform image below.
- When you find candle touching upper sideband AND Stochastic is above 80, its a time for a reversal. Hence place a PUT trade there with 5 min expiry. See the attached screenshot.
- When you find candle touching lower sideband AND Stochastic is below 20, its a time for a reversal. Hence place a CALL trade there with 5 minutes expiry. Refer to the attached screenshot.
- I win approximately 8 trades out of 10, thus giving me a winning of 80%. You can see my trades and the winning percentage in the image below.
You can use additional confirmations to increase your success rate. Use Support Resistance lines, and trend direction to filter out less probable signals. You may lose a trade, hence don’t invest all your money in a single trade. Invest 5 to 10 percent of your capital.
How to earn $50 per day in Philippines using this strategy?
To start working on this strategy, you have to open a demo account with IQ Option, Expert Option, or Binomo. Practice this strategy in the Demo Account for a few days until you feel confident to trade with real money.
Deposit an amount of $200 or more and start trading with $10 using Bollinger band-Stochastic strategy. Stop trading for the day after you reach your target of $50, or if you lose 3 consecutive trades.
Avoid trading during news hours and when the market is idle, the idle market is indicated by narrow bands of the Bollinger band indicator.
I got the following trades in less than an hour and won 8 trades out of 10.
- Don’t risk all your money in a single trade.
- Apply your strategy in a demo trading account and see its performance.
- Always stick to your strategy.
- Don’t trade if your indicators don’t show you an opportunity.
- Don’t risk more than 5 to 10 percent in any single trade.