Advantage of social trading is that the traders you are copying are investing their own money in the strategy. In addition, the desire for recommendations in different aspects of our lives has been a powerful force.

Social trading on Pocket Option Broker platform offers previously unseen market accessibility, alongside the ability to earn money without significant time or capital outlays. There is also potential for those who become expert traders to generate revenue by being copied.

Social trading can benefit new traders

Let’s imagine that you decide to trade binary options, but you know nothing about trading strategies. If you are just entering the world of trading, you can play it safe and start copying trades of successful traders.

To begin you need to take the following steps:

• register on the Pocket Option Broker platform;
• top up your trading account from $ 10;
• go to the trading terminal and click on the “Social Trading” icon.

In the Social Trading list you will a list of successful traders and you can choose whom to follow. With social trading function, you do not have to rely on luck because you can copy the transactions of the experienced trader.

By clicking on the icon of each trader you will also see the rating.  You can study statistics to the profitability of the deposit, the number of transactions, etc.

In the list you can select one or more traders and set up your trading system. To do this, click on the live trading button and set the copy parameters.

We remind you to pay attention to “Proportion”. For example, if the trader’s account is 1000$ but you have only 10$.  If you copy the trades, then the volume will exceed entire deposit. You need to set the proportion parameter to 1/100 so that you deposit does not go into one sale. Once you set up your account, confirm and copy of the trader to start social trading.  You can also set up the system manually. To do this, in the “Social trading” settings, you must enable the display of professional trades on your chart.

Signals from Social Trading

With a healthy weighing up of the pros and cons, social trading clearly offers good potential for retail investors. They are not the only ones who stand to gain, however. Professionals are yielding insight into market mentality, shifts in momentum and signs of where activity might be heading as part of the total information that banks and funds routinely trawl through.

The function of copying trades from the Pocket Option broker also benefits professionals. The service interface is designed like a social network, but for traders. Here you can see the number of your subscribers, you can create general chats and even gather a whole team of like-minded people.

In addition, a purely psychological factor is also beneficial: a person does a job better when someone is watching him.

Overall, Pocket Option’s Social Trading feature is useful and free.  Using social trading in all its forms, consumers have their sights set on growing their wealth by copying the strategies of experts. The gains made by many will be significant, but so too will be the losses of others who fail to manage risk. As millions more social traders hit the markets, professional fund managers will pour money into better analyzing the total data available, so they can be ahead of shifts in market sentiment.

The post Social Trading from Pocket Option Broker appeared first on Pocket Option.

Everybody was a beginner at some point of the life. Trading is no different. You must learn trading basics and advanced basics to become a professional trader. You must learn proven strategies and gain experience. It’s important to be realistic about this profession. There is no perfect method of trading that consistently produces only winning results. However, if you practice learning to discriminate accurate information from that which is incorrect or misleading, you can spend most of your time focusing on information that will make you a more efficient and profitable trader.

What qualities do professional traders possess? Let’s start with an example of a successful professional trader Jack Schwager. He is a recognized industry expert in futures and hedge funds and the author of a number of widely acclaimed financial books. He is one of the founders of Fund Seeder, a platform designed to find undiscovered trading talent worldwide and connect unknown successful traders with sources of investment capital.

One of the most efficient methods for learning to trade is learning market and trading basics. A solid understanding of the basics provides the foundation that will support your entire career. This first level of knowledge is required before more advanced trading information can be successfully implemented.

Read books on trading or reputable trading websites can provide you with all the trading basics you need at a relatively low cost or no cost. Learning is nothing without practice. Experience trading gives new traders an opportunity to learn about the various markets and the one in which they want to trade. Practice doesn’t make perfect, but in trading at least, perfect practice makes improvements. You’ll never achieve perfect results because not all trades are won, even by professional traders. And that is okay.

Traders determine if they want to trade stocks, futures, options or forex trading. Upon making this choice, they can then delve deeper into the trading basics specific to that market. The next step is to learn strategies that will produce a profit in whatever market you want to trade. Such strategies are subjective, which means the source of the information matters. Free resources may provide generic strategies that worked at one time, but no longer work.

Traders build successful strategy on the combination of intellect, character, psychology, experience. 

Martin Schwartz said that exchange of strategies does not work, so if traders exchange their strategies, there is no guarantee that it will work.

And finally, the most important thing. A professional trader can manage risks. Many beginners go into trading blind and rely on luck instead of working methods. When they lose, they blame their failure on the broker or the market.

A trader has to remain reasonable in the middle of financial storm. He adapts to unexpected factors and adjusts to circumstance.

If you can develop all of the above qualities in yourself, then sooner or later you will definitely join a group of professionals. As a trader progresses and gains more experience, they will likely find ways to improve their strategies or notice other market tendencies that can be exploited if another strategy is formulated. A successful trader may also find that a strategy that once worked is no longer performing well. In this way, a trader is always learning from their experiences and trying to find better ways of performing their job.

The post Mission possible: how to become a professional trader? appeared first on Pocket Option.

Binary options, just like any other form of financial trading, has an element of risk involved. You could lose all or most of your money in an instant if you are careless or greedy. As such, the concept of risk management is one that every binary options trader should take very seriously.

The generally accepted risk management rule adopted universally by professional traders is that no more than 2% of the account size should be exposed to the market at any given point in time. What this simply means, is that if you have a $1000 binary options account, you should not have more than $20 in the market at any given time. Trading anything more than this is extremely risky, especially as binary options is an “all or none” type of market.

Binary options are different from forex where traders can cut their losses early if they see a bad trade. In binary options, unless your broker is gives back 15% of invested capital in trades, or you have the opportunity to sell off the contract before expiry (variable options), then your risks are too high, and you are out of luck.

Calculating your risk in binary options is actually very easy with 2% rule which tells that you can expose only 2% of your capital at any single time. So, your first step is to identify and sign up with a broker that will allow you to place trades within the confines of your acceptable risk appetite.

Binary options brokers have made this very easy, because the moment a trader pushes the button to purchase a contract, the trader is immediately shown the cost of purchasing that contract. He cannot lose more than what he spent purchasing the binary options contract, so for every contract purchased, the amount at risk is known and the potential reward is also known. This enables the trader to do what is necessary in order to keep his risk within acceptable limits.

The essence of all this is to protect your account from the devastating effects of losses in a single trade where too much capital was invested. Imagine a situation where a trader with a $5,000 account tries to hit a $2,000 payout and invests $1000 into a trade. If that trade is out of the money, then he has lost 20% of his account in just one trade!

You may think this is over the top, but you will be surprised at how often many retail traders succumb to the destructive emotion of greed and try to dare the market in this manner. Do not fall prey to this. Traders all hope to win but the truth is that there are successful and unsuccessful trades. It has happened to everyone; even the great Warren Buffett lost millions in October 2008.

Before you start trading calculate your deposit amount based on the minimum investment required by a particular broker. If a broker’s minimum investment is 5$, your deposit should be 250$ because 5$ is exactly 2% of your deposit. This way you will be risking 2% of your account balance in each trade and you will be able to invest at least 50 times while testing your strategy. This method is smart and relatively safe.

Experienced traders recommend maintaining the risk per trade ratio at 2%. It means that you can afford to risk only 2% of the funds remaining on your account in a single trade.

It is difficult to overestimate the relevance of 2% rule in trading binary options. After buying a contract, you initially know both the potential profit and the possible loss. Therefore, using 2% of the deposit in each trade, you will have 50 trades some of which will be successful. There is a huge difference between 2% and 10%. When allocating 2% of the capital to a single deal loses might reach only 10% of the initial capital. With 10% at stake in every deal, loses may be over 40% after a series of only 5 unsuccessful deals.

Binary options trading is not a casino game or a jackpot chase. In reality, trading has nothing to do with gambling. The sooner you understand this the better. If you find yourself thinking about trading in terms of blind luck you are definitely doing something wrong. Risk management rules are here to bail you out and make your entire trading journey more productive. Remember that as a trader, you are not looking for a jackpot. Instead, you should be interested in a series of small wins, each of them getting you closer and closer to your goal. Fund allocation is not the only risk management rule to follow. Still, it is something to familiarize yourself with and, most importantly, use in your daily trading routine. Just following this simple rule can dramatically increase your chances of improvement.

The post Golden 2% Rule of Trading Risk Management appeared first on Pocket Option.

The success in turbo trading depends on the outcome of the trend: will the underlying asset be above or below a certain price at a specified time? If so, you can make substantial profits with one of the most straightforward financial instruments to trade. In 2008, the US Securities and Exchange Commission opened the binary options market so almost everybody could trade through an exchange. The internet and technology have since given the whole world access to these ‘digital’ options. You need the best binary options broker trading platform (for example, the Pocket Option) that meets all your requirements and who will enhance your trade performance.

If you want to profit trading binary options, you need to first understand both their pros and cons. You need to make sure binary options will suit your trading style, risk tolerance, and capital requirements.

As it stands, with low barriers to entry for savvy day traders and a simple to understand preposition, the demand for these digital trades will only increase.

Turbo options are the most profitable types contracts. Due to the shortest possible expiry time, traders can make frequent and repeated profit. Such traders who trade in turbo regime are called “scalpers”. They usually are fast-paced and geared-up individuals who think and act fast. It not for everybody because it is very stressful, so such traders are considered top-notch experts. Scalping is a method of trading that attempts to make a profit out of small price movements between assets within the forex market. Therefore, scalping forex requires traders to buy or sell a foreign currency pair, such as the EUR/USD, and then hold the position for a short amount of time, hoping to generate a small profit. Forex scalpers will then repeat this process to gain frequent returns throughout the day, taking advantage of price fluctuations of each currency pair.

Scalping indicators such as Bollinger bands, stochastic oscillators and Keltner channels work to demonstrate patterns, trends and warnings to a trader as they monitor the online forex market. Pocket Option trading platform offers plenty of popular forex scalping indicators. Trading in turbo options has some pros and cons. The undeniable attractive sides of turbo options are:

1. Opportunity to make a quick profit.
2. Guarantee of fixed profit if the price moves a couple of points in your direction.
3. Predictability and no stop orders. You know potential loss and profit before you make a move.
4. Trading on news.

If you are interested in turbo trading, register with the Pocket Option platform to learn more and test your understanding with a demo account. The Pocket Option gives beginning and experienced traders a wide range of tools for informed decision making. You could also benefit from trading bonuses, tips, the best strategy and trading signals reviews, plus free, practice demo accounts. For newbies, getting to grips with a demo account first is a sensible idea. Funded with simulated money, you can try numerous assets and options. It’s the perfect place to make mistakes and learn before you put real capital on the line. In addition, you’ll find most free binary options demo accounts require no deposit, so you can start practicing whilst you save that initial capital.

Here are some tips how to handle pressure and succeed in turbo option.

1. Train for scalping. Scalping requires maximum concentration and focus. It can be nerve-wrecking and stressful. You need to be able to make fast decisions. Scalpers say: “A slow trader is a dead trader”.
2. Focus on one currency pair or position at a time. Trading multiple positions at the same time can be difficult to properly monitor the technical charts.
3. Trade during fast markets. Do not trade in a sluggish market because it is a sure way to lose money.  It is advisable to only trade currency pairs where both liquidity and volume are highest. Scalping is very fast-paced and therefore major currency pairs need liquidity to enable the trader to dip in and out of the market at high speed.
4. Risk management. Limit your risk to less 2% of the deposit in one position or use the Martingale method. Scalpers often have a specific temperament or personality that reflects the risky method of trading. Scalping requires concentration, analytical skills and a decent amount of patience, allowing scalpers to make hasty decisions with the hope of making a profit.

Success in turbo options trading depends on concentration and personality: traders must spot the changes straight away and close their position in order to avoid losses. The longer the position is held for, the more risk of prices moving outside the scalper’s betting range. Therefore, the majority of scalpers usually stick with the tighter currency spreads and not make too many bold choices in order to minimize risk. A scalping strategy is not advised for beginner traders, due to the level of experience, concentration and knowledge.

The post Turbo Options with Pocket Option Broker appeared first on Pocket Option.

Markets react to political economic news daily which can greatly benefit day traders. Scheduled announcements such as economic statistics, corporate earnings, or interest rates are subject to market expectations and market psychology. Day traders are attentive to short-term signals. For example, trading based on the news is a popular technique. Professional day traders follow a rigid framework that consists of the following rules:

Know Your Strategy

Day traders use numerous intraday strategies. These strategies include scalping, range trading, news-based trading, high-frequency trading (HFT). Traders should evaluate strengths and weaknesses before making a decision whether to make numerous small profits on small prices changes throughout the day or use support and resistance levels to determine buy and sell decisions, seize trading opportunities from the heightened volatility around news events or exploit small or short-term market inefficiencies.

Never Stop Learning

Individuals who attempt to day trade without an understanding of market fundamentals often lose money. Technical analysis and chart reading are both good skills for a day trader to have. But without a more in-depth understanding of the market you’re in and the assets that exist in that market, charts may be deceiving. Do your due diligence and understand the particular ins and outs of the products you trade.

Day traders are typically well-educated because trading requires an in-depth understanding of how the markets work and various strategies for profiting in the short term.

Trade with the Trend

While the success stories of those who struck it rich as a day trader often get a lot of media attention, remember this is not the case for most day traders: many will fizzle out and many will just barely stay afloat. Furthermore, don’t underestimate the role that luck and good timing play—while skill is certainly an element, a stroke of bad luck can sink even the most experienced day trader.

No Blind Luck, Only Calculated Risk

Day traders use only risk capital which they can afford to lose. Not only does this protect them from financial ruin, but it also helps eliminate emotion from their trading. A large amount of capital is often necessary to capitalize effectively on intraday price movements. Having access to a margin account is also key since volatile swings can incur margin calls on short notice.

Strategy and Discipline

A trader needs an edge over the rest of the market. There are several different strategies day traders use including swing trading and trading news. These strategies are refined until they produce consistent profits and effectively limit losses. A profitable strategy is useless without discipline. Many day traders end up losing a lot of money because they fail to make trades that meet their own criteria. As they say, “Plan the trade and trade the plan”. Success is impossible without discipline.

Although day trading has become somewhat of a controversial phenomenon, it can be a viable way to earn a profit. Day traders, both institutional and individual, play an important role in the marketplace by keeping the markets efficient and liquid. While day trading remains popular among inexperienced traders, it should be left primarily to those with the skills and resources needed to succeed.

The post Professional Trading Advice appeared first on Pocket Option.

Trading psychology refers to the emotions and mental state that help to dictate success or failure in trading. Trading psychology represents various aspects of an individual’s character and behaviors that influence their trading actions. Traders develop certain traits, which in turn allow them to implement a strategy effectively, in all market conditions.

Discipline, Rules and Ratio

While discipline is the key, rules are very important in trading. Keeping a trader’s diary will help to set up rules for trading. Write down all successes and failures, describe and analyze in detail and it will help to avoid mistakes in future.  Traders require the discipline to do nothing when there are no opportunities present but must still stay alert for potential opportunities. Then, they need the discipline to act instantaneously when trading opportunities occur. If you are not disciplined, your trading will turn into gambling, and it will not end well.

Patience and Steadiness

Patience is important. Traders require patience in waiting for their ideal entry and exit points—based on their strategy—but when the moment calls for it, they need to act swiftly. There is a constant seesaw between prolonged periods of patience, followed by split-seconds of action, which are then followed by patience, and so on.

The difference between a successful trader and an unsuccessful one is that most successful traders win slightly more on their winners than they lose on their losers and typically win slightly more often than they lose.

Traders must stay focused and rational through a losing streak and not let the loss of capital affect their judgment—which will make matters worse. It requires mental toughness to stay focused on executing your trading plan and realize when the market isn’t providing you with good opportunities for your strategy.

Confidence and Independence

Eventually, traders must develop a sense of independence, no longer relying on others. Most traders choose this path because they find it to be the most profitable. Once you have a trading method that works for you, you don’t want other people’s opinions. You do what works for you, and that is that.

Some traders learn independence the hard way when they bounce from mentor to mentor, or trading book to trading book, always feeling like they are missing something. Or the service they subscribe to shuts down, and now they have no idea how to trade because they relied too heavily on someone else. If you develop independence, taking responsibility early on for your education, profits, and losses, you won’t have these problems down the road.

Goal-Oriented and Positive

Never get stuck in the past. While day traders use data from the past to help them make trading decisions, they must be able to apply that knowledge in real-time. Like a chess master, traders are always planning their next moves, calculating what they will do based on what their opponent (the market) does.

As discussed in the adaptability section, the markets are not static. We can’t say we will buy at a certain price in five minutes, and then ignore all the price information that occurs during those five minutes. Day traders are constantly planning their next action, based on new price information they receive every second. They consider different scenarios that could play out and then plan out how they will implement their trading plan (entries, stop loss, targets, trade management, position size) under each of those various conditions.

Calculated Risk and Informed Decisions

The trader must understand that he has no control over losses. Unprofitable deals accompany anyone and cannot be avoided. When opening a trade, a trader always takes risks and this is quite normal. Only the excess of risk is abnormal. A professional always determines the risk that he is willing to bear in the event of a wrong forecast. Having determined the maximum allowable amount that can be risked in a particular trade, the trader should in no way exceed it. When you see a potential trade that will require you to exceed your risk tolerance, even by a couple of cents, you should skip it.

Most traders develop the successful traits during their career. Everybody can learn these traits, which is a positive thing because it means successful day trading is determined by you and not necessarily your genes. Some of us are prone to certain weaknesses, but we can offset these with strengths, which can help us mitigate the damage of our weaker qualities.

Take a personal inventory of what qualities you need to work on and what your strengths are. Ideally, take this inventory based on trading experience, since trading tends to expose vulnerabilities and strengths we didn’t know we had. The personal inventory requires looking at your discipline, patience, adaptability, mental-toughness, independence, and forward-thinking.

The post Trading Psychology and Successful Personality Traits appeared first on Pocket Option.

As a beginner you can find a trading platform and register an account. Trading is not gambling. To start trading you need to learn more about binary options trading, profitable strategies, indicators, trends, economic index and exchanges. It can be complicated and overwhelming.

Read a step-by-step guide from the experienced trader to learn more about binary options. Education and training will help you to become successful. Also before trading real money you should take advantage of a demo trading account and test your strategies.

Step 1. Learn terminology

You definitely need training. For example, here’s some specific terminology wrapped with binary options. Can you sell an option? No, but you can buy a “put” option. In order to understand what binary options trading are and how to make money, you need to learn the basics. You need to know the answer to the following questions:

1. What is the electronic contract market? What is being traded here? How is the price formed? Where does the profit come from?
2. Fundamental analysis. How economic indicators affect financial markets? How to track the situation on the market?
3. Technical analysis. What is a trend? What indicators are important? How to determine the direction of the price?
4. Trading terminal. Brokers trade in their accounts on the own trading platform. The platform at Pocket Option has an intuitive interface and a complete set of tools t you start trading.

Step 2. Risk Management

Trading binary options has an element of risk involved. You could lose all or most of your money in an instant if you are careless or greedy. As such, the concept of risk management is one that every binary options trader should take very seriously. Calculating your risk in binary options is actually very easy. Binary options brokers have made this very easy, because the moment a trader pushes the button to purchase a contract, the trader is immediately shown the cost of purchasing that contract. He cannot lose more than what he spent purchasing the binary options contract, so for every contract purchased, the amount at risk is known and the potential reward is also known. This enables the trader to do what is necessary in order to keep his risk within acceptable limits.

Step 3. Trading strategy

The basic requirement is to predict the direction in which the price of an asset will take. The price will either increase (call) or fall (put).

Successful binary options traders often gain great success utilizing simple methods and strategies. It is very important though, to understand which strategy to use in each situation and in every event, you should have a well thought out strategy for every market condition. Whatever indicators you are using to signal moves, or lack of moves, in the market now, are the same you would use for binary options. Additionally, as with any type of trading, even before having a sound strategy, you need to employ sensible money management. Start with 2-3 indicators and read more tips on the strategy: you strategy is good if you have profit/loss ratio is at least 70/30.

Step 4. Trading psychology

Trading real money is tough. It can be exciting and depressing at the same time.  Discipline and risk-taking are two of the most critical aspects of trading psychology, since a trader’s implementation of these aspects is critical to the success of his or her trading plan. Under pressure new traders start to panic and make mistakes, deviating from the chosen strategy. Therefore, it is recommended to start with a minimum deposit and work on small stakes. Finally, you need to read a lot on how to become cool and composed. It will help you accept the risk involved in trading. As a result, you will always enter trades in a disciplined way.

Step 5. Trading system

The overall trading system includes all of the above. You need a set of rules to follow while trading. The components of your strategy include strategy, money management, psychology, trading schedule and potential financial goals.

As a last word of wisdom to the new traders, do not forget that we every successful trader finds his or her trading style and risk tolerance. As long as you can learn from your mistakes, you can become successful.

The post How to start binary options trading: a step-by-step guide appeared first on Pocket Option.

Where to start if you are a beginner?

Start with a demo account from Pocket Option. At Pocket Option, we offer to our new traders a demo account where they can test their strategies. We also offer advice and recommendations from our well-known and popular brokers. We offer a generous list of indicators and oscillators so you can successfully increase profits and reduce your risk.

Despite the fact that the advertising given by brokerage companies assures you that you can get a stable profit from the very first days, nevertheless, it is not so simple here. Therefore, before starting to engage in trading, a beginner must undergo appropriate training. And for this, we need a system. Otherwise, you simply get confused in the amount of information that is now available on the network.

If you already know the basics, you still need to read about the indicators, oscillators and strategies. In this article, you will find a step-by-step guide that will help you start trading on binary options if you are a beginner.

How to Start Trading Binary Options?

So, you decided to start trading? Congratulations! We recommend you take the following steps:

1. Get some basic training in trading. Learn more about:
   • Types of binary options;
   • Types of technical analysis and strategies;
   • Types of charts and indicators;
   • Trading terminal;
   • Risk management.
2. Find a trading platform. There are so many platforms that offer a demo account and do not set high limits. Pocket Option is one of the most popular trading platforms.
   We also offer many educational materials so you can also make a sensible decision as a beginner and start trading now. With us, you can start here with just $ 10, and the minimum amount is $ 1.
3. Develop your trading strategy. Trading is not gambling, so you need a trading strategy. Test it on your demo account. A strategy is considered working if the profit is 70%.
4. Find your psychology. No strategy works without psychology if you want to become a successful player. Real trading is very different from the demo. Therefore, it is recommended for beginners to start trading on a minimum deposit.
5. Find your trading system. A trading system is a set of rules that you make for yourself. It is the basis for your trading, money management and strategy. 

What beginner traders should know?

Binary options are a simple option contract with a fixed risk and fixed reward. The options are called binary because there is a “one or the other choice.” The choice is up or down; touch and no/touch.

Some key things you should remember before you start trading binary options:

• Your risk is limited to your trade amount.
• If you make losing trades, you lose your trade amount.
• There is some risk involved. Apply strategy to manage it.
• You never own any assets. You only trade in the direction of price.
• You have to win the majority of your trades to make money.
• Up/Down is only 1 type of binary option, there are many others.
• Trading binary options is designed to be easy and transparent.

A trader chooses an asset (a stock, commodity, currency) and trades if it is going to go up or down in a certain amount of time. You bet money on your prediction. You know how much money upfront you will earn if your prediction is correct. If your prediction is wrong, you lose your bet and the money risked. If you predict correctly you get your money risked back plus a return. The returns usually are 70-85%.

Join the Pocket Option family of traders, learn some basics and test your strategy with the demo account before you start trading real money. Good luck on your way to success and financial independence!

The post How to Start Trading Binary Options? appeared first on Pocket Option.

What is a reason for so many myths? How to succeed? How not to fail? Let’s consider some popular views on trading and discuss if they are true or not.

Opinion #1. Binary Options and Forex are the Same

Not true. They are like apples and oranges. Binary options trade currency, metals, and many other existing assets. Trading electronic contracts is much simpler and more affordable than Forex. Trading requires a trader to see where the price is going and follow the direction wisely. Even if the price changes by one point, there is a profit. The same applies to losses. Forex is different: the profit depends on the number of points that the price will go in the specific direction. People lose money when the market turns against and people do not close the deal on time.
We recommend to try Forex if you are an experienced trade.

Opinion #2. Binary options are like gambling

Not true. Like any market, binary options have some logic behind it. Traders need a well-formed trading strategy based on analysis. There are many indicators, indices, parameters to help traders to do their calculations better.

The Pocket Option trading platform offers the traders the most popular indicators and technical tools. You can read tutorials, recommendations and practice with your free demo account.

Opinion #3. Fast Money on Binary Options

It depends. While trading electronic contracts, you do not have to wait until the price passes a certain number of points. You need to define a trend and ride it. Secondly, a binary options market is quick. Some trades take only a few seconds. So traders can make and lose money quick.

Opinion #4. Binary Options are Very Risky

Not true. There are more risky endeavors. In electronic contract trading, profit and loss are predetermined. Therefore, no matter how you make a mistake with the analysis and no matter how much the price goes against you, you will only lose the amount in the transaction.
As you know the minimum to trade in Pocket Option is only 1 dollar.

Opinion #5. You need a well-established strategy

True. Buying and selling at random is madness. You need a system that works. Read, learn and practice to figure out the right strategy. Fortunately, even beginners can be successful. You can find many effective trading strategies offered by the experts. The Pocket Option trading platform offers you a free demo account so you can practice.

Some opinions about trading of electronic contracts are right, and some are wrong. You should make your own opinion. You can try trading without risk when you sign up and get a free demo account from Pocket Option. Why should you waste time trading with virtual money before you trade with real money?  Because when you first get started, even if you have done a ton of research and testing, you are probably going to lose a lot of trades.  If you are losing fake money instead of real money, you are saving up your real money for when you actually know what you are doing.  The idea may make you impatient at first, but it will ultimately save you time.  It will also teach you how to be patient and responsible, which are critical skills for binary options success.
So yes, a demo account is important.

Whatever people say we agree that Binary Options can be a challenge. Most people eventually understand how much potential they represent.

The post Top Opinions about Binary Options: True or False? appeared first on Pocket Option.

Let’s look and compare the charts from daytime and nighttime trading.

As a rule, the prices are more volatile during daytime and more stable during nights.

So, the daytime chart looks like this:

Trading during the first one to two hours that the stock market is open on any day is all many traders need. The first hour tends to be the most volatile, providing the most opportunity. Although it sounds harsh, professional traders know that a lot of “dumb money” is flowing at this time.

Many day-traders also trade the last hour of the day, from 3 to 4 p.m. ET. By that time, traders have had a long break since the morning session, allowing them to regroup and regain their focus.

The last several minutes of trading can be particularly active, with big moves on high volume.

And during night, you might see this:

If you choose your trading time wisely and apply relevant strategies, you will increase your profits at any time of the day or night!

Closing times for stock market exchanges vary. Major stock market exchanges are the Shanghai Stock Exchange, Swiss Exchange, London Stock Exchange, New York Stock Exchange, and Nasdaq.

Depending where you are, you will have to make an adjustment to the local time. Of course, all foreign stock exchanges have their own rules and hours of operation.

Here is a table with market times (in GMT) for major cities around the world:

We live in a global economy. And while many of the world’s largest publicly traded companies are based in China, Russia or Mexico, there are countless more that trade on stock exchanges based elsewhere.

Keep the bigger picture in mind, too, beyond the hourly grind. Monday afternoon is usually a good time to buy because the market historically tends to drop at the beginning of the week, particularly around the middle of the month. Many experts recommend selling on Friday before that Monday dip occurs, particularly if that Friday is the first day of a new month or when it precedes a three-day weekend.

The post What is better for trading: day or night? appeared first on Pocket Option.