6 minute read
How Does Pocket Option Work for Beginners?
from Pocket Option
If you're a beginner wondering how Pocket Option works, here's the short answer: Pocket Option is a binary options trading platform that allows you to predict whether an asset’s price will go up or down in a specific time frame. If you're right, you make a profit—if you're wrong, you lose your investment.
Now, let's break this down step-by-step so you can understand exactly how to use Pocket Option effectively as a beginner, avoid common mistakes, and trade with more confidence.
💥 Trade with Pocket Option now: Open An Account 👈
What Is Pocket Option?
Pocket Option is a binary options trading platform that was launched in 2017 by Gembell Limited. It offers access to over 100 trading assets, including currencies (Forex), cryptocurrencies, stocks, and commodities. The platform is known for its user-friendly interface, low deposit threshold, and high returns on successful trades.
Unlike traditional trading where profits are based on how far the price moves, binary options trading on Pocket Option involves simply predicting the direction of price movement within a selected time period.
How Pocket Option Trading Works (Step-by-Step for Beginners)
1. Sign Up and Create an Account
Signing up is simple. You can register using an email address, Google account, or Facebook profile. Once you create your account, Pocket Option offers a demo account with $10,000 in virtual funds so you can practice before using real money.
2. Choose an Asset to Trade
After logging in, choose from one of the available assets such as:
· Currency pairs (e.g., EUR/USD)
· Cryptocurrencies (e.g., Bitcoin, Ethereum)
· Stocks (e.g., Apple, Tesla)
· Commodities (e.g., gold, silver)
Each asset shows a percentage payout, which indicates how much profit you’ll make if your prediction is correct. For example, a payout of 85% means a $10 investment returns $18.50 ($10 + $8.50 profit).
3. Decide the Trade Amount
You can start trading with as little as $1 per trade. This is great for beginners who want to test the waters with minimal risk.
4. Select Trade Duration (Timeframe)
Pocket Option lets you choose the expiration time of your trade—from 30 seconds to 4 hours. Shorter durations are riskier but offer quick outcomes. Longer durations give more time for trends to develop but require patience.
5. Make a Prediction: Up or Down
Once you've selected your asset and expiration time, it’s time to place your trade:
· Click the green “Up” button if you believe the price will be higher at the end of the timeframe.
· Click the red “Down” button if you believe the price will be lower.
If your prediction is correct when the timer ends, you win the trade and receive your investment plus the payout. If not, you lose your investment.
Key Features That Help Beginners on Pocket Option
1. Demo Account
Use the free demo account to learn how the platform works and test your strategies risk-free. It’s a valuable tool for beginners to get familiar without financial pressure.
2. Signals and Indicators
Pocket Option offers built-in trading signals and over 50 indicators (like RSI, MACD, Bollinger Bands) that can help you analyze the market and improve your predictions.
3. Copy Trading
Beginners can use the copy trading feature to follow successful traders. You can view their win rate, number of trades, and total profit before deciding to copy them.
4. Bonuses and Promotions
Pocket Option often provides deposit bonuses, cashback, and daily rewards. While these are tempting, make sure to read the terms, as bonuses may require specific trading volumes before withdrawal.
5. Tournaments
The platform hosts free and paid tournaments where you compete with other traders. Winners can earn real cash or other rewards, which is a fun way to learn and earn.
💥 Trade with Pocket Option now: Open An Account 👈
Risks Involved in Pocket Option for Beginners
Pocket Option is legitimate and used by traders in over 90 countries, but that doesn’t eliminate the risk. Binary options trading is high-risk, high-reward. Here are some points to keep in mind:
· All-or-nothing: You either win a fixed payout or lose your entire stake.
· Addictive nature: Fast trades and quick outcomes can lead to impulsive decisions.
· Overtrading: Many beginners lose money by trading too often or chasing losses.
To avoid these pitfalls, always start with the demo account, never invest money you can't afford to lose, and stick to a tested strategy.
How to Make Money on Pocket Option (As a Beginner)
1. Start with a Strategy
Trading randomly is gambling. Use a basic strategy like:
· Trend-following: Trade in the direction of the market trend.
· Support and resistance: Identify price zones where reversals commonly happen.
· Breakout strategy: Trade when price breaks key levels with volume.
2. Use Money Management Rules
A good rule is the 1-2% rule: never risk more than 1–2% of your total capital on a single trade. This protects your account from quick losses.
3. Practice on Demo Until You’re Consistent
Don’t switch to real money after a few lucky trades. Make sure you can consistently win 60% or more of your demo trades before going live.
4. Control Emotions
Avoid revenge trading, overconfidence, or panic. Emotional trading leads to poor decisions and losses.
Is Pocket Option Legal and Safe?
Yes, Pocket Option is operated by Gembell Limited and registered with the International Financial Market Relations Regulation Center (IFMRRC). While it’s not regulated by traditional government financial bodies like the SEC or FCA, it has a positive reputation among traders.
Always check if binary options trading is allowed in your country. In some regions (like the EU or US), regulations are stricter, and Pocket Option may offer limited services.
Deposit and Withdrawal Options
You can fund your account via:
· Credit/debit cards
· Cryptocurrency (Bitcoin, USDT, etc.)
· E-wallets (Skrill, Neteller, etc.)
Withdrawals are usually processed within 24–48 hours, but can take longer depending on the method. You may need to verify your identity before withdrawing.
Common Beginner Mistakes to Avoid
· Trading without a plan
· Ignoring the news and market events
· Investing too much money too quickly
· Misunderstanding binary options as a get-rich-quick method
· Using real money without trying demo first
Learning how Pocket Option works takes time, practice, and patience. But with discipline, it’s possible to become a profitable trader over time.
Final Thoughts: Is Pocket Option Good for Beginners?
Yes, Pocket Option is a suitable platform for beginners because of its:
· Easy-to-use interface
· Low minimum deposit ($5)
· Free demo account
· Copy trading options
· Variety of assets
However, you should remember that binary options trading is inherently risky. Don’t expect to get rich overnight. Use the tools provided, learn from demo practice, stick to a solid strategy, and only trade with money you can afford to lose.
If you’re serious about learning trading and managing risk, Pocket Option can be a great starting point.
💥 Trade with Pocket Option now: Open An Account 👈
Read more:
