Pocket Option Trading Signals - TU Expert review
Pocket Option offers Copy trading signals. Forex investors can copy signals of traders from MQL5.Community.
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of Pocket Option trading signals. You will learn what kinds of trading signals Pocket Option offers and what the conditions for using them are.
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Is there a cost for the trading signals service?
Yes, Pocket Option trading signals require a paid monthly subscription plan based on features chosen by the user.
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How often are trading signals generated?
New signals are generated in real-time throughout the day across multiple markets as opportunities arise.
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Are trading signals suitable for beginners?
Yes, signals can be followed by beginners for diversification. But education on responsible trading principles is still recommended.
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How many assets are covered by a single trading signal?
Each signal provides a trade recommendation on a single specified asset rather than a basket or group of assets.
Short introduction of Pocket Option
Pocket Option is an innovative Forex and binary options broker with over $500 million in trading volume. It offers active trading on financial markets, copy trading, and passive income on holding funds in dollar and cryptocurrency safes. The broker provides an in-house platform to trade binary options and MetaTrader platforms to trade CFDs on currencies, cryptocurrencies, stocks, indices, and commodities. Pocket Option was incorporated in 2017. The broker’s service is available in more than 95 countries and regions globally. Today, over 10 million users are registered with the broker, and 100,000 traders regularly use its services. In July 2023, it obtained a license from Mwali International Services Authority number T2023322.
| 💰 Account currency: | USD |
| 🚀 Minimum deposit: | $5 |
| ⚖️ Leverage: | 1:1000 for MT4/MT5; 1:1 for options on the in-house platform. |
| 💱 Spread: | 1.2 pips for MT4/5 |
| 🔧 Instruments: | Binary options and CFDs on currency pairs, cryptos, indices, stocks, and commodities |
| 💹 Margin Call / Stop Out: | 30%/50% |
Pocket Option Pros and Cons
👍 Advantages of trading with Pocket Option:
•MetaTrader provides for trading binary options and CFDs;
•A demo mode is available for all account types;
•To register, you may use your Google email or Facebook/Google account;
•Active, social, and algorithmic trading is available on MT4 and MT5 accounts;
•Spreads are from 1.2 pips for Forex and no fees per lot;
•Referral program for retail clients with rewards of up to 50%-80% of the referee’s income;
•“My Safe” service that provides for crediting 10% per annum on the account balance not involved in trading;
•Cash back and promo codes for binary option traders;
•50% deposit bonus.
👎 Disadvantages of Pocket Option:
•The broker offers neither cent accounts for novice traders to test strategies and advisors, nor ECN accounts with near zero spreads for professional traders;
•Real-time communication with operators is available upon funding the account.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
Pocket Option Trading Signals
Copy trading signals
Each trading platform offered by the broker has built-in tools for social trading, but they are implemented in different ways. MetaTrader platforms support algorithmic trading that provides for making income without independent trading.
Available options are:
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Pocket Option social trading platform. Over 100 providers broadcast their binary options trades that are available for copying;
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Trading signals for options. These can be copied on the Pocket Option platform and in Telegram;
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Signals of the MQL community. These signals are copied on MT4 and MT5 automatically after traders choose providers and pay monthly subscription fees.
Pocket Option - How to choose a trader to copy trades | Firsthand experience of Oleg Tkachenko by TU
Expert Opinion
I believe trading signals can be a useful tool, but investors should enter the world of social trading with open and careful consideration. PocketOption offers several solid options for tapping into the insights of successful traders. However, it's important to remember that no trading strategy or signal provider is infallible. Markets are dynamic and unpredictable, so past performance is not a guarantee of future success.
When following signals, perform due diligence on providers. Look at their long-term track records, trading style, and the types of assets and strategies they focus on. Consider if their approach seems rational and well-thought-out. Also monitor their latest performance, as capabilities can change over time with shifting markets. Diversify your signal sources rather than relying on any single provider.
New traders should start with a demo account to get familiar with the platform and signal copying process without risking capital. Look for educational content from PocketOption as well, such as videos or articles explaining how different traders approach the markets. Developing your own basic analysis skills alongside signals will help you identify high-quality providers and catch any issues yourself over time.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.