How to Register and Trade Forex on Pocket Option
Pocket Option is a versatile platform that offers an accessible gateway into the world of forex trading. Whether you're a beginner or an experienced trader, this guide provides a clear pathway to registering an account and starting your forex trading journey on Pocket Option.
How to Register an Account on Pocket Option
Start Pocket Option Trading in 1 Click
Registration on the platform is a simple process that only takes a few clicks. In order to open the trading interface in 1 click, click on the “Start in one click” button.This will take you to the demo trading page. Click "Demo Account" to start trading with $10,000 in Demo Account.
In order to continue using the account, save trading results and can trade on a real account. Click "Registration" to create a Pocket Option account.
There are three available options: signing up with your email address or Google account as below. All you need to do is choose a suitable method and create a password.
How to Register a Pocket Option Account with Email
1. You can sign up for an account on the platform by clicking the “Registration” button in the upper right corner.2. To sign up you need to fill in the necessary information and click "SIGN UP"
- Enter a valid email address.
- Create a strong password.
- Read and accept the agreement.
Pocket Option will send a confirmation mail to your email address. Click the link in that mail to activate your account. So, you will finish registering and activating your account.
Congratulation! You have registered successfully and your email is verified.
If you want to use a Demo Account, click "Trading" and "Quick Trading Demo Account".
Now you are able to start trading. You have $1,000 in your Demo Account.
You can also trade on a Real account, click "Trading" and "Quick Trading Real Account".
To start Live trading you have to make an investment in your account (Minimum investment amount is $5).
How to make a Deposit on Pocket Option
How to Register a Pocket Option Account using Google
1. To sign up with a Google account, click on the corresponding button in the registration form.2. In the newly opened window enter your phone number or email and click "Next".
3. Then enter the password for your Google account and click “Next”.
After that, you will be taken to your personal Pocket Option account.
Register an Account on the Pocket Option App for iOS
Registration on the iOS mobile platform is also available for you. Click "Registration".- Enter a valid email address.
- Create a strong password.
- Check the agreement and click "SIGN UP".
Congratulation! you have registered successfully, click "Cancel" If you want to trade with a Demo Account first.
Choose "Demo account" to start trading with $1000 in balance.
If you want to trade with a Real account, click "Deposit" in the Live account.
Register an Account on the Pocket Option App for Android
If you have an Android mobile device you need to download the Pocket Option app from Google Play or here. Simply search for “Pocket Option” and install it on your device.The mobile version of the trading platform is exactly the same as its web version. Consequently, there won’t be any problems with trading and transferring funds. Moreover, Pocket Option trading app for Android is considered to be the best app for online trading. Thus, it has a high rating in the store.
Click "Registration" to create a new Pocket Option account.
- Enter a valid email address.
- Create a strong password.
- Check the agreement and click "REGISTRATION".
Congratulation! you have registered successfully, click "Deposit" to trade with the Real account.
Choose a suitable deposit method for you.
Click "Cancel" for trading with Demo Account.
Click Demo account.
You have $1,000 in your Demo Account.
Register an Account on Pocket Option using Mobile Web
If you want to trade on the mobile web version of Pocket Option trading platform, you can easily do it. Initially, open up your browser on your mobile device. After that, visit the website of the broker.Click "Menu" in the upper left corner.
Click the "REGISTRATION" button.
At this step we still enter the data: email, password, accept the "Agreement" and click "SIGN UP".
Here you are! Now you will be able to trade from the mobile web version of the platform. The mobile web version of the trading platform is exactly the same as a regular web version of it. Consequently, there won’t be any problems with trading and transferring funds.
You have $1,000 in your Demo Account.
Frequently Asked Questions (FAQ)
Differences between Digital and Quick Trading
Digital Trading is the conventional type of trade order. Trader indicates one of the fixed timeframes for "time until purchase" (M1, M5, M30, H1, etc.) and places a trade within this timeframe. There is a half-minute "corridor" on the chart consisting of two vertical lines — "time until purchase" (depending on the specified timeframe) and "time until expiration" ("time until purchase" + 30 seconds).Thus, digital trading is always conducted with a fixed order closing time, which is exactly at the beginning of each minute.
Quick trading, on the other hand, makes it possible to set exact expiration time and allows you to utilize short timeframes, starting from 30 seconds before expiration.
When placing a trade order in quick trading mode, you will see only one vertical line on the chart — "expiration time" of the trade order, which directly depends on the specified timeframe in the trading panel. In other words, it is a simpler and faster trading mode.
Switching between Digital and Quick Trading
You can always switch between these types of trading by clicking on the "Trading" button on the left control panel, or by clicking on the flag or clock symbol underneath the timeframe menu on the trading panel.Switching between Digital and Quick Trading by clicking on the "Trading" button
Switching between Digital and Quick Trading by clicking on the flag
How to switch from a Demo to a Real account
To switch between your accounts, follow these steps:1. Click on your Demo account in the top of the platform.
2. Click “Live Account”.
After making a deposit successfully, you can trade with the Real account.
How to make a Deposit at Pocket Option
How to Trade Forex on Pocket Option
Pocket Option Forex
The new CFD / Forex Trading feature Pocket Option has added to their trading platform recently!Now can trade Forex and CFDs inside the Pocket Option trading platform using the Meta Trader 5 Software as web version!
Meta-trader 5 and the previous version, Meta-trader 4 is the most popular trading software for Forex and CFD Broker, now, Pocket Option also provides free Meta-trader 5 access if you open a free demo account with their platform!
Start Trading Forex and CFD with pocket Option, click here to get your free account!
As you see is it possible to use the Metatrader 5 Software online using the Pocket Option Trading interface, alternatively you can download the Meta trader 5 Software here and add the Pocket Option server, username and password to your desktop version!
All verified users with a deposit amount of $1,000 or more will receive automatic access to the live-trading at the terminal. The integrated MT5 terminal is available within Pocket Option trading interface (MT5 button in the left toolbar). Standalone applications for Windows, MacOS, Linux, as well as mobile apps for Android and iPhone can be found in the "Platforms" section on the right toolbar.
Diversify your trading and grab your extra income with Pocket Option!
Pocket Option Metatrader Binary Options
The platform currently allows to operate only with the classic Forex and CFD. There is currently no extension for the binaries, but it is not excluded that we will find it soon.At the moment the Metatrader inside Pocket Option allows the classic Forex and CFD trading directly from the web version, without downloading or installing programs.
As an alternative you can also download the MT5 desktop version software and by entering the Pocket Option server name, Password and Username.
To access Metatrader just click on the balance:
A window opens with 3 options:
The first one selects the type of account, the normal one, Live or Demo. The second to open MetaTrader 5 with real account, the third MetaTrader demo.
By clicking on the MetaTrader Live a warning pop-up appears:
So let’s click on MT5 Demo and a login window will appear:
The username is already present. The password is at the top.
By clicking on the eye the password appears, but simply click on “Copy to clipboard”, and paste it in the box. The Metatrader 5 is ready for use.
Forex vs. Binary Options
Forex and CFD are a little bit different to binary options. While binary options are always connected to an expiration time, a Forex or CFD Trade is not timely limited. Instead you choose 2 Price levels, if one of them is reached, the trade is closed and your win or loss will be added to your balance!
Stop loss Take Profit in Forex Trading
The first level, and most important, is the Stop Loss. The Stop Loss defines your maximal loss if the price moves against you (How much you will lose in this case is directly related to your position size and your accounts leverage!).If you do not place a stop loss, and the price moves against you, it may happen that you lose your entire account balance in a single trade.
The Take Profit is the Price level where you exit the trade to realize your profit! When the rpice moves in your favor, the position will be closed automatically and the profit will be added to your balance!
Potential Profits Losses in Forex Trading
Another big difference is the potential profit and loss. With binary options, you now from the beginning what you can lose and what you can win, the the loss and potential gain are defined by the broker! Forex works differently and a way more complex.Here your potential profit and loss is defined by several factors: Your position size, your Leverage and your Take Profit and Stop loss level! There is also a fee for your trade or spread, a difference between the buying price and the selling price, this depends on your broker and the asset you trade. This is the way a Forex Broker makes money with its service!
So Forex Trading and CFD Trading is a way more risky compared to binary options trading, as you can lose more than you have invested if you are not doing it correctly!
More Differences
The big advantage is the fact, that you do not need to mind about expiration time! When the price moves in your direction, but too late, you may lose a binary option, while you still win the Forex Trade!
Another advantage is, that you define the Risk Reward ratio in your trading strategy yourself. There are many Fx strategies still making profit if you just win every 3. or 5. trade. As the win is several times higher as the potential loss!
Binary Options Strategies for Forex
Can you use your binary option strategy to trade forex? In fact, yes in many cases. The main problem is that a binary options strategy does not offer a way to determine the Profit and Stop levels. Here are a few ways to do this yourself:
- Fibonacci – You can add a Fibonacci Retracement and to determine your profit level and stop loss level as well! Watch this video to see how to draw the Fibonacci retracement correctly!
- Support and Resistance Lines – Connect the highest HIGHs and the Lowest LOWs with each other with a horizontal line. The price often changes its direction on these lines. They can also be used to determine the Stop Loss and Take Profit! Trend lines and the Moving Average can be used the same way!
- Fixed Stop loss and Take Profit – Another option is to define the stop loss and Take Profit on your own. This can work really well if you choose the correct ratio between them!
- Indicator Based – You can use indicators and exit the trade manually when a specific condition is met. Only use this for your Take Profit, never for your stop loss, as you need to exit the trade yourself. (Or build yourself an EA using the EA Builder Software)
Keep in mind, the ratio between Stop Loss and Take Profit are the most important aspect. They also define the average time a trade takes! Start inside a demo account and try it yourself to see how it is working!
Conclusion: Unlock Forex Trading Opportunities with Pocket Option
Pocket Option provides a seamless platform for traders to access the forex market with ease. By following this guide, you’ll be equipped to register an account and start trading forex confidently. With the right strategies and tools, Pocket Option can help you achieve your financial goals.
Register today and embark on your forex trading journey with Pocket Option!