What is Pocket Option & How it works?

Pocket Option is a binary options broker that offers a variety of instruments such as stocks, commodities, currencies, commodities, forex & more. This company was founded in the year 2017 with its operation in over 95 countries including Europe, the United States, & other Asian countries. This platform has gained the most popularity for its simplicity and user-friendly interface.

In case you don’t know

Binary Options are one of the types of trading here, the traders analyse the market and predict the outcome. If according to their analysis, the market is bullish they place a buy trade and vice versa sell trade under bearish circumstances for a fixed period of time. After the expiration of time, the broker verifies the prediction if the trade is correct the trader earns the invested amount plus the rate of return. The term Binary means two possible outcomes of trade either a fixed payout if the trade is successful or nothing in case of loss.

How does the Pocket Option work?

Understanding How does Pocket Option work is easy just follow these step

 1. Open Pocket Option Demo account

Firstly, Click this link and open a free Pocket Option Demo account. Once, you click the link You will see the Pocket Option homepage now, click on register button and next, enter your legit email address, password and once, you are done hit the registration button.

2. Access the trading platform

Once, you have signed up you will land on the Pocket Option trading dashboard from here, you select your desired currency, indicator & more.

3. Analyse the security

Lastly, analyse the security you want to trade on If according to your analysis, the security will go up you should consider placing a buy trade and vice versa, a sell trade In case of a bearish trend for a fixed period of time.

4. Deposit

Once you have sharpened your trading skill you can shift to the Pocket Option real account. You just need to make a deposit in order to activate the real account. You can start for as low as $5 and start your trading journey.

Summary

Pocket Option is a binary options broker that offers a variety of instruments such as Stocks, Commodities, Cryptocurrencies and more. The company came into existence in the year 2017. It currently operates in over 95 countries including India, United States and Europe. The company has gained huge success in popularity due to its simplicity and beginner-friendly interface. You can easily get started with the Pocket option just sign up for a demo account and trade virtually and improve your trading skills. Once you are confident enough shift to the Pocket Option real account.