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Pocket Option Demo Account Full Review

Pocket Option Demo Account Full Review

Introduction

Welcome to the Pocket Option demo account review, where we will look at its main features and benefits. A demo account, if used correctly, allows traders to familiarize themselves with the platform and test different strategies without the risk of losing real money. Read more about Pocket Option demo in our article.

What is Pocket Option?

Pocket Option is a binary options broker platform that allows traders to bet on whether the price of an asset will go up or down in a certain period of time (Pocket Option review). It offers traders flexibility in choosing their trading strategies thanks to the wide range of assets available, including currency pairs, stocks, commodities, and cryptocurrencies. Traders can choose assets based on their understanding and analysis of the market. There are plenty of options for beginner and professional traders. This includes the Pocket Option demo, which will be discussed next.

Pocket Option Demo Account

A Pocket Option demo account, especially when used correctly, is an invaluable tool, especially for those who are new to binary options trading. When you sign up for a demo account, you will receive virtual money that you can use to trade in real market conditions. This is an ideal way to familiarize yourself with the platform’s functionality and learn how to use its tools. It is also a great opportunity to test different trading strategies without the risk of losing real money.

Pocket Option Demo Features

Pocket Option Demo Features

With a Pocket Option demo account, you get full access to all the features and tools available on a live account. These include various chart types such as candlestick, line and bar charts, as well as a wide range of technical indicators. You can also set your preferred time intervals, from one minute to one day, for a more detailed analysis of price movements.

A demo account is an excellent learning tool, especially for beginner traders. It allows you to familiarize yourself with the functionality of the platform and understand the basics of binary options trading. The demo account is funded with virtual money that can be used for trading. This allows traders to gain practical trading experience without the risk of losing real money. Once a trader has mastered the demo account and feels confident, he or she can easily switch to a real account and start trading with real money.

Pocket Option Demo Account

Pocket Option Indicators

Various technical indicators are available on the Pocket Option platform, here are some of them:

  • Moving Averages, MA – displays the average price of an asset over a certain period of time, which helps to identify the overall trend. Can be useful for identifying when a trend is possibly starting or ending.
  • Relative Strength Index, RSI – measures the speed and change in price movements. Often used to identify overbought or oversold conditions, which can signal a possible trend reversal.
  • MACD (Moving Average Convergence Divergence) – used to identify buy or sell signals by monitoring the convergence and divergence between two moving averages. It can determine the moments of entry and exit from the deal.
  • Bollinger Bands (BB) – consists of two lines separated by the standard deviation from the moving average. It can identify oversold and overbought levels and provide signals about possible trend reversal.
  • Stochastic Oscillator – also helps to identify overbought or oversold conditions.

Conclusions

Overall, Pocket Option demo is a powerful tool for practicing and improving trading skills. It offers access to all the basic features and tools of a real account, allowing you to get real trading experience without any financial risk. It is a great tool for beginners to help make their first steps in trading successful.

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