Pocket Option trading platforms are quite diverse. As the world of technology advances, more and more people are using this platform. Even though currently there are many types of investment that occur by trading.
The use of Pocket Option is increasingly popular, even though it is not yet official in Indonesia, this platform has become the choice of many people. In several countries, it is already popular. Then what about using Quotex? To make it clearer, see the full review below.
Pocket Option Trading Platforms and Traded Assets
Online trading is increasing considering the increasing advances in the world of technology. One of the popular binary options platforms is Pocket Option. Pocket Option is a binary options trading platform. This means it allows users to speculate on the future price movements of various assets within a set timeframe, typically short-term.
Binary options involve predicting whether the price of an asset will go “Up” or “Down” within a specific time frame. If your prediction is correct, you earn a profit; if not, you lose your entire investment.
Binary options trading is highly speculative and carries a significant risk of losing your entire investment. Trading may be restricted or even banned in certain countries. Make sure it’s legal in your region.
Before trading, understand binary options, the risks involved, and the specific assets you plan to trade. Consider other, potentially less risky investment options before venturing into binary options.
Platforms Used
Pocket Option offers two main trading platforms to meet different trader needs:
- Web platforms. The Pocket Option website is easy to access and use, and suitable for beginner traders. The platform provides an intuitive interface, real-time charts, and various indicators to aid market analysis.
- Pocket Option mobile application. Mobile Pocket Option allows traders to monitor the market and trade anywhere and anytime. The app offers similar functionality to the web platform, with a design optimized for mobile devices.
Pocket Option Trading Product Range
Because the Pocket Option platforms can be done via the web or application, there are many assets to trade. The following are some of the assets or products offered by Pocket Option, including:
Currency Market
The exchange market, or forex, is one of the largest financial markets in the world with daily trading volumes reaching trillions of dollars. At Pocket Option, the exchange market is one of the assets most traded by traders.
The exchange market has high liquidity, meaning traders can easily buy and sell currencies without difficulty. It is known for its high volatility, meaning currency values can fluctuate significantly in a short period. The exchange market is open 24 hours a day, 5 days a week, allowing traders to trade whenever they want.
The exchange market is a high-risk trading instrument. It is important to understand the risks before trading and only trade money you are willing to lose. There are approximately 27 major currency pairs, such as EUR/USD, USD/JPY, and GBP/USD.
Stock Index
The second asset choice in Pocket Option trading platforms is the stock index. Stock indices represent the price movements of a group of stocks selected from a particular sector or industry. At Pocket Option, you can trade some of the world’s major stock indices, such as:
- Index-15: This index consists of 15 leading shares on the Indonesia Stock Exchange (BEI).
- FTSE 100: This index consists of the 100 largest companies in the UK by market capitalization.
- Dow Jones: This index consists of 30 large companies in the United States.
Commodity
Commodities such as gold, silver, petroleum and natural gas are some of Pocket Option preferred assets. Commodity trading offers several advantages. Pocket Option offers a wide selection of commodities to trade. These include:
- Gold is a traditionally popular commodity for hedging against inflation and economic uncertainty.
- Silver has similar properties to gold, and is often used as a hedging asset and in the manufacturing industry.
- Crude oil is an important energy source and raw material for various industrial products.
- Natural gas is used as an energy source and raw material for various chemical products.
Crypto
Cryptocurrency is one of the assets on the Pocket Option platforms. On the Pocket Option platform, you can predict the price movements of various popular cryptocurrencies. The choice of several cryptocurrencies as Pocket Option assets includes:
- Bitcoin (BTC), is the world’s first and most popular cryptocurrency.
- Ethereum (ETH), is a blockchain platform that supports various decentralized applications (dApps).
- Litecoin (LTC), is a cryptocurrency known for its faster transactions and lower fees than Bitcoin.
- Ripple (XRP), a cryptocurrency designed to facilitate international money transfers with low fees and many others.
Understanding the Pocket Option trading platforms and tradable assets makes it easier for you to trade.
