How Does Binary Options Copy Trading Work? (Watch this detailed video to learn about Copy Trading…

How Does Binary Options Copy Trading Work?

(Watch this detailed video to learn about Copy Trading

If you were wondering how binary options copy trading works, our experts have created a short, step-by-step strategy to show you how binary options copy trading works in Pocket Options. Here it is:

1. Go to the Pocket Option website
For this step, all you have to do is to visit the Pocket Option website and click on the “Start in one click” or on the “Free demo” button if you want to try its demo version

2.Try the demo version
After you click on one of those two options, you go to the Pocket Option demo version, and you see a welcome message. On that page, there are three buttons. If you click on the “Continue Demo Trading” button, the welcome message banner disappears, and you will continue using the demo version. The second button, which is “How To Make Real Money With Us?”, makes a short presentation that consists of a few slides with short tips on how to use Pocket Option to appear. On those slides, you have buttons that take you to a registration form for creating a Pocket Option live account. You can either create a live account, or you can continue using the demo version. The “Video Tutorial” button should take you to a video tutorial on how to use this platform, but you first have to be registered to watch it.

If you choose to try the demo version, you have 10 000 virtual dollars to use for acquiring more experience with this platform, and see if you like it.

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3. Create a live account
If you want to use the social trading feature, you must have a live account. To create one, simply go back to the Pocket Option homepage, and register with your email address on the registration form from the right side of the page.

After you do that, you have to verify your account by answering a few questions and providing some information that is required. After your account is verified, you can choose one of the many options to make a deposit on your account balance. The minimum deposit you have to make to start trading is just $5.

4. Try the social trading feature
To try social trading, click on the “Social Trading” on the menu from the right side of the page.

5. Choose a trader whose trades you want to copy
After you click on the “Social Trading” option, you can see a list of traders who have great trading results whose trades you can copy.

If you use a live trading account, you can select the top traders who had the best results in the last 24 hours. Or you can view a list of the traders that placed the most profitable binary options trades on the platform at that moment.

6. Copy a trader
If you find a trader whose trades you want to copy, you click on their profile, and you can see more trading statistics about that trader, such as their level, profile level, how many deals they have made during that day, the previous day, or all time, and other useful statistics for those time frames for that trader. If you like that trader’s results, you click on the “Copy trades” button. However, there are some cases when traders have turned off the option for other traders to copy their trades.

After selecting the “Copy trades” option, you have to select the copy trading settings for copying the trades.

The settings you can select for Pocket Option copy trading are:

Copy in proportion: What proportion of the original trade you are copying. If you set it at 10%, and the trader opens a position of $100, you will make a trade of $10

Min copy trade amount: What is the smallest amount of money that will be spent for copying a trade. However, you have to know that the minimum trade amount on this platform is $1

Stop balance: What is the minimum amount of money you must have in your balance to copy the trades

Max copy trade amount: What is the maximum amount of money that will be spent on a copied trade

After you select all the settings you want, click on the “Confirm” button. Now, all the trades placed by that trader will be automatically copied on your account based on the settings you selected. Also, if you decide you want to stop copying his trades, you can always stop copying them by opening the “List of copied traders” menu, choosing that trader, and clicking on the “Stop copying” button.


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