Copy Trading With Pocket Option: How to Make Money

Pocket Option is one of the most advanced and popular trading platforms today. This platform offers a wide range of features, making it appealing to both novice traders and experienced investors. One of the most notable features is the ability to automatically copy trades from successful traders, streamlining the trading process and generating income.

How Does Copy Trading Work on Pocket Option?

Pocket Option, like other binary brokers, is an excellent tool for investing in financial markets without sufficient knowledge or time for independent trading. This service allows users to automatically replicate trades of experienced traders who provide their trading signals or execute operations on the platform. Investors select a trader, set copying parameters such as investment size, stop-loss, and take-profit levels, and the system replicates all chosen trader’s trades on their account.

The main advantage of this service lies in its ability to trade without deep financial market knowledge. It serves as an excellent solution for both beginners and busy individuals interested in investing. It’s important to note that copy trading involves risks, and outcomes can vary significantly based on the selected trader’s success. Therefore, careful trader selection, setting copying parameters, and active risk management during trading are crucial.

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How to Copy Trades on pocketoption.com: Instructions

To start using the copy trading feature on pocketoption.com, users should begin with the ‘Social Trading’ section.

This section allows tracking other traders’ activities, reviewing their ratings, and optionally copying their trades automatically.

Here’s how to proceed:

• Fund your account with your desired amount. If you’re not yet registered on Pocket Option, create an account and log in.

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• Choose a trader to copy based on their profitability statistics, trade history, and strategy.
• Configure copying parameters including investment size, stop-loss, take-profit levels, and the amount you plan to invest.
• Activate the copy trading feature: after configuring parameters, activate copy trading. You can pause this process anytime if needed.
• Monitor results: regularly track the results and the process of copy trading on your account. You can adjust copying settings as necessary.

The option to copy successful traders involves proportional investment. For instance, setting a parameter at 30% means if a trader opens a $100 trade, your order will be for $30. It’s worth noting the minimum amount for copying is $1. Currently, there’s no option to copy cryptocurrency trades on Pocket Option, though it may be introduced in the future.

How to Choose a Trader?

Before starting to copy trades, carefully select a suitable trader whose operations you intend to replicate. You can review the full trader ranking on the platform for this purpose. To access the full ranking, navigate to the traders’ section and click ‘Show Full Ranking.’

Next to each trader’s name in the ranking, you’ll find brief information on the number of trades and cumulative profit. Clicking on a trader’s name provides a detailed profile with extensive trading statistics.

How to Earn Money With Copy Trading?

One of the most effective ways to utilize copy trading is to find an experienced trader and propose mutually beneficial cooperation. This straightforward approach benefits both parties: traders permit you to copy their trades, while you offer them a percentage of your net profit earned through their knowledge and experience.

The trader efficiently manages time, increasing their income without additional time commitments, while you earn successfully without spending time on trading. The advantages are clear:

✅ The trader operates on a proven trading system.

✅ The trader has a long-term positive earnings experience.

✅ No need to worry about and monitor every trade.

✅ Fewer operations mean lower chances of errors.

✅ The trader is motivated to earn and treats their work responsibly.

It’s important to note that regardless of a trader’s impressive statistics, they aren’t completely immune to errors and failures. Therefore, even after selecting a trader, continuously monitor your portfolio’s status and changes in the trader’s statistics. Regular monitoring and analysis enable informed decisions, increasing the likelihood of profitable outcomes.

It’s crucial to consider that despite the high statistics of a trader, it’s impossible to completely avoid errors. Thus, after making a decision, consistently monitor your portfolio’s status and changes in the trader’s operations. Regularly analyzing and monitoring data allows for informed and reasoned decisions, increasing the likelihood of achieving profitability.

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