Guide Using the Live Account in Pocket Option: Placing a Trading Order, Express Trade and Trades Monitor
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Pocket Option
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The live trading account is the main functionality of trading and purchasing option contracts on the platform. Due to the large number of trading instruments, as well as over-the-counter quotes (OTC), trading is conducted around the clock without days off and holidays.
Placing a trading order
The trading panel allows you to adjust settings such as the purchase time and the trade amount. That’s where you place a trade trying to predict whether the price will go up (the green button) or down (the red button)
Setting the purchase time
To choose the purchase time (time before purchase on the chart), click on M3 (as in the example) on the trading panel and select the time required for profitable trade execution:Please note that expiration time is the purchase time + 30 seconds. You can always see on the chart when your trade will close - it’s a vertical line “Time until expiration” with an appropriate timer.
Changing the trade amount
You can change the trade amount by clicking on “-” and “+” in the “Trade amount” section of the trading panel.Or else, you can click on the number and multiply the trade amount in the window that appears.
You can also type in the trade amount manually.
The minimum trade amount is $1 while the maximum trade amount varies depending on your profile level.
Strike price settings
Strike price allows you to place a trade at a price that is higher or lower than the current market price with the respective change in the payout percentage. This option can be enabled at the trading panel before making a trade:Risk and potential payout rate depend on how much the difference is between the market price and the strike price. This way, you not only predict the price movement, but also indicate the price level that should be reached.
To enable or disable the strike price, use the corresponding switch in the lower trading panel above the market price.
Attention: When strike price is enabled your trading orders will be placed above or below the current market place due to the nature of this feature. Please do not be confused with the regular trade orders which are always placed at the market prices.
Cancelling an open trade
To cancel a trade before expiration, go to the “Trades” section in the right panel of the trading interface. There you can see all trades that are currently in progress and you need to click on the “Close” button next to a specific trade:
Attention: the trade can be cancelled only within a first few seconds once the trade order has been placed.
Trade order results
Once the trade order you place is completed (time until expiration is reached) the forecast is marked accordingly as correct or incorrect.In the event of the correct forecast
You receive a trade profit - the overall payout containing the original trade amount invested as well as the trade profit which depends on the established parameters of the assets at the time of the order placement.
In the event of the incorrect forecast
The original trade amount invested at the time of the order placement remains withheld from the trading account balance.Placing an express trade
Express trading is a composite forecast based several events. By creating an express trade and making profit on a correct forecasts grants a payout of more than 100%! When you activate express trading mode, each click on the green or red buttons will add your forecast to the express trade. The payout of all forecasts within express trade are multiplied, thus making possible to get a much higher profit comparing to a separate use of a single forecast.To access the Express trading service, locate the “Express” button on the right side panel of the trading interface.
Choose the asset type by clicking on the appropriate tabs (1) and then make at least two forecasts on various assets (2) to activate the Express service.
Once you choose the desired assets, click on the “confirm” (3) button to activate the Express mode.Attention: You can not open trades on the cross-assets, i.e. if one of your forecast is for CHF/JPY you can not add another forecast containing either CHF or JPY symbols.
Viewing opened express order
To view the ongoing Express orders click on the “Express” button on the right side panel of the trading interface and select the “Opened” tab.Viewing closed express order
To view the ongoing Express orders click on the “Express” button on the right side panel of the trading interface and select the “Closed” tab.Trades monitoring
Active trading sessions can be viewed without leaving the trading interface and without switching to another page. In the right menu, find the “Trades” button and click to display a pop-up menu with information on transactions for the current session.Open trades display
To see the open trades, go to the “Trades” section in the right panel of the trading interface. There will be displayed all trades that are currently in progress.
Closed trades display
Closed trades for the trading session can be found in the “Trades” section (the right panel of the trading interface).
To view the history of live trades, click on the “More” button in this section and you will be redirected to your trading history.
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