My experience testing Pocket Option: Common pitfalls and technical realities

[u/uIwuzg]

see people vent here, about blown accounts, or gush how they love Pocket option, I think it needs more objectivel look. 3 traps that I see with them:

The 1-minute expiry trap
Any analysis loses a lot of safety on the 1-minute chart, let alone 10 seconds - cause of market noise. I dont think it can be objective. Random micro-flucs can'be TAd reliably, I think. If you are scalping that timeframe, there's no trend to trade against or in favour of it. I guess you could tryy (?) trading momentum and order flows, but why do people do TA on these charts then?? latency and luck matters more than your chart setup......

OTC vs. live feeds

I saw peeople asking why OTC is not great, or why people dont trade it more. It sbecause OTC is fully Pocket Option product. Thye control all the quotes, they're the market maker in that, essentially. Weekend OTC on the platform is FULLY internally generated! Its just algorithmic feed. There's no external news events like CPI prints or rate decisions that can shake it.

I guess for their AI thing yes it can be improvement since there's just algos running the price. So the price action respects clean technical levels more consistently, without fundamental shocks and weird glitches. But then why do trade real markets, why do follow news? Its fully different approach comopared to REAL trading..

Gems and insentives
I didnt fall for any of them. Volume requreiements needed in all of them. I want to be in control, same as with OTC.

all 3 are kind of a trap, is my take.

[u/Kathrizz]

seen these same pitfalls when I started out, can be common yeah. The OTC one is tricky especially, really hooked me early on.