Economy
Pocket Option Signals: TU Reveals Their Potential For Beginners
Trading signals present an excellent opportunity for beginners to generate passive income while learning the ropes of trading. Novice traders can leverage these signals to earn profits with the guidance they provide. Brokers often offer multiple channels for receiving such signals. In this regard, Traders Union analysts have meticulously analyzed the trading signals offered by Pocket Option. Discover the types of trading signals available on Pocket Option and the conditions for their effective utilization.
What are trading signals?
Trading signals, offered by brokers, serve as entry points for trades and are derived from both fundamental and technical analysis.
Brokers may deliver signals through various means, including:
- Copy trading.
- Email alerts.
- Signals posted on the broker’s website blog.
- Recommendations from a personal manager, and more.
When selecting signals, it’s crucial to consider factors such as their profitability, the range of trading instruments they cover, and the conditions of their provision, such as fees and markups.
Trading signals
Pocket Option signale offers valuable insights and entry points for traders to make informed decisions and achieve profitable trades. TU experts conducted an in-depth analysis of Pocket Option’s trading conditions, highlighting the following key points:
For the binary options account, the conventional fee structure is replaced by a reward system for correct forecasts, with potential rewards going up to 92%. However, in the event of an incorrect forecast, traders may face a 100% loss. Additionally, while the broker does not impose a deposit/withdrawal fee, there might be charges from the payment systems.
On the MT5 account designed for Forex trading, traders can benefit from floating spreads and the availability of single and triple swap options. It is noteworthy that Pocket Option does not charge a commission per lot for this account. Similar to the binary options account, deposit/withdrawal fees are not imposed directly by the broker, but payment systems may apply their own charges.
What is Pocket Option?
In 2017, Pocket Option was established, boasting a team of professional traders, IT specialists, and FinTech experts. This broker grants clients access to a diverse range of trading assets, including currency pairs, commodities, stocks, cryptocurrencies, and indices, exceeding 100 global options. To facilitate trading operations, Pocket Option has developed its own distinctive trading platform, alongside the option for clients to trade in MT5. Traders Union experts, along with analyzing Pocket Option, also explore the best Halal investment options available, ensuring that traders have access to ethical and compliant investment opportunities.
Pros and Cons
Pocket Option offers a range of attractive features and advantages for traders seeking a user-friendly and diverse trading platform. From low initial deposits to educational resources and social trading opportunities, the platform caters to both beginners and experienced traders. However, like any service, it also comes with a few drawbacks. In this overview, experts at TU will explore the advantages and disadvantages of trading with Pocket Option.
Pros:
- Start with ease: With a low initial deposit starting at just $50, Pocket Option makes it accessible for traders to begin their journey in the financial markets.
- Swift verification process: Pocket Option ensures a hassle-free experience with fast verification of the Personal Account and phone number.
- Learning resources: Aspiring traders can benefit from educational materials, video guides, and a demo account to hone their skills and strategies.
Cons:
- Minimum withdrawal threshold: Traders should be aware that the minimum withdrawal amount starts at $10.
- Limited licensing: The only license issued to Pocket Option is by the International Financial Market Relations Regulation Center, which may raise concerns for some traders.
- Restricted support chat: Live communication with the Support Service through chat becomes available only after making a deposit, which may not be ideal for traders seeking pre-deposit assistance.
Conclusion
Trading signals offered by brokers, such as Pocket Option, present a valuable opportunity for novice traders to generate passive income while gaining valuable experience in the world of trading. With analysts at Traders Union meticulously analyzing Pocket Option’s trading signals, traders can explore the types of signals available and the conditions for their effective utilization.
By Adedapo Adesanya
Nigeria ranked as Africa’s leading destination for upstream oil and gas investment in 2024, new research from market intelligence firm, Wood Mackenzie, has shown, accounting for three out of four Final Investment Decisions (FIDs) announced by global oil and gas majors, totaling $13.5 billion.
The FIDs announced within the Nigerian market included Shell’s $122 million investment in the Iseni Gas Project, TotalEnergies’ $566 million commitment to the Ubeta Gas Project and Shell’s approval of the Bonga North Tranche 1 project valued at around $5 billion.
According to the Special Adviser to President Bola Tinubu on Energy, Ms Olu Verheijen, these investments reflected Nigeria’s ongoing efforts to unlock its hydrocarbon potential through investor-friendly policies and strategic global partnerships.
Last year, Nigeria introduced several initiatives to create a conducive environment for oil and gas investors, including new tax incentives aimed at attracting up to $10 billion in natural gas investments.
Nigeria, which is Africa’s largest oil producer, also offered tax relief for gas investors, reducing corporate income tax and extending capital allowance benefits – for deepwater gas projects.
Other policies include the Presidential Directive on Local Content Compliance Requirements 2024 to address the reduction in oil and gas investments caused by high operating costs compared to global markets.
Also, the Presidential Directive on Reduction of Petroleum Sector Contracting Costs and Timelines 2024 reduces the time spent to award contracts for oil and gas projects.
In addition to the directives, Nigeria also launched its 2024 oil and gas licensing round, offering 19 blocks for exploration, demonstrating its commitment to continued collaboration with local, regional and international partners.
Market analysts note that with this momentum, further FIDs are anticipated, including TotalEnergies’ expected $750 million commitment to the Ima Shallow Gas Project in 2025.
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange recorded a 0.22 per cent decline on Monday, January 20, with the market capitalisation shedding N2.35 billion to close at N1.073 trillion compared with the preceding session’s N1.075 trillion and the NASD Unlisted Security Index (NSI) going down by 6.79 points to wrap the session at 3,105.12 points compared with 3,111.91 points recorded in the previous session.
It was observed that the loss recorded on the first trading day of the week was triggered by UBN Property Plc, which crashed by 20 Kobo to trade at N2.00 per share versus last Friday’s N2.20 per share.
However, the share price of Industrial and General Insurance (IGI) Plc went up by 4 Kobo to 40 Kobo per unit from 36 Kobo per unit, it could not stop the bourse from going down at the close of transactions.
The activity chart showed that on Monday, the volume of securities traded by investors increased by 57.9 per cent to 767,610 units from the 486,215 units traded in the preceding session, while the value of shares traded yesterday slumped by 17.7 per cent to N2.3 million from the N2.8 million recorded in the preceding trading day, as the number of deals declined by 14.3 per cent to 12 deals from the 14 deals carried out in the previous trading day.
At the close of transactions, FrieslandCampina Wamco Nigeria Plc remained the most active stock by value on a year-to-date basis with the sale of 4.1 million units worth N162.9 million, followed by Geo-Fluids Plc with a turnover of 9.1 million units valued at N44.0 million, and 11 Plc with the sale of 55,358 for N14.5 million.
Also, Industrial and General Insurance (IGI) Plc closed the day as the most active stock by volume on a year-to-date basis with 25.3 million units sold for N5.9 million, Geo-Fluids Plc came next with 9.1 million units valued at N44.0 million, and FrieslandCampina Wamco Nigeria Plc with 4.1 million units worth N162.9 million.
By Adedapo Adesanya
The value of the Naira weakened against the US Dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Monday, January 20 amid FX pressures associated with this period.
Most people who came into the country for Christmas and New Year holidays are already going back and are in need of forex, putting pressure on the local currency.
Also, the poor performance of the domestic currency could be attributed to end to the 42-day access granted by the Central Bank of Nigeria (CBN) to Bureaux de Change (BDC) operators to buy forex at official price.
According to data from the FMDQ Securities Exchange, the Nigerian Naira lost 0.16 per cent or N2.47 on the greeback yesterday to sell at N1,550.05/$1, in contrast to last Friday’s rate of N1,547.58/$1.
Similarly, the Naira slumped against the Pound Sterling in the spot market on Monday by N23.39 to trade at N1,906.98/£1 versus N1,883.59/£1 and depreciated against the Euro by N23.14 to sell for N1,613.48/€1 compared with last Friday’s N1,590.34/€1.
However, in the parallel market, the Nigerian currency improved its value against the Dollar during the session by N5 to quote at N1,665/$1 compared with the previous session’s N1,670/$1.
As for the cryptocurrency market, it turned red yesterday as the US President, Mr Donald Trump, didn’t bring up the much-expected subject of crypto in his inauguration speech on Monday afternoon.
Mr Trump had promised a far more friendly crypto policy stance than the previous administration but in the long speech that announced his plans in the coming days, he didn’t make mention of Bitcoin or crypto.
Just over the weekend, the President ignited a speculative frenzy with the Friday evening launch of the Trump meme coin, which was shortly followed by a meme coin associated with his wife, Melania.
Dogecoin (DOGE) crumbled yesterday by 6.3 per cent to $0.3419, Solana (SOL) slumped by 4.7 per cent to $235.32, Cardano (ADA) fell by 3.6 per cent to $0.9777, and Litecoin (LTC) moderated by 1.9 per cent to $114.98.
Further, Ethereum (ETH) went down by 1.7 per cent to $3,241.36, Binance Coin (BNB) retreated by 1.4 per cent to $693.30, Ripple (XRP) depreciated by 1.2 per cent to $3.06, and Bitcoin (BTC) tumbled by 0.8 per cent to $101,746.99, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) remained unchanged at $1.00 each.
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