How to Play and win Pocket Option Tournaments

Hello, how are you

 

Today, in this article, I am going to share one of the most interesting features introduced by Pocket Option i.e. Pocket Option tournament

 

You cannot know how good a player you are until you compete with other teams or players. In sports like FIFA or cricket, the sports fraternity organises sports tournaments where the world can analyse and find who the real champion is.

 

Similarly, trading platforms organise trading tournaments where you can compete with other big traders all around the globe and see where you stand.

 

About

 

Pocket Option offers multiple unique products, and one of such is trading tournaments. Pocket Option tournaments are the real competitions where traders participate either for free or for a fee.

Here, the traders compete in a closed group where they can trade on a single asset starting with the same virtual balance. The trader with the highest profit and the maximum correct trades emerges as a winner. The top three winners are rewarded with the big pool prizes and extra rewards.

Types

There are three types of tournaments

1> Free: Here, the entry is free, and you can even get modest prizes.

2> Paid:  Here, you need to pay a tournament fee, mostly $1, but you get big pool prizes up to $100

3> Risk Free:  You will rarely see this tournament, but you get the trading risk-free promo codes upon winning the competition.

 

How to Join

Joining a trading tournament is a simple and easy process. Follow the steps below

 

1> Login: First and foremost, you need access to the trading dashboard. In case you don’t have one, click here.

 

 

2> Navigate to tournaments: Once you have access to the trading dashboard, navigate to the tournament section on the right-hand side.

 

 

3>  Next, browse the available tournaments and read the terms & conditions, prize details and entry fee.  Lastly, once you have found your desired tournament, you just need to click join. That’s it!

 

 

4> You can easily check your position by clicking on the positions button below, where you can easily see who’s leading the board.

 

Can You Rejoin?

 

Yes, of course, you can surely rejoin the tournament, once you are done or you desire to buy more coins, simply click on the tournament button at the top of the page and click on the rebuy button. Next, make the payment, and you are done.

 

How to claim a Tournament Prize?

After the expiry of time, if you were in the leading position, you can claim your reward or prize. Just follow the steps below

1> Open the progress tab

2> Choose the tournament you won from the history section

3> Lastly, click claim the prize

 

Can you withdraw the prize won in the free tournament?

 

You can surely withdraw the prize you won in the free tournament. However, according to the platform’s terms and conditions, you can withdraw the prize only after making a deposit.

 

How to win the Pocket Option Tournament

Just like in sports, you need a solid strategy and mindset to win big. Here, some strategies you can try to win big

 

Practice: Keep in mind that you will be competing against some of the best traders worldwide, many of whom may be highly experienced. Therefore, solid practice is essential, and you can use a demo account.

 

2> Risk Management: Avoid taking large trades at the start of the tournament, a best trader or cricketer always analyses the pitch first, you got it right!

 

3>  Good Indicators: Using a good indicator, such as Parabolic SAR or Bollinger Band,s can surely help you.

 

4> Rebuy feature: If the balance drops below 100 units, use the top-up button.

 

5> Watch Tutorials: Copying a tested strategy can surely help you win. For Instance, above is a recommended video for you to watch and get some inspiration.