Trading on the 24option MT4 and WebTrader Platform


This Answers the Following Questions:

How does 24option work?
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How to trade with 24option?
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What platforms does 24option offer?
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What is the 24option MT4?
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What is the 24option WebTrader?
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Which 24option platform is the best?
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How to use 24option?
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Can you make money with 24option?
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Do 24option trades expire?
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Does 24option have a demo account?

You can trade on 24option via the two 2 platforms that they offer and whichever you find more comfortable to use, you’ll be able to access the financial markets.

  • MetaTrader4 (MT4)

    If you have experience in trading CFD’s before then you’re probably familiar with the MT4 which has already become a standard with majority of brokers today. Via this platform, you’ll have access to indicators that you can use for charting and technical analysis.

    In order to use this, you need to download the software client and install it on your computer. Once the installation is complete, you just need to enter your login details and you’re all set.

    24option MT4 platform download
    24option MT4 platform download

    Risk Warning: Trading forex and/or CFDs involves significant risk of loss. CFDs are leveraged products and it is possible to lose more than your initial investment.

  • WebTrader

    Alternatively, you can also use the proprietary trading platform called WebTrader. Since this is web-based, it can be accessed via any web browser that has internet connection.

    You can access this via Google Chrome, Mozilla Firefox, Opera, Microsoft Internet Explorer/Edge and others. All you have to do is log in with your account and you’re good to go.

    24option WebTrader platform
    24option WebTrader platform

    Risk Warning: Trading forex and/or CFDs involves significant risk of loss. CFDs are leveraged products and it is possible to lose more than your initial investment.

How to trade on 24option

The first element that is prominent on the platform are the Buy and Sell button which on the right column of the main interface.

This platform has a very simple theme and the directionally-coded colors will allow you to determine which assets are increasing or decreasing in value.

Green means that the instrument’s price is going up and red means that the price is going down.

24option Buy and Sell button
24option Buy and Sell button

Risk Warning: Trading forex and/or CFDs involves significant risk of loss. CFDs are leveraged products and it is possible to lose more than your initial investment.

You can adjust the volume in lot quantities on your trades by clicking on the arrows. You may also configure these features so you can have more control over your trades:

Open Trade When Reach: You can set the level to automatically execute your trade when it reaches a specific level. With this feature, you can monitor the price action when investing on several assets.

24option Open Trade When Reach
24option Open Trade When Reach

Risk Warning: Trading forex and/or CFDs involves significant risk of loss. CFDs are leveraged products and it is possible to lose more than your initial investment.

Close at Profit and Close at Loss: Also called the Stop/Loss and Take Profit, you may also set levels for the platform to close your trade.

24option Close at Profit
24option Close at Profit

Risk Warning: Trading forex and/or CFDs involves significant risk of loss. CFDs are leveraged products and it is possible to lose more than your initial investment.

How can I actually use this?

This will prevent you from experiencing huge losses or lock on any possible profits once the underlying asset’s value reaches the price level that you set.

24option stop loss take profit
24option stop loss take profit

Risk Warning: Trading forex and/or CFDs involves significant risk of loss. CFDs are leveraged products and it is possible to lose more than your initial investment.

That means you don’t have to perpetually monitor your trades since you have already configured the platform to execute specific actions even if you’re not looking at the screen.

Holding positions open and expiry times

You can hold a position open overnight on the platform but this is not recommended because CFDs are ideal for short-term trading and speculation which means that contracts should be closed or “expire” within the day.

24option open trades
24option open trades

Risk Warning: Trading forex and/or CFDs involves significant risk of loss. CFDs are leveraged products and it is possible to lose more than your initial investment.

Should you still decide to hold a long position overnight you will be charged with a financing fee or “swap”? This is the interest that will be deducted from the profit or loss that you will incur from your position.

24option swap option
24option swap option

Risk Warning: Trading forex and/or CFDs involves significant risk of loss. CFDs are leveraged products and it is possible to lose more than your initial investment.

Look:

Trade Forex/CFDs on 24option will allow you to access a large list of assets and can give you sizable profits but remember that this form of derivative may also result in the loss of your invested capital.

The 24option demo account

When you sign-up for an account, you will also have the privilege to access the demo account which will allow you to trade risk-free and with no obligations.

24option demo account
24option demo account

Risk Warning: Trading forex and/or CFDs involves significant risk of loss. CFDs are leveraged products and it is possible to lose more than your initial investment.

This is loaded with a virtual currency balance of $100,000 which is more than enough for you to do various test trades and check out different strategies.