How to Start Trading Using IQ Option: #LeakedIIN #PersonalFinance #HowToMakeMoney #MakingMoney #Cryptocurrency #Stock #Investment #Scholarships #loans #grants #Gold #Silver,
If you are willing to try trading on the IQ Option platform, but you have never traded with it before, this guide is for you!
Most good traders start by learning how to trade via tutorials online. However, those tutorials are often confusing and very hard to understand. The ones you can find on the platform however, have been improved. Many beginners learn how to trade by trial and error which often loses a lot of money.
Those who are interested with IQ Option, but have no idea how to trade may wish to read this guide. Afterward, I hope you will be able to take full advantage of the platform in no time.
This guide is focused on explaining how to access the platform using your PC. It is however advisable to download the app for traders on the go (it’s more convenient).
When you want to start trading, you need to choose an asset you want to trade in. Those assets are listed in pairs and could be stocks, currencies, commodities, and other specifications. As a beginner you should start off with currencies because they are easier to track and profit from.
In this guide the EUR/USD pair will be taken as the trading specie. This is not more than just a set of two currencies; euro and the US dollar.
When you click on it, an entry place will pop up on your screen. This is where you put in the expiry period – for what period of time do you want to hold the position going from seconds to months.
Determining the expiry period
The expiry period all depends on the strategy you’ve decided to utilize, and the chosen asset you want to use. The currency pair discussed earlier is stable and would see very little fluctuations. You can keep the position open for an hour or more without worrying much.
If the chosen asset is volatile you should enter and exit trades very fast. Setting an expiry period of less than 15 minutes would be ideal.
Next you have to enter the investment amount. For this example $400 is something to go with. IQ Option will then calculate on its own the potential profit. With this trade the system showed me that I can earn $364 on my investment if the currency moves in my favor before the expiry time.
Lastly, you need to submit your prediction. You can pick UP if you think the price will increase when the trade expires or DOWN if you believe the value will drop. For this example I am picking UP. This is because the EUR/USD currency pair has been in an oversold condition. When the trade expires, you will see if you have earned or lost some money.
It might seem tough in the beginning, but with practice, you will become better at predicting. You have to study the fluctuations in the price of the assets you want to trade beforehand. Managing your funds is also crucial so that you don’t end up losing it all at once. Start off with a demo account and after some practice move to the real deal.
Using an IQ Option Platform for Trading
IQ Option is an online platform for trading in financial instruments, primarily binary options and Contracts for Difference (CFDs). The platform can be used to trade a variety of assets including stocks, commodities, currencies and indices, as well as a variety of other markets including ETFs, options, futures and cryptocurrencies. With an intuitive, user-friendly interface and advanced features, the IQ Option platform is a great choice for traders of any level of experience.
Features of IQ Option Platform
- User-friendly interface with intuitive design
- Trading on a range of financial instruments including binary options, CFDs and Forex
- Access to technical analysis tools and charts
- A range of educational resources and training materials
- Multiple account types and funding options
- Secure and reliable trading platform
FAQs about Using an IQ Option Platform for Trading
Q. How do I create an account with IQ Option?
A. Creating an account with IQ Option is simple and straightforward. Simply enter your details on the sign-up page and click ‘Create Account’. You will then receive an email to confirm your account and you can begin trading immediately.
Q. Can I trade cryptocurrencies on the IQ Option platform?
A. Yes, you can trade cryptocurrencies such as Bitcoin, Ethereum and more on the IQ Option platform.
Q. Are there any fees when trading on the IQ Option platform?
A. There are no fees for using the IQ Option platform, however there may be fees associated with the underlying asset you are trading.
Q. Is the IQ Option platform regulated?
A. Yes, IQ Option is regulated by the CySEC, a financial regulator in Cyprus.
IQ Option is a reliable, user-friendly online platform for trading a range of financial instruments. With advanced features and an intuitive design, the platform is suitable for traders of any level of experience. The platform enables traders to access technical analysis tools and charts, as well as a range of educational resources and training materials. IQ Option is also secure and regulated to ensure a safe and reliable trading experience.