“Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.”
Trading binary options with iqoption presents a user friendly trading interface for traders to navigate and place trades thanks to the very nature of binary options. After careful analysis, traders first are offered to predict the price movement of a certain asset.
IQ Option Opinion
IQ Option is brokerage company present on the financial market since 2013. This broker is owned by IQ Option Europe Ltd, located in Limassol, Cyprus. To traders worldwide, they offer their own proprietary platform with a wide range of services and over 500 trading instruments. It is important to note that IQ Option is a regulated binary broker under CySEC. The platform has an user-friendly interface.
As a multilingual platform, traders can choose among 13 different languages to simplify needs of traders worldwide. As far as we know, due to high-security standards, there have been no complaints so far regarding deposit and withdrawal with IQ Option. They make it possible to deposit through different ways, such as Mastercard, Maestro, Visa, Visa Electron, Skrill Moneybookers, WebMoney, bank wire etc.
Withdrawal process takes 1 business day for money to arrive on traders’ account. With just $10 minimum deposit, traders will have access to IQ Option platform to invest in a short term and long term options. This broker provides an exquisite Education Centre, with many useful materials for the traders, which include ebook, a set of different trading tutorials, webinars etc. In the case of any questions, traders can contact this broker on email or via web form to get needed information.
If the trader believes the price of the asset will rise, they should select ‘call’ option. If the trader believes the opposite, ‘put’ option is the right choice. With iqoption minimum investment to open forex and CFD positions is only $20, and every trader can adjust the rate of return so that it suits his trading style.
Before and during trading, traders should follow the graph available on the platform. A well-informed trader can predict trends using analysis and will continue to follow the price movements during trading. In case no trend is visible, the trader should opt for another asset or simply trade the selected asset another time.
In the lower left corner of the trading platform, traders will find an icon in a shape of the pencil that enables them to apply various tools that will help them analyze the state of the market. First, traders should choose the chart type – it can be in showed as area, candlesticks, line or bars.
Read more about graphs here.
The selected type of graph shows them how the price is moving in a certain amount of time selected. In case trader has chosen bars or candles, it is possible to apply time intervals as well. Simple trend lines are the most convenient tool, but they also have their own rules that need be followed. Read about them in our Academy Article.
The second step is to choose one of the tools available: line, trend line, horizontal line or Fibonacci lines. Afterward, the trader has the option to choose technical indicators. Technical indicators are helping traders predict financial indexes in a convenient way, as they are the result of the mathematical calculation. iqoption platform provides a great variety of indicators like MA, Bollinger bands, Alligator, RSI, MACD, Parabolic SAR, Stochastic Oscillator and Awesome oscillator. Oscillators are most useful during times of consolidation as they can warn trader about upcoming trends.
More on oscillators can be found here.
In the picture showed above, traders can see how does it look like to trade candlesticks with MA indicators.
After everything is set, it would be wise not to start trading immediately, but to follow the situation on the market and make an educated guess about movements. Keep in mind that all tools and your preferred expiry time have to be in tune as it makes no sense to make analysis in longer time frames and trade only in short.
More about that topic find out in Academy.
As money management is one of the most important segments of every financial trading, traders shouldn’t invest more than 2% of their funds. This prevents overtrading, but also reduces stress levels and gives traders more confidence. Traders should keep in mind that all trades should be placed with a cold head.
In order to achieve optimal trading results, traders should always improve their knowledge and follow the financial news as they often indicate movements. Responsible traders never trade only one type of options or one asset but place their trends according to their knowledge of the state of the market.
iqoption recognized the importance of education, so all users can follow free trading webinars and read educational material that will help them to improve their knowledge and trade binary options successfully.
Your capital is at risk
“General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.”