IQ Option: how to trade with this service?

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

IQ Option offers the most favorable interest rates when trading assets. Transactions on currency pairs bring an average of 85-92% profit. Such a bonus should definitely be used to increase your deposit. Few can offer conditions like IQ Option. How to trade with this service?

What is important to know?

It is worth noting that the IQ Option trading platform is no longer active for Russian residents. Therefore, only residents of other countries can use it today. However, there are other options that are not inferior to IQ Option (reviews of which are positive) neither in the choice of instruments for trading, nor in the choice of a currency pair. For example, brokers Olymp Trade and Binomo offer trading on a demo account and the ability to trade on a real account by depositing $10.

IQ Option: how to trade correctly?

The 1-minute trade strategy described in this article eliminates long chart analysis. In this type of trading, decisions must be made quickly. But first, it’s worth talking more about the method by which the strategy was created.

Basic strategy for making shortdeals

Demand and supply is what makes the market price move up and down, thereby increasing or decreasing the volatility of the currency pair. More buyers - more demand, which leads to higher prices. If there are more sellers in the market, then the price decreases.

There are many other factors that affect price movement. Any of these factors can create market noise characterized by spikes. It would seem that a clear and well-predicted price can change in a few seconds.

Sometimes the price moves predictably, forming a clear trend. But under the influence of any factor, it begins to act up and change direction, which must be noticed very quickly. It is on the speed of the trader that IQ Option counts. How to trade with it?

Influence of market movement

If you look at price charts, then, first of all, you need to fix an uptrend. But still, the price most often does not move strictly along the trend, but forms micro-trends (broken line). Cases where the price moves in a certain direction without sharp jumps are quite rare. If you have noted such a trend, then be sure that it is short-lived.

Using a strategy for quick trades

Trades with a duration of 1-3 minutes are suitable for this strategy. At the initial stage, in order to avoid accidental errors, it is better to open deals for 2-3 minutes. When you have more experience and knowledge, you can reduce the expiration.

For more profitit is worth choosing assets with large bonuses. One such asset on brokerage platforms is the EUR/USD pair. You can work with this currency pair at any time of the day, but high volatility is observed during trading sessions in Europe and America (beginning around 10:00, ending around 21:00 Moscow time).

Asset selection

If a trader closes a deal in a plus, then you can wait for a suitable situation to make the next deal. If the deal closed in the red, then the fun begins. This strategy does not help in choosing the option and the timing for a successful trade. It helps to recover the loss if the forecast is not justified. Next, consider an example.

After assessing the market situation, the trader sees an uptrend. He opens a long trade with an expiration of 2 minutes and a cost of $1. Trading is automated, so the trade is closed after 2 minutes either with a profit (for example, 90%) or a loss (- $1). It is on these principles that the IQ Option binary option works.

Turbo options strategy trades

According to the strategy, you need to immediately open another deal with the same conditions (expiration and trend) as the first one. The cost must be doubled to cover the loss of the previous option.

Choose $2. Further actions depend on the outcome of the transaction. If the option was profitable, that is, +$1.8 (this is 90% of $2), then when making the next transaction, you need to choose the value of $1. If the deal was unprofitable, then select the deal with the same parameters, but for $4.

The essenceThis strategy is to increase the cost of the previous transaction by 2 times. This scheme helps to rapidly increase the deposit. Because, having made several unprofitable transactions, and then the same number of profitable ones, the trader will not cover the loss and will not increase the deposit.

This is the strategy used when working with IQ Option. How to trade correctly is easy to understand, but is everything so perfect in practice?

Flaws

However, the strategy for turbo deals has a downside. If the wrong direction was chosen during the first losing trade, then all the others will automatically be against the trend. But the movement of the market is very difficult to predict for sure. Random rise and fall in prices, pullbacks, trend breakouts - this is enough to close options in plus.

At the same time, the price is very sensitive, and sometimes one point in the right direction is enough to close a deal in plus. All the efforts and worries will pay off when, thanks to this strategy, the deposit increases and you stop worrying about big losses in the past. That is why IQ Option reviews are so positive.

Traders use a wide variety of indicators and strategies to analyze the market - using the "poke" method, diligently determining the trend line or based on indicator signals (for example, EMA). But the described strategy is not aimed at finding the most successful entry point into a trade, but at covering the losses of unsuccessful trades. In addition, the withdrawal of money is very good in IQ Option. User reviews report that earned funds can be withdrawn both to a plastic card and tovarious electronic wallets.