Hi All,
Many peoples are doing or wanted to do trading into the IQ Option. This complete post will really help you for trading in IQ Option. In this post, I have explained what to do and what not to do.
Many people impressed by the advertisement and thinking to start trading into the IQ Option.
It is good that you are thinking to go for the investment, but without sufficient knowledge, you might loss the money and then you will start thinking negatively on this trading.
Let's talk professionally on this as per my point of view.
In IQ Option, as shown below you will get many options wherein you can take your trade like Binary Options, Forex, Stocks, etc....
Many people are impressed by the Binary Option which means Options. In this, you will get the time windows for 5 min to 30 min and you can choose any time frame windows. After selecting the time windows you have to predict the trade which is either upside or downside. If you got the trade at your predicted direction then you will get a max 85% return which mean by investing $1 you will earn $0.85. But, if the trade goes to your negative then you will loss complete $1. The game is here.
Many people have well enough knowledge to predict the trade but still, they got loss, WHY?
When you know the point or the level from where it will go upside it doesn't mean that it will go within 5 minutes or 30 minutes. Since the currency market is open for 24 hours every weekday so it takes time to take the movement.
I will strongly not recommend or suggest you to go for Binary Options trading. Its look impressive, you will get the maximum amount by doing this, but at the same time, there is a 100% risk to loss the money.
I will recommend or suggest you to go for Forex trading. WHY?
In Forex trading there is no time limit, it's up to you that how much loss or profit you want to book, so it is controllable. But, you need to set up some won rules. Below are my rules.
- At least have the basic knowledge to understand the trend in the market.
- The chart should be clean and clear. Do not apply too much indication which creates confusion.
- You have to understand or predict what can be the level from where price action moves up or down.
- The level from where it went up that we called as a Support level and the level from where it comes down is called as Resistance.
- Forex opens for 24 hours on every weekday hence candle size should be 30 min, this gives you an accurate level where to buy and sell.
In Forex, you can hold the trade till you want. Even if it goes opposite to your predicted direction, you can able to book a small loss. But remember that it takes time to change the direction hence invest only that much which you can able to hold for a long time.
When you make a profit, don't try to increase the investment amount. When you make a successful profit by investing suppose $3, don't take the next trade with $5 or $6, because if the next trade goes negative it will be difficult to recover the loss with back to the small investment amount.
Take trade in Forex and Stocks.
Take trade at an accurate level.
Do not increase the losses.
Maintain profit and loss ration 3:1 so that loss can be easily covered.
Make habit to trade slowly and patience.