Beginners' Guide to Using the IQ Option Online Trading Platform

Trading in the stock market no longer necessitates the use of a broker. You may now purchase and sell stocks online thanks to technology improvements. You also don't have to be an expert to trade using online platforms, which are becoming more user-friendly and include a variety of tools and training resources. You can purchase and sell stocks online at any time and from any location.

Are you interested in stock trading？ IQ Option is one of the sites you should look into. Learn how IQ Option works, what tools it provides, and how to get started trading online.

What Exactly Is IQ Option？

IQ Option is an online trading platform that allows traders to bid on a variety of financial assets such as equities, currency, binary options, commodities, exchange-traded funds (ETFs), and cryptocurrencies[. It is one of the world's fastest growing online trade businesses, with over 48,000 registered members and over one million transactions every day.

IQ Option was founded in 2013 and is licensed by the Cyprus Securities and Exchange Commission (CySEC). IQ Option accepts traders from 213 different countries, including Malaysia, Singapore, India, and the Philippines.

Beginners' IQ Option: 5 Financial Assets to Trade

• Commodities - are one of the assets that you can trade with IQ Option. You can trade on five commodities: Brent crude oil, silver, gold, WTI crude oil, and platinum.

• Cryptocurrency - Contract for Difference (CFDs) are available on 27 cryptocurrencies, including Bitcoin, Neo, Ripple, Binance Coin, Litecoin, and Zcoin.

• Exchange-traded Funds - ETFs are exchange-traded funds. CFDs on exchange-traded funds (ETFs). US Real Estate ETF, Semiconductor ETF, QQQ Trust Series 1, and Gold Miners ETF are among the ETFs accessible for trading.

• Forex - IQ Option provides a diverse choice of currency pairs. There are presently 48 forex trading pairings available, including EUR/USD, NZD/SGD, and GBP/JPY.

• Stocks - CFDs on 185 different stocks. For Stocks CFDs, the minimum investment is $1 (about PHP 50). Apple, Amazon, Boeing, and Lyft are among the stock holdings accessible on IQ Option.

IQ Option Trading Types and Payouts Available

IQ Option began as a binary options broker, but they now allow clients to trade CFDs.

• Binary Options

  This financial instrument offers a fixed return for making the correct market prediction on the price of an asset within a certain term. With this option, you may be able to achieve up to 95 percent correct, but any incorrect forecast will result in investment losses. The minimum investment for binary options trading is $1, and there is no brokerage cost. From 60 seconds to the end of the month, the expiry times span from 60 seconds to the end of the month.

• Digital Options (CFDs)

  Contract for Difference (CFDs) are a common type of trading in which you purchase and sell contracts for the difference through an internet provider[2]. You must forecast the direction of price movement and then enter into a contract based on your forecast. The outcome is also determined by the direction you chose and the price movement. The reward for this trading option can reach 900 percent, with a $1 minimum commitment. The expiration time ranges between 60 seconds and 15 minutes.

IQ Option provides three sorts of accounts: practice accounts, real accounts, and VIP accounts.

Account Practice You will receive $10,000 in free practice money with this type of IQ Option account so you can learn more about the platform. You cannot withdraw the funds, but you can use them to trade in any instrument. A practice account allows you to test out different assets, trading times, and investment amounts. You can also top up your practice account because there is no limit to how much you can use the fund.

Actual Account

This is a normal IQ Option account that may be used for real-money trading and withdrawals. With this type of account, you may still access your practice balance. You are allowed to switch between your Practice and Real Accounts at any time.

Account VIP

A VIP Account includes extra IQ Option features like a personal account manager, training materials, increased profitability rates, and exclusive deals. To obtain a VIP account, you must pay $1,900 or an equivalent sum in other currencies (about 95,000 pesos).

How to Make a User Account

• To establish an account, download the IQ option app from the App Store or Google Play Store. You can also register from your computer.

• Fill out the form with the required information, such as your email address and password. Make a strong password for your account.

• To activate your account, IQ Option will send you an email with a link. To proceed, click the link.

• Once your account is activated, you will have access to both Practice and Real Accounts.

• To change accounts, go to the trade room and select either a Practice or a Real Account.

How to Make a Deposit and Withdraw Money

You must first authenticate your account by submitting photo identification before you can deposit dollars into it. First, complete this step.

Once your account has been validated, you can fund your IQ Option account using the following payment methods:

• Credit/debit card from Visa or Mastercard

• BDO or Metrobank bank transfer

• Skrill

• Bitcoin

• Bitcoin\sAdvcash

The IQ Option Real Account requires a minimum deposit of $10 or PHP 500. Depositing monies incurs no processing cost.

To withdraw your funds, you must use the same payment method that you used to deposit them. The minimum withdrawal amount is $2 (PHP 100), and your request will be processed within three business days. Depending on your payment option, you may be charged a small fee.

How to Begin Trading

Are you ready to trade？ You can begin trading with either your Practice or Real Account because they all offer the same functionality. To hone your trading skills, use your Practice Account with virtual funds. When you're ready, log in to your Real Account and start trading with real money.

To begin trading, enter the trade room and select the account you want to utilize. The chart is in the center, with the buy and sell boxes on the right. At the top, you can also view your balance and the assets you are trading.

To trade assets, use the drop-down option at the top left of the chart. Simply enter the amount of the asset you want to purchase and submit your order.

The desktop version of the IQ Option looks the same as the mobile version. It has the same features as the previous one, but you may also change the leverage, investment, and pricing.

Check out also Expert Advisory (EA) from WikiFX.

Order Types and IQ Option Indicators

To assist you in trading, IQ Option provides a variety of order types and indicators. These characteristics can assist you in developing strategies and minimizing your losses.

The following are some of the order types and indicators available on the online trading platform:

Order Varieties

• Order of Multipliers. Using a coefficient, you can enhance your return on investment and risk level.

• Order with a Stop-Loss. A stop-loss order allows you to limit your losses. When your set losses are reached, this immediately closes the deal.

• Order for Profit. It aids in indicating the amount of profit you wish to achieve. When your order reaches your profit target, it will be immediately closed.

• Order for a Trailing Stop. You can specify the stop price with a trailing stop order. It will follow price changes in the direction you specify.

Indicators

True Range on the whole. The volatility of a specified trading asset over a given time period is displayed. Average True Range also allows you to calculate the change range quotations.

Bands of Bollinger. Creates a corridor for prices to move in based on moving averages and standard deviations. It is one of the most often used trading indicators.

Moving Averages (MAs). This could provide you some insight into current patterns. Simple moving averages, weighted moving averages, and exponential moving averages are all included.

SAR with a parabola. Moving averages are similar, but the position changes depending on the price. It also moves together at a faster rate.

Index of Relative Strength. Aids in determining the strength of a current figure. You can also compare asset price growth and total price reduction using the Relative Strength Index.

Indicator of Volume It displays the quantities of your chosen item that were bought and sold during a specified time period, including interest.

Conclusion

IQ Option is an excellent online trading platform for both novice and seasoned traders. It is simple to use and provides a variety of training resources and tools to assist you in your trading adventure. The amount you earn from IQ Option trading is determined on your plan, talents, and the amount you deposit. You can utilize the virtual funds in the practice account to learn more about how the site operates. When you're ready, fill your account and begin trading with your real money.