It’s very common to talk about IQ Option, especially making money on it. But is it possible and easy? Check out our analysis of the company and our opinion on it.
It’s very unlikely that by the year 2023 you won’t have heard about IQ Option in Brazil at least once. It’s a global company that invests in advertising, but the largest number of sources on this subject are certainly its users.
But why talk about IQ Option so much? It’s one of the largest financial trading platforms in the world, and best of all, it’s one of the most accessible too.
But how does IQ Option work? What’s more, can IQ Option Brazil be trusted? To better understand how it works and get our point of view on it, check out the full article.
IQ Option Brazil is originally a binary options broker
Founded in 2013, IQ Option started out in the binary options market and, as the name “binary” suggests, this market consists of offering investors just 2 options, which is a very simplified trading model, ideal for beginners.
But what are the 2 options? They consist of choosing whether the price of a particular asset will rise or fall within certain time frames. It’s as simple as that. In this market, you speculate on asset price fluctuations, rather than buying them.
At IQ Option Brazil, you can currently trade currency pairs with CFDs, commodities, cryptocurrencies, among others. And if you already have some experience in these other markets, you should know that many strategies can be used to trade binary options.
What are the advantages of operating with IQ Option Brazil?
As we mentioned, having only 2 choices to make in the market may seem limiting, but it’s a great advantage for most people. This is because the more variables there are in the market, the greater the scope for making mistakes.
In markets such as forex and futures, market volatility can bring you big profits, but also huge losses if risk management is not done well. In binary options, on the other hand, using IQ Option Brazil, your losses are limited to a fixed amount set by you, even if the worst-case scenario happens and knocks down the price of the asset in question during your trade.
Another important advantage is the cost of trading on this platform. In more traditional markets, you’ll usually have platform costs, brokerage fees, emoluments and in some cases even exchange data fees, which can make it unfeasible for beginner traders or those with little capital to enter the market.
How much does it cost and how do I deposit with IQ Option UK?
The cost of opening an account and trading with IQ Option is zero. In addition, the minimum deposit amount is negligible and there are good options for making deposits from Brazil, such as boleto bancário.
You can make your first deposit at IQ Option Brazil from as little as 60 reais or 10 dollars, and even before that, you’ll have a demo account at your disposal, which has all the tools and indicators you need to get to know the platform better and train without the risk of losing your money.
Depositing with IQ Option Brazil is also safe. The site has SSL encryption, which protects your data, as well as the 3-D Secure function, which sends an SMS notification to your cell phone asking it to approve transactions. This feature drastically reduces the chances of fraud.
And how do I make money at IQ Option Brazil?
It’s very common to find advertisements and courses by people saying that it’s easy to make money with brokers like IQ Option Brasil. If you’ve come this far with that expectation, we’re sorry to tell you that it’s not that easy. However, we’d rather be honest with you than feed you a reality that doesn’t exist and could cost you money.
But don’t worry, we’ll share with you the recipe for success that successful traders follow. And it’s quite simple: study and practice!
Of course, there are many important elements to making money in trading, but without studying and putting in several hours practicing in the market, we have to say that it is highly unlikely that you will make money in this market.
So how do you study to become a winning trader?
Look for reliable sources that don’t try to give the impression that making money at IQ Option Brazil is easy. You can also count on us and check out our blog, which contains articles on a wide variety of topics related to binary trading.
If you still don’t understand anything about the subject, look for content on the basics. Understand what they are: candlesticks, types of charts, support and resistance, assets, prices, etc.
If you have a little more understanding of the subject, focus your studies on indicators, strategies, setups, tools, etc.
And how do you practice at IQ Option Brazil?
To practice, you always have IQ Option Brazil’s simulation account at your disposal, where you can fail and lose virtual money at will without any risk or cost.
However, practicing on the simulated account does not include a very important element, which is the psychological factor of risking and potentially losing your money.
When making trades on the demo account, you can risk thousands of dollars without any worries, but when it comes to real money, you start to think over and over again before making a trade and there are many situations where this can start to weigh on you as a trader.
Therefore, once you have studied and validated a strategy on the simulator, start on the real account with derisory amounts that won’t be missed if you lose them. As you get more comfortable, gradually increase this amount.
After reading this article, you can access the advantages of IQ Option Brazil with a demo account on the IQ Option platform, and get to know the most interesting trading strategies.
