First of all, for your better understanding, it’s important to differentiate between IQ Option and binary options. We explain how you can register and deposit, as well as initial strategies and important tips to prevent you from losing money in the first instance.
If you’ve got as far as this article, you’re probably interested in trading binary options, or at least getting to know this market better. We’ll start by explaining what binary options are and what a company like IQ Option does.
So, if you already understand what binary options are, don’t leave this article, just take it a step further, because here we’ll teach you how to trade on IQ Option, one of the leading companies in the sector.
What binary options are and how they work
As the name “binary” suggests, the binary options market offers only 2 options, which is a very simplified trading model, ideal for beginners. These two options consist of choosing whether the price of a particular asset will rise or fall within certain time frames.
Therefore, you don’t acquire assets on the market, but the right to speculate on their fluctuation, which protects you from risks, such as in the case of a sudden large drop in a given asset, which is common in other markets.
Compared to other trading models offered by the financial market, binary options offer a faster learning curve and also incorporate assets available on other markets, such as forex.
In addition to forex, you can also trade CFD currency pairs, 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 is IQ Option and what does it do?
IQ Option is one of the largest and leading binary options brokers in the world, with more than 300 assets. This diversity makes it possible to trade virtually 24/7, as it has assets from all over the world, such as stocks and commodities from the American stock exchange and currency pairs involving Asian currencies, such as the yen, for example.
It’s important to note that trading assets on foreign exchanges requires procedures such as sending capital out of the country, as well as exchange and brokerage fees, which can be unfeasible for small investors.
To trade these assets on IQ Option, however, the cost is negligible, as there are no registration or platform maintenance fees. The minimum deposit is very low, usually no more than R$60.
Therefore, we can say that this market and this broker, in particular, are one of the best entry points to the financial market, and in this article we will focus on how to trade on IQ Option.
How to open an IQ Option account
The first step is to open an IQ Option account, which is quite simple, as you are only asked for a few personal details, such as your full name, address, email address and CPF number.
As this is an investment platform, which involves sending and receiving money, there is a need for a few more procedures to enable your account, including validating documents such as your ID and proof of residence.
This is very important for your own safety, in order to prevent third parties from defrauding your account and improperly receiving your profits. Many users report having problems with this step, but this is often because they haven’t sent legible photos for validation.
So make sure your validation photos are legible. In the meantime, don’t worry, as the platform will be available for you to train on, either on the demo account or the real account.
How to deposit at IQ Option
Before validating your IQ Option account, you can already make your initial deposit.
Do so by clicking on the green “Deposit” button, after which you will be directed to the available payment methods and can choose how and how much you want to deposit.
The deposit methods available at IQ Option
The following payment methods are available at IQ Option: boleto bancário, Visa and MasterCard credit cards and e-wallets (Neteller, Skrill, WebMoney, AdvCash, Perfect Money).
If you wish to deposit using a payment method not listed above, we recommend checking out the e-wallets, as they offer a means of payment.
After all, how to trade on IQ Option?
Now that your account is ready, the best way to trade on IQ Option is to take 3 steps: study strategies, train on the demo account and adopt effective risk management.
Learn strategies
Losing money in the market is very easy and common for many who try to make money in the binary options market. That’s why you should never start trading without knowing at least one strategy.
Take advantage of all the content available on our blog and make it your initial goal to completely master a single strategy for trading the market.
Train on the Demo Account
IQ Option offers a demo account completely free of charge, so as a second step in your journey, apply the strategy you’ve learned thoroughly on the demo account, because it’s much better to lose virtual money than real money.
This account works just like the real account, so apart from the emotional aspect, which is different when it doesn’t involve real money, your experience on the demo account will be the same, and it’s one of the best ways to learn how to trade on IQ Option.
Implement and follow risk management
Once you’ve gained trading experience, move on to the real account and start small. Even if you start to see promising results, don’t make the mistake of considerably increasing the value of your trades.
Adopt and maintain risk management even if the results are promising and adjust it as your capital progresses.
Withdraw your profits
Our final tip is: don’t forget to withdraw your profits once you’ve achieved consistency as a trader.
This may not be exactly a tip on how to trade on IQ Option, but it is something that will certainly make your trading better and better, because by making the result tangible, you will certainly gain extra motivation to continue evolving as a trader.
After reading this article, you can start trading on IQ Option with a demo account on the IQ Option platform and get to know the most interesting trading strategies.
