The internet is flooded with information about binary options, making it difficult to sort out what is good content and what is not. To help you, here at Binary Invest, we’ve created an IQ Option tutorial from scratch to help you finally understand how it works and also learn the first steps if you want to trade in this market.
Dear trader or aspiring trader, first of all we would like to point out that trading any asset on the financial market involves risks and you could lose money. We at BInário Invista consider it important to always make this clear in order to avoid illusions and high expectations, at least in the beginning.
If you dedicate yourself and have discipline, the results can come faster for you.
That’s why we’ve prepared a complete IQ Option tutorial to help beginners as well as more experienced traders plan their binary options trading experience in a more professional and assertive way, increasing their chances of being successful in this segment.
How do binary options work?
First of all, if you don’t know what this market is all about, we explain how it works here in our IQ Option tutorial. The binary options market is quite simple as it only offers 2 options to choose from, which is ideal for beginners. These two options consist of choosing whether the price of a particular asset will rise or fall within certain time frames.
In this way, you don’t acquire assets in the market, but the right to speculate on their fluctuation, which prevents you from taking greater risks, as in other markets where big fluctuations can lead to big losses in a matter of minutes.
For this reason, 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.
How does IQ Option work?
IQ Option is one of the leading binary options platforms on the market today, with more than 300 assets. You can also trade currency pairs, commodities, cryptocurrencies and more.
Another great advantage is the ease with which you can open an account and trade with this broker, because unlike other markets, you don’t have to send considerable sums to brokers outside Brazil or go through unnecessary bureaucracy to trade.
The next step in our IQ Option tutorial will teach you how to open an account with this company.
Opening an IQ Option account
The information required to open an account with IQ Option is very limited, only a few personal details are required, such as: full name, address, email address and CPF. Because it involves financial transactions, for your security you will also need proof of residence and ID.
However, these procedures are very easy and quick to carry out compared to other brokers in the financial market.
The cost of the initial deposit is also very low, the minimum amount is currently R$60 through a number of payment methods, such as credit cards and boleto bancário (yes, IQ Option accepts boleto bancário from Brazilian users).
Other good news is that there are no registration or maintenance fees for the platform. If you’re a beginner trader, rest assured that IQ Option is one of the best entry points to the financial market.
We’ll follow this IQ Option tutorial by explaining the best payment methods available when starting an account.
Making the initial deposit at IQ Option
The first deposit can be made before or after your account has been validated. Please note that the latter procedure is essential for withdrawals.
It is very important that all your details are correct so that you don’t have any problems when making future withdrawals, because IQ Option has agreements with companies such as banks to enable deposits and withdrawals, and as you know, if there are any incorrect digits, bank transactions are reversed, so be very careful when filling in your information.
To deposit, click on the green “Deposit” button, then you will be taken to the payment methods offered by the platform and you can choose the amount and method you prefer to deposit.
You can make your deposit using the following methods: boleto bancário, Visa and MasterCard credit cards and e-wallets (Neteller, Skrill, WebMoney, AdvCash, Perfect Money).
If you have any problems or more specific payment questions, we also have an IQ Option payment tutorial available here at Binary Invest.
Study strategy and techniques
As we pointed out at the beginning, if you want to make a living from trading or at least make money in this market, you need to prepare yourself, and the most essential ways to do this are through study and practice.
Trading studies are mainly divided into 2 main streams: fundamental and technical analysis. As binary trades generally consist of trades with a timeframe of between 1 and 15 minutes, fundamental analysis is generally not suitable for this market as it consists of studying reports and news that have a more long-term impact.
Therefore, for your IQ Option trades you should focus on studies related to technical analysis, as this studies prices, trends, direction, volatility and other aspects that can have a greater impact in the short term.
Here at Binário Invista, you have free articles explaining the strategies and indicators most used by successful traders.
Always practice and adopt risk management!
Now that you’ve studied a lot of theory and would like to test it out in practice, our IQ Option tutorial recommends that you choose a strategy that you feel comfortable with and practice it on the demo account.
We know this can be a bit of a pain, but remember that it’s better to lose fictitious money than real, and one of the main secrets of successful traders is not to lose money unnecessarily.
You can start on the real account when you feel comfortable, but choose to invest low amounts that won’t be missed if you lose. Adopting risk management implies setting limits on the amount you invest, winnings and losses.
This is another thing that winning traders do, and that you need to do if you want to be a trader who makes money in the market.
We hope you’ve enjoyed this IQ Option tutorial for beginners, we’d be happy to see your comments below and wish you great trading!
After reading this article, you can smooth your way to profits with a demo account on the IQ Option platform, and get to know the most interesting trading strategies.
