Earning money through trader accounts is accessible only if you have a concrete plan in action. You can even trade four times a day and get different results if you’re a beginner. However, this is where professionals differ from novices. A professional or experienced trader will formulate a proper plan with a strategy in mind and then see the results play out.
However, how to earn money with IQ Option as a beginner? This question will be the main discussion of this article, along with some discussion on trading features of IQ Option that can be used to benefit the clients.
What you will read in this Post
(Risk warning: You capital can be at risk)
How to invest & earn money with IQ Option?
IQ Option is the best binary trading broker there is, which will help you earn in no time because of the unique feature of binary options trading.
Apart from Binary options trading, traders who are using the traditional way of trading can make use of the services provided by the IQ Option to earn the most profits through these features. Let’s see these features below:
#1 Use the free demo account
Demo accounts are the best part of the IQ Option broker platform as they are the quintessential free arena where you can do everything there is about trading without actually suffering any losses. A demo account is like a practice account where you can practice how to trade and understand the movement of the price of assets across the market, learn about charts and signals, and see what indicators of IQ Option are all about.
Demo accounts also come with free virtual funds of about $10,000 that you can use as real cash to see how they would act in the market as if they were real money. This method is a full-proof way of gauging the best strategies and formulating plans over the broker platform for traders.
#2 Filter through historical quotes
IP Option, like any broker, allows trading and financial quotes of currency pairs that can be used as information on exchange rates of the forex pairs as well as other instruments used in trading.
You can even determine how the figure and rates settle down in the market and then use it with your own strategy or plan to formulate a proper technical analysis.
Learning from history can add to your own design and make a better plan which can help you win a trade.
#3 Earn as much knowledge as you can
IQ Option is also very educative as it provides a separate section for frequently asked questions for traders who are confused about essential things like asset options, indicators or signals, etc. therefore, you can learn from video tutorials or adopt strategies of experienced traders to check how they would do in the market.
Moreover, you can avail the free demo account to practice your tactics and plan out beforehand. There is also a section of insights from fundamental financial analysts who can solve your diet from scratch. Also, you should add some of your own research over the internet.
(Risk warning: You capital can be at risk)
#4 Look out for new changes in market developments
Volatile does not even begin to explain the trend shift in markets because it is affected by so many things. Right from impactful events in the world like conflicts, disasters, etc., to popular product launches, anything can hamper the market, as well as the price of the asset, can go up or down.
However, you should know when to get an advantage and grab the most accessible opportunity for long-term options, along with gaining knowledge of market patterns. For example, Apple and Microsoft have product launches on a specified day, and the market stock price is bound to flow up during the day; the traders can use this opportunity to make something for themselves.
#5 Short-term trading
Long-term trades do pay more, but shorter trades of 30 to 120 seconds can make money even quicker than long trades. Once you have gained enough knowledge of trading, you can understand just when you should trade for a shorter period as you know the market trends.
However, one downside of this mode is that you won’t be able to know the next-minute news of market trades as the trends are ever-changing, and the price could move down really easily. Therefore, you should learn to read charts and assess strategies like Bollinger bands (see screenshot above) to understand how to get the best trading opportunity.
(Risk warning: You capital can be at risk)
#6 Exercise caution while trading
You’re not about to gamble on IQ Option but invest and hopefully win an honest trade. Therefore, you should keep a healthy mindset and prepare for losses as well as wins too. Start with a small amount and then see what return you get back. Once you’ve cracked the code, go on to put in bigger investments than before and earn better money prospects.
#7 Monitor withdrawals carefully
Withdrawals on IQ Option should also be handled carefully and must be taken out in a very small amount. Even though you can even withdraw up to a million dollars with the IQ Option, you should still practice caution and only withdraw little money and get it in your bank account.
Moreover, if you withdraw larger amounts back into your bank account, banks may draw suspicion over it, and it could ruin your reputation with the banks.
#8 Affiliate program training
This is the best way to earn income without having to trade because all you need to do is bring traffic of new traders on the IQ Option platform and earn income with a bonus every time you bring a trader on the platform.
Moreover, the IQ Option has quite a reputable platform where bringing new and interested traders should not be a problem.
(Risk warning: You capital can be at risk)
#9 Strategize and create your own plan
Trade yourself and take responsibility for your money as the gainer and loser of money would be you only. Therefore, create a personalized plan and execute it on your own terms. Moreover, learn from top traders on the forum by checking out their IQ Option strategies and following through accordingly.
You can even formulate your plan and try it out on the demo account to see how it will play through.
You can even choose to buy some signals which will sell trading signals to you and also analyze the market on your behalf.
About IQ Option
IQ Option is a trustworthy and smooth platform as it offers its very own HTML5 trading platform with great analytical tools as well as a safe outlet for both newbies and experienced players.
They can see multiple charts and technical analyses of the whole trade as well as trade freely with an IQ Option demo account and also supports numerous operating systems such as Mac OS X, Windows, and Ubuntu. Their presence is on mobile binary apps as well for both operating systems, i.e., Android and iPhones.
The platform is absolutely experienced and has been serving as a broker since 2013.
Did you know?
- They have even won awards and rewards for their intuitive, modern, and responsive design structure and features too.
They even have a dependable customer service staff dedicated to providing service at all times through online chats, emails, and phones.
(Risk warning: You capital can be at risk)
Trading features of IQ Option
Binary Options are a great way of trading as you can use regular options and turbo options. Both of these options allow short trades and more considerable price money.
There are more than 500 assets over IQ Option, such as currencies, stocks, currency pairs, and commodities. Specific currency pairs such as EUR/USD, EUR/GBP NZD/USD, USD/CHF AUD/USD, etc., there are numerous stocks available for companies like Facebook, Apple, Amazon, Ferrari, Coca-Cola, Vodafone, etc.
You also have lots of options in cryptocurrency as well as only one commodity, i.e., gold.
More trading features of IQ Option:
- IQ Option allows an excellent payout that can go up to 90% if there is a thriving trade without charging any commission or fee at the time of closing transactions.
- You only need to deposit $10 without a commission fee, and you can start trading at $1. However, IQ Option VIP accounts get initial deposits of around $3000.
- With the very first win, you can withdraw the money without having to go through unnecessary processes. Payment methods such as credit cards and e-wallets are available.
Conclusion
Many traders mistake investing huge capital in their first experience of trading, which is highly risky because you can win or lose the trade. There is no way your money will come back once it is done! Therefore, every trader should only account for at most 5% of their account balance so as to see how the trade plays out first!
One should always strive for a good run-through before actually deciding to invest all their money in the trade. Learn the tricks and tips of the market and how traders should predict asset price positions before deciding on trading. Moreover, make sure to trade fewer times than to trade 20 times a day because 20 X 100USD is 2000USD, which is just risky to waste.
As a beginner, always use the demo account to learn every day and practice hard while deciding on how to approach trading on the platform IQ Option has good features along with multiple asset options too.
(Risk warning: You capital can be at risk)
