IQ Option tips & tricks – How to make more profit

What could be better than earning extra money? That’s why we have clubbed the best tips and tricks in our new article: IQ Option tips & tricks – how to make more profit.

iq option broker

The article is a thorough guide for traders trying to improve their game and for beginners who want to get started with binary trading on IQ Option. The platform is available in many countries. Most popular are India, South Africa, and Brazil, but not the USA.

#1 Use demo account as a real account

The trial account has one significant advantage over the existing account. It is self-evident that you do not trade from your own money, which implies that you will not risk your own money in the event of a crisis.

That is why you should always test strategies on a practice account. It does not include a high level of danger, ensuring the safety of your investment.

➨ Sign up with IQ Option for free

(Risk warning: Trading involves risks)

Why this tip is efficient and the most recommended one?

You should switch to a demo account whenever you want to see if the method is working or not. We’ve tried this strategy several times. One should move to the real account and utilize a specific technique there only after they are convinced it’s working as it should.

Furthermore, on the practice account, test methods and different financial instruments and the amount of money invested in a single trade. Practice, test various options and then switch to the real account once you’ve figured out what works and what doesn’t.

iq option demo account

Moreover, choose the market, the technique, and the amount of money to invest without hesitation.

The practice account is often used as a learning tool for new traders. They invest large sums of money, employ haphazard techniques, and do not give much thought to their decisions.

After all, it isn’t their funds. This, however, is not correct. Don’t get in the habit of thinking like this. Use a demo account the same way you would a real one. Otherwise, it could end up costing you money in the long run.

Choosing a demo account as if it were a real one enhances your trust and confidence. It enables you to discriminate between good and bad choices and learn about successful techniques and gain confidence that they will work in the real world.

Our recommendation is to train for an extended period. Let’s pretend you’re a sportsperson. You work out for hours before you’re ready to demonstrate your abilities. You return to training regardless of whether you win or lose.

In the trading area, you should follow the same advice. The good news is that IQ Option offers a risk-free demo account.

#2 Don’t engage with 60-second trades

Of course, making 82 percent of your investment in one minute is appealing. You can’t help but smile at the prospect of such quick cash. 

But there’s an issue, as you can see. It’s both short and long in 60 seconds. Anxiety and fear will grip you. And your rational thinking is being robbed by your emotions, leaving you susceptible.

It’s easy to become overconfident after making a lot of money in 60 seconds. So, you’d think you’d figured out a simple technique to make a lot of money, and you’d start putting more money into a single deal. This is a simple method that has the potential to wipe out all of your prior gains when worse comes to mind.

iq option time period

Never forget that prices constantly change, even in such a small amount of time as a minute. Even a minor price change can cause you to lose a lot of money. Additionally, be aware of any fees.

Price swings over longer durations, on the other hand, are less severe and will not cause you to lose everything. The price will fluctuate over time, whether it is short or long. Meanwhile, longer durations make it easier to assess the market and predict its direction.

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(Risk warning: Trading involves risks)

#3 Check the trading history regularly

Every trader’s primary goal is to avoid losses while increasing profits. When you have the opportunity to review your previous deals, it will be a lot easier. The first traders kept a handwritten record of their transactions. Every day, they checked to see which transactions resulted in a profit and which resulted in a loss.

Is there any good news? You are not required to do so now. IQ Option offers a tool called “Trades” that allows you to view the entire history of your previous transactions.

What conclusions can you draw from the trading history? First and foremost, determine whether you made a profit or a loss on that particular day. Second, financial instruments were responsible for the most profitable trades.

iq option profit

Then you can figure out which tactics perform best and when you made the finest investments.

For example, you might notice that the most significant rewards on the EUR/USD currency pair occur between 10 a.m. and 11 a.m. during trading candles. Thus, you now know when to trade this specific currency pair since you have this piece of information.

#4 Make a trading plan and stick to it

Most of the naïve traders didn’t have any money-making plans when they first started. They wanted to make money from trading, so they chose random markets and switched to another if one didn’t work out.

It’s true, we must confess. It failed. After losing over 80% of their money, they knew that something needed to change. Then, they started following successful investors’ footsteps and learned that they all have a trading strategy.

Let’s take a closer look at the elements of such a strategy.

The first step is to set a time limit for your IQ Option demo account. It would be three weeks, for instance. Moreover, it should last long enough for you to figure out which markets to invest in and when to do so. Another thing to do is decide how much money you want to invest in the deal.

As previously said, it is critical to evaluate one’s trading history.

Hence, keep careful track of the time, tactics, indicators, instruments, and timeframes you employed. Not only that, scrutinize your previous strategies and look at what you could’ve done instead.

#5 Participate in social trading

While most binary options firms do not offer social trading, it is beneficial to inexperienced traders.

This feature allows you to view what other users on the platform are trading and how much they have invested in each deal.

This might assist you in quickly determining which direction to trade-in.

Because sometimes, the only skill you need to master to win more in IQ Option is to follow seasoned traders who stake enormous amounts on social trading.

➨ Sign up with IQ Option for free

(Risk warning: Trading involves risks)

#6 Trade the most popular assets

Assets that are trending are consistently moving in one of three directions: buy, sell, or neutral.

By activating the trends button on the sidebar, you may opt to see these materials.

#7 Use the martingale option strategy

To apply this method, please log in to your IQ Option trading account or create a new account if you are new to trading.

After that, deposit at least $100 into your trading account and start trading with $10. If you wish to anticipate that the asset’s price will climb at expiration, use the up button. To anticipate that the asset price will fall at expiration, click the down button.

Wait for the timer to run out. If you lose after the trade, double your investment. Trade $10 for $20 and click the Buy button instead of $10. (Up). Keep an eye on the timer.

Try again if the forecast was wrong. This time, trade for $40. You will get $75 if your prediction is accurate.

You’ll find that you’ve now recouped your entire position and profited $5. If you keep doing what you’re doing, you’ll be able to trade consistently and profitably.

#8 Diversify your investment portfolio

While focusing on a single asset will help you focus on the price, diversifying your trades will help you ensure profitability.

iq option assets

Simply put, diversification entails buying a variety of assets that are unrelated to one another.

This is a solid strategy because, while some assets will lose, others will benefit. It’s a guaranteed technique assured by many professional traders.

#9 Trade assets with a higher volatility

Volatility is a financial metric that evaluates how volatile assets are valued in the market.

The more an asset’s volatility, the more you’ll notice its price fluctuating.

And this can only suggest one thing: traders are interested in these assets, and there’s a good possibility you’ll profit if you trade during this period.

On the other hand, when volatility is minimal and prices remain stable for an extended period, it becomes difficult to choose a trading direction.

➨ Sign up with IQ Option for free

(Risk warning: Trading involves risks)

#10 Use tools from technical analysis

Profitable trading on trending markets requires correctly predicting asset price behavior on charts. You may do this properly by trading with market news or technical analysis tools.

Technical analysis is a way of projecting market movements based on past price movements.

You can predict which path your asset will follow soon if you use the tool correctly.

iq option tools

Some price kinds have recurring patterns.

You’ll be able to create forecast charts based on construction processes and time intervals if you’ve learned and remembered them.

You have a variety of tools to choose from in the IQ Option.

  • RSI  
  • Awesome oscillator
  • MACD
  • Moving average
  • Bollinger bands
  • Alligator
  • Parabolic SAR  
  • Fractal

By using these analysis tools, you would monitor your trades better and utilize your assets to bring more profit.

#11 Take option trading workshops

Trading seminars are held by the majority of Forex and Options companies on a regular basis.

You can sign up for these seminars, which are frequently accessible, to improve your trading knowledge. Never trade with small sums of money; you will end up losing.

Did you know that a lot of people who earn money trading forex or options don’t start with $10?

It’s because higher trading volumes are more profitable than the lower ones because of their liquidity. Not only that, when you put more on the trade, it leads to better order execution and more profit.

#12 Never overtrade

Are you always in the trade, or do you wait quietly for the most delicate setups before executing your strategy?

This may appear to be a tricky question, but trading too frequently can be a significant issue.

iq option

Overtrading never has a valid justification. Impatience, ego, emotions, false demands, the need to recover previous losses quickly, or the urge to quadruple your account amount soon – all of these factors can push you to leave your plan and turn to gamble.

Understanding that losses are a component of a winning plan can help reduce the amount of money spent on trading. Remember that a successful trader makes 7 victories and 3 losers out of every 10 deals. You’ll have to give up a few.

➨ Sign up with IQ Option for free

(Risk warning: Trading involves risks)

#13 Fight the urge to choose random trades

The most common mistake made by novices to the binary options sector is to pick a few bets entirely out of the hat, just for the thrill of it, with no step-by-step method to guide their decisions.

One might guess accurately 6 to 7 times out of ten to be successful with this medium.

However, they’ll fail in the long term if they rely solely on their intuition.

Always remember to take a step back if you feel you’re gambling. Take the time to go through the tutorials and learn the game’s “dos” and “don’ts.” Train on a trial system until you find a system that allows you to win a high proportion of the time.

You won’t be playing into your broker’s stacked deck if you apply this approach.

Conclusion: IQ Option tips & tricks

The most common complaints you’ll see on binary options websites are about withdrawal requests being disregarded.

The newcomer has typically accepted a substantial sign-up bonus, then lost money, believes he has been cheated, and then requests a withdrawal.

iq option dashboard

Don’t forget that through your trades, the broker intends to get his commission back plus some. Always remember, the favors are inclined more towards the broker.

If you’ve followed all of the steps and still haven’t received your funds, you should question the legitimacy of your binary options broker. Perhaps it’s time for an upgrade.

➨ Sign up with IQ Option for free

(Risk warning: Trading involves risks)

About the author

Percival Knight
I am an experienced Binary Options trader for more than 10 years. Mainly, I trade 60 second-trades at a very high hit rate.

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