Hello…folks in this article I am going to talk about one of the most famous brokers i.e IQ Option.
In this article. I am going to cover How to Trade in IQ Option?, How to invest in IQ Option? or How to use IQ Option?
How to invest in IQ Option?
IQ Option is one of the simplest and trending platform that allows you to trade ie BUY or SELL assets, commodities & more.
You can trade in IQ Option in two ways:
1. Binary Option
What is a Binary Option?
According to Investopedia, Binary Option is a financial product where the parties involved in the transaction are assigned one of two outcomes based on whether the option expires in the money.
Binary Option depends on the outcome of a “YES or NO” proposition, hence the name binary.
Binary Option have expiy date and or time.
At the time of expiry, the price of underlying asset must be on correct side of the strike price for the traders to make profit.
What is Forex?
Forex is the portmanteau of foreign currency and exchange.
Foreign exchange is the process of changing one currency into another currency for variety of reasons usually for commerce, trading or tourism.
Now, Forex market is the market where currencies are traded.
Currencies are important for most people around the world, whether they realise it or not because currencies needs to be exchanged in order to conduct foreign trade and business.
Now, coming to How to invest in IQ Option? or How to Trade in IQ Option?
In order to start your career with IQ Option firstly you need to have an IQ Option account
In case you don’t have an IQ Option account click here.
Once you click on the link given above you will land to the homepage of IQ Option.
Now, you need to fill your Email and Password.
You can also, you a quick method.
Once you are done you will land to the IQ Option dashboard.
How to Trade in IQ Option?
Trading is IQ Option is damn very easy.
Once you have created your IQ Option account now,
You will land to the IQ Option dashboard
Now, you need to select asset.
Suppose, Here I select EUR /AUD.
Now, you need to analyse the market whether EUR/AUD is being dominated by BUYERS or SELLERS.
Now, suppose according to your research and analysis market will be dominated by BUYERS for 5 mins and now you placed a BUY trade for $100 trade for 5 min.
After, 5 mins IQ Option will check whether you were correct or not.
If your prediction is correct you will earn $100 + rate of return.
That’s it!!! This is How you Invest in IQ Option.
I hope you have found this article helpful.
This article was all about How to Trade in IQ Option?, How to invest in IQ Option? or How to use IQ Option?