IQ Option binary trading tutorial for beginners

Note: This material is not intended for viewers from EEA countries. Binary options are not promoted or sold to retail EEA traders.

Do you want to know how to trade Binary Options with the broker IQ Option? – Then you came to the right place. As professional traders, we will show you exactly how this financial instrument is working. In the following article, we provide a step-by-step tutorial for beginners. Read further if you want to know how to place your first trade.

Introduction to IQ Option and Binary Options: 

IQ Option Binary Trading is worth knowing about. First, trading in the financial markets is increasingly becoming one of the most popular ways to invest and trade on the internet all over the world. However, you can trade the markets through different methods, one of which is binary options. Binary options are a method of trading that involves speculating on the future movements of the prices of financial assets.

In practice, with Binary Options, you can place trades on what you believe will be the direction of movement of a financial asset after a specific time. Instruments whose instruments you can speculate on include liquid assets such as:

• Stocks
• Cryptocurrencies
• Commodities
• Currencies
• Bonds
• ETFs

When trading Binary Options, you are not really interested in the underlying assets nor are you in purchasing them to own. You are only interested in the directions their prices will most likely move after a fixed time. If after careful analysis, you believe that the price will go up after say five minutes, you enter a BUY (or CALL) trade and if your analysis tells you your price will go downwards, then you go for a SELL or PUT trade. All of these are done online using any internet-enabled device.

If your prediction turns out outright, you get paid a fixed percentage of the amount you put up. Otherwise, you lose that same amount. Trading binary options you can earn as much as between 75% and 100% in case of correct prediction of whatever you put up as risk capital per trade. In the same vein, however, it is highly risky, and you can lose substantial sums of your capital. However, to be able to trade binary options, you need to be signed up with a Binary Options Broker.

(Risk warning: Your capital might be at risk)

How to trade Binary Options step by step:

In the following tutorial, we show you step-by-step how to trade Binary Options with IQ Option. Go through each step carefully. We recommend using the free demo account first.

1. Signing up with IQ Option

For online trading, you will need an account on the IQ Option platform. The sign-up process is very easy. Just use your email address and a secure password. Then you have to confirm your mobile number. You should verify the account completely in order to deposit and withdraw real money. IQ Option will show you the exact process on the platform.

2. Deposit money or use the demo account

For trading Binary Options you need money. Without money, you can not invest in the financial markets. That should be clear. But you can use the free practice account with virtual money. It imitates real money trading. Every IQ Option account has two accounts:

• Live trading account
• Practise account (demo)

For depositing money the minimum deposit is only $ 10. You can use different methods for this (depending on your country) and there are also no fees (currency conversion fees may apply).

• Credit Cards
• Bank Transfer
• Skrill
• Neteller
• Bitcoin
• And some more e-wallets

3. Making a forecast of the price

For investing in Binary Options you have to do a forecast of the price movement and generate a trading idea. You can use strategies, technical analysis, indicators, or economic news. Will the market go up or down? There are only 2 possibilities.

(Risk warning: Your capital might be at risk)

3. Choose the expiry time

Binary Options can be traded as short-term or long-term options. There is always an expiry time for finishing the trade. If the expiry time is over the trade will be close and the price is the result of the trade. If the trade is over the price has to be above or below your starting point in order to make a profit. Otherwise, you will lose the investment amount.

For example, you can trade Binary Options within a 60 second time period or a 10 day time period. IQ Option offers a lot of different settings:

4. Choose the investment amount

Binary Options trades start from a $ 1 investment amount. It is possible to trade with small amounts and big amounts of money. It is not recommended to use your whole account balance for one trade. Professional traders are commonly using 1 – 3 % of the account balance per trade.

5. Start to trade

Now you can start the trade. It is easy, right? Invest into rising or falling prices. The platform offers you to open the trade with only one click. It is very fast and you can react to price changes immediately.

6. Wait for the result

If you make the right forecast, you can win more than 100% of your investment amount. On the IQ Option platform, the yield is between 70% and 100% (in case of a correct prediction). It is depending on the market and the market situation. The price has to be below or above your entry point. It is possible to win the trade with only 1 point of price change. This can be an advantage or disadvantage.

Another option is to close the trade before the expiry time. Here you will not lose the whole investment amount and only a part of it. That’s it! Now you know how to trade Binary Options with IQ Option.

(Risk warning: Your capital might be at risk)

Bogus Promises

One common trait of unscrupulous brokers is that they make bogus claims and heavy promises as to what traders get to enjoy if they trade with them. If a broker makes promises such as risk-free trades, over 100% payout rates, amongst others, they are probably not real. In choosing a Binary Options Broker of your choice, we recommend you diligently do your research seeing to answer questions like:

• What services does the broker offer?
• Is the broker credible?
• What are its ratings?

One broker that fits all these requirements is IQ Option.

Binary Trading with IQ Option: The offers

IQ Option is a comprehensive derivatives broker with stellar services covering forex, stocks, CFDs, and of course, Binary Options. The broker boasts of over million registered traders that make use of its trading platforms. With access to over 300 assets, these traders execute close to 300,000 trades on a daily basis.

Registration

Before you start trading, you have to get signed up with a broker. The steps you have to take to sign up vary considerably across brokers. With IQ Option, you can download the mobile application from your app store and get to sign up from there. The sign-up options include:

• The Registration Form

Either through the IQ Option website or via their mobile apps, you can access a registration form with which you can get to sign up. The registration form in this case is quite a simple one, and will only require your email address and a password. After entering this, you click the green button with the inscription, “Create Account.”

• Social Media Account

Usually, you also find the option to sign up using your social media accounts – options include Google and Facebook.

IQ Option login and start trading

Upon signing up, you will have to access your account some other time, thus needing you to login. The methods of logging into your IQ Option binary trading account differ but are quite similar to the method you used in signing up. They include:

• Manual Filling-in

This follows the same “Registration Form” method you find above. It typically only requests you to enter the email and password you had used to sign up.

• Social Media Account

Alternatively, if you had made use of a social media account when signing up to the platform, you can as well make use of that option.

IQ Option Binary Trading App

The trading app is one of the trading platforms through which you can get to access IQ Option brokerage services. IQ Option listed its mobile app on both the Google Play Store and the Apple Store (for Android and iOS-powered devices). The app possesses some really good features that make it stand out amongst binary options trading mobile applications that you can come across.

• Reviews and Ratings

When you go to download your broker’s trading app on either Google Play Store or Apple App Store, you find an app rating, a number out of a total of 5.0. This number represents the perception of existing users about the app. A high rating probably means that the app is a good one and is worth it. We recommend that your app of choice have a rating of 4.0 and above.

If you check both app stores, you will discover that IQ Option passes this test. It boasts over 4.0 ratings in both stores.

• Updates

IQ Option is known for getting frequent updates that fix issues and introduce new features.

• User Interface

Although this is not so important, it is recommended that your binary options trading app have a good user design and interface. The trading process involves a lot of psychological prowess and it is important that the platform upon which you perform your analysis provide a good user experience. The IQ Option trading app has a really good interface.

• Support for Advanced Trading

Trading is becoming more sophisticated. You can now make use of advanced trading bots and algorithms to make trading decisions and execute trades without being physically involved. Although there are still many issues associated with the use of automated trading, it has come to stay. It is, therefore, recommended that your trading app makes it possible to integrate such advanced tools into your trading.

But please note: IQ Option does not support the use of robots.

• Popularity and Widespread Usage

If a binary options trading app seems to be used by a large number of people, it probably translates to the fact that such an app is worth using. How do you get to know if a binary options trading app is popularly used? One way to discover this is to go to your app store to check the number of downloads that the app has had.

Well, IQ Option has done pretty well in this case. It is used by millions of traders globally.

Conclusion on IQ Option binary trading

IQ Option is one of the best brokers that you can use. With amazing features, it makes binary trading seamless and great. Binary Options trading sounds very easy at first but you need a professional trading strategy and knowledge about the markets in order to make a profit. Keep in mind that trading binary options can result in loss of all of your funds

(Risk warning: Your capital might be at risk)

General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to loose.

FAQ – The most asked questions about IQ Option binary trading :

General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

Last Updated on January 4, 2024 by Arkady Müller