Over trading and trading with emotions on IQ Option will get you in trouble every time. Don't get too greedy when you're on a winning streak. Don't try to get revenge after losing an important trade. Use strategies based on clear thinking or the result will cost you money.
When trading, begin small and grow your account as you're seeing gains. Investing too heavily in the beginning, can only lead to financial misfortune and long term dissatisfaction. Remain cautious, especially early on and never continue to pour money into an account if all you're finding is a losing game.
Having an analytical mind is a great way to succeed in IQ Option, and luckily you can train yourself to think more systematically and logically about the market. Take your time to go over the numbers. You will need to devise charts and study how currency pairs interact with one another. It's a new skill-set for most, but it is what the market requires of you.
Trading against trends can be a mistake, unless you're in it for the long haul. The main forces of market momentum can become very obvious quickly, and should be paid close attention to. Not doing so has ruined more than one trading career.
You should only trade with IQ Option if this is something you really want to do. Going after IQ Option as an easy career opportunity or because you desperately need the money will make you one of the 85% of investors who go broke. You should trade with IQ Option because it's something you truly want to do and for no other reason.
Avoid vengeance trading after a loss. It is extremely important to stay level headed whenever you are dealing with the IQ Option market.
Watch out for the political factors in your IQ Option analysis. You can rather easily predict the financial situation of a country over the long term, but the political world is unpredictable. If you believe there is a strong risk of political unrest in a country, do not trade in this currency.
Know your IQ Option markets. The first market to open is the Australasia area, then Europe and finally, North America. Quite often a market's trading time will overlap with another one, making this the most active trading period. During the trading week, there is always a market open, where you will be able to make a currency trade.
A good IQ Option trading tip is to not trade within time frames that are too short, such as fifteen minutes. Trading within a short cycle can be way too much and luck is definitely a factor. It's better to trade within a moderate time frame such as four hours or longer.
When developing your IQ Option trading strategy it is essential that you take your own motivations and temperament into consideration. If you are naturally a patient person you will have a different strategy than if you are a risk-taking aggressive person. Paying attention to your temperament can help you choose a strategy that works for you.
Gear your trading systems and strategies to the current market trends. There is no perfect strategy that gets results in any market. A trading stratgy that performs well in an upward-trending market may not be the right system to use in a downward-trending market. Read your market indicators, and make sure to go with a strategy that works with the trend.
Decide how much money you want to trade and stick to it. When you sign up with a IQ Option broker, choose a set amount of money you are willing to try this risk. If you are just starting out, be prepared to lose all of it as part of the cost of your IQ Option training and battle scars, and make sure it's money you can afford to lose.
Remember these tips and tricks when you approach IQ Option, to make some money. While it is true that you do not need to be educated formally on finance, you still need to understand how this particular market works and how you can capitalize from it, if you hope to achieve long-term success with trading.