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Showing posts with label forex. Show all posts
Showing posts with label forex. Show all posts
WHAT IS FOREX AND HOW TO GET BETTER AT FOREX TRADING
What is Forex?
There is a lot of talk about Forex in financial circles, but it has also infiltrated into the mainstream discussion in the past few years. In simple terms, Forex is a way of referring to the foreign exchange market, where various currencies are traded.
Currencies have a huge role not only in individual economies, but in how the world economy trends in a given way. The Forex market offers an opportunity for individuals to trade currencies and take advantage of varying exchange rates.
Forex Trading
It is very tempting to get straight into the process of trading Forex. People want to make money and they believe that it can be done in a very easy way, so many computer programs are advertised as being the key to making a lot of money in the Forex market. There is no software that guarantees you making a lot of money, fast.
Instead, make sure that you learn trading Forex and understand the markets by taking an educational course, or be mentored by someone experienced, and trade a demo account until you see yourself become profitable. Once you have developed the confidence in your trading strategy, learn, start trading real money.
But remember be patience and disciplined because real money trading is totally different than Demo trading and much harder psychologically.
No Central Marketplace
Why is Forex unique when compared to other markets? Because there is no central marketplace. So long as there is a market open in some part of the world, Forex is tradable. Moreover, trades take place between individuals or entities, which means that no central marketplace is required to make a Forex trade happen.
Say you have bought a certain amount of American dollars. Now you want to trade them for Euros. The only way such a trade will happen is when you get a reasonable offer for your Dollars from someone who has Euros. Then you will exchange the currency and the trade will be complete. Such a process is typically done through computers, which is why the market is open 24 hours a day, five days of the week.
Getting Better at Forex Trading
If you are committed to making money in the Forex market, you will want to use every advantage that is available to you. The best way to improve your Forex trading is by to be mentored by a professional trader. This will cut the roads and give you a shortcut to your success. Mentoring allows the professional trader to guide your through everything and ensures your success in the shortest time possible.
Another way to make money is by subscribing to a copy trading service. You may be wondering how such a service works. It is rather simple. You will get an account with a reputable Forex broker. Once you fund your account, the trades are done on your behalf through a copy trading service or signals from an experienced Forex trader, ensuring that you always maximize the potential of the market.
People who want to trade Forex should understand that it is not some type of get rich quick scheme. It requires a lot of work if you are trading on your own. Even with a managed account, you must be prepared to wait for a long time before you make sizable profits.
Article Source: https://EzineArticles.com/expert/Edmund_Brunetti/456890
There is a lot of talk about Forex in financial circles, but it has also infiltrated into the mainstream discussion in the past few years. In simple terms, Forex is a way of referring to the foreign exchange market, where various currencies are traded.
Currencies have a huge role not only in individual economies, but in how the world economy trends in a given way. The Forex market offers an opportunity for individuals to trade currencies and take advantage of varying exchange rates.
Forex Trading
It is very tempting to get straight into the process of trading Forex. People want to make money and they believe that it can be done in a very easy way, so many computer programs are advertised as being the key to making a lot of money in the Forex market. There is no software that guarantees you making a lot of money, fast.
Instead, make sure that you learn trading Forex and understand the markets by taking an educational course, or be mentored by someone experienced, and trade a demo account until you see yourself become profitable. Once you have developed the confidence in your trading strategy, learn, start trading real money.
But remember be patience and disciplined because real money trading is totally different than Demo trading and much harder psychologically.
No Central Marketplace
Why is Forex unique when compared to other markets? Because there is no central marketplace. So long as there is a market open in some part of the world, Forex is tradable. Moreover, trades take place between individuals or entities, which means that no central marketplace is required to make a Forex trade happen.
Say you have bought a certain amount of American dollars. Now you want to trade them for Euros. The only way such a trade will happen is when you get a reasonable offer for your Dollars from someone who has Euros. Then you will exchange the currency and the trade will be complete. Such a process is typically done through computers, which is why the market is open 24 hours a day, five days of the week.
Getting Better at Forex Trading
If you are committed to making money in the Forex market, you will want to use every advantage that is available to you. The best way to improve your Forex trading is by to be mentored by a professional trader. This will cut the roads and give you a shortcut to your success. Mentoring allows the professional trader to guide your through everything and ensures your success in the shortest time possible.
Another way to make money is by subscribing to a copy trading service. You may be wondering how such a service works. It is rather simple. You will get an account with a reputable Forex broker. Once you fund your account, the trades are done on your behalf through a copy trading service or signals from an experienced Forex trader, ensuring that you always maximize the potential of the market.
People who want to trade Forex should understand that it is not some type of get rich quick scheme. It requires a lot of work if you are trading on your own. Even with a managed account, you must be prepared to wait for a long time before you make sizable profits.
Article Source: https://EzineArticles.com/expert/Edmund_Brunetti/456890
BEST TIPS TO MAKE MONEY IN FOREX TRADING
Focus, discipline and practice are the main factors that are essential to earn heaps of profit in Forex Trading. Emotions play a vital role in the life of humans and these emotions can lead traders to huge losses. Emotions like anxiety, fear or greed can easily divert the attention, so the traders need to learn to deal with the emotions calmly and casually. Handling their own emotions in pressurized situations makes them "Ace" in Forex Trading. There are some main points which every Forex trader should exercise to become profitable.
Trading Styles and strategies
When you enter the world of Forex Trading, you should choose wisely the trading strategies and style and stick with it. Traders can choose from a wide range of strategies and styles. Every trader has different goals and aims. So each trader should select the trading style according to his own goals. For example, some traders can only indulge in day trading if they do not want to be a position trader for long term investments.
Trading platform and Brokers
You should wisely choose a trustworthy broker to invest your capital and do proper research before selecting the broker. A huge number of brokers are there to help the traders, you need to decide which broker will provide best services to achieve your goals. Same is the case with trading Platform. A trustworthy broker with a reliable platform leads to profit in Forex Trading.
Decision Making
After selecting the broker and the platform for trade, you need to decide how and when you will buy or sell currencies. You need to have the basic knowledge of entering and exiting trade. Similarly you need to research to decide which currencies pair to deal and which analysis type you are going to use. Some traders rely only on Technical Analysis and some purely on Fundamental. Which every method of analysis you choose you must be consistent with it. Experiment with different pairs of currencies can grow your exposure as well. A consistent methodology of trade can support the traders to keep up and handle the constantly transforming dynamics of financial market.
Entry and Exit points
Traders can be stressed about when to enter or exit. Sometimes the conflicting ideas on weekly chart and intraday chart make them anxious. Similarly a minor mistake or an untimely decision regarding the buying or selling can result in huge loss. So before trade, You need to observe and analyze both the weekly chart and the daily chart. Decision making on the basis of only one of them cannot do any good to you.
Capital at Hand
Mostly traders incur losses because they did not have sufficient capital at the moment of grabbing the profitable opportunity. They miss the chance and then regret afterwards. Therefore you should always have sufficient capital at hand.
Losses
Lastly you need to keep in mind that humans are bound to commit mistakes and mistake in Forex trading means loss. So you should be well prepared for the chance of loss as well.
The factors mentioned above can guide you but only disciple and practice can make you a refined trader. Article Source: http://EzineArticles.com/10281841
Trading Styles and strategies
When you enter the world of Forex Trading, you should choose wisely the trading strategies and style and stick with it. Traders can choose from a wide range of strategies and styles. Every trader has different goals and aims. So each trader should select the trading style according to his own goals. For example, some traders can only indulge in day trading if they do not want to be a position trader for long term investments.
Trading platform and Brokers
You should wisely choose a trustworthy broker to invest your capital and do proper research before selecting the broker. A huge number of brokers are there to help the traders, you need to decide which broker will provide best services to achieve your goals. Same is the case with trading Platform. A trustworthy broker with a reliable platform leads to profit in Forex Trading.
Decision Making
After selecting the broker and the platform for trade, you need to decide how and when you will buy or sell currencies. You need to have the basic knowledge of entering and exiting trade. Similarly you need to research to decide which currencies pair to deal and which analysis type you are going to use. Some traders rely only on Technical Analysis and some purely on Fundamental. Which every method of analysis you choose you must be consistent with it. Experiment with different pairs of currencies can grow your exposure as well. A consistent methodology of trade can support the traders to keep up and handle the constantly transforming dynamics of financial market.
Entry and Exit points
Traders can be stressed about when to enter or exit. Sometimes the conflicting ideas on weekly chart and intraday chart make them anxious. Similarly a minor mistake or an untimely decision regarding the buying or selling can result in huge loss. So before trade, You need to observe and analyze both the weekly chart and the daily chart. Decision making on the basis of only one of them cannot do any good to you.
Capital at Hand
Mostly traders incur losses because they did not have sufficient capital at the moment of grabbing the profitable opportunity. They miss the chance and then regret afterwards. Therefore you should always have sufficient capital at hand.
Losses
Lastly you need to keep in mind that humans are bound to commit mistakes and mistake in Forex trading means loss. So you should be well prepared for the chance of loss as well.
The factors mentioned above can guide you but only disciple and practice can make you a refined trader. Article Source: http://EzineArticles.com/10281841
5 FOREX TRADING HABITS THAT LOWER YOUR RISK EXPOSURE
In trading, it is very easy to get lost in the game. You get on your trading platform, try to get some pips, and in the process, you usually forget the most basic risk management practices.
Here are five common habits that might help in limiting your risk exposure.
1. Double, triple, even quadruple-check your orders
Electronic trading has made it very easy for traders to execute trades. However, because of the ease and simplicity of electronic online trading, the chances of erroneous commands also rise significantly.
Having a well-thought-out trading plan would be useless if you do not correctly input your orders.
In May 2010, the financial market experienced a huge crash due to a “fat finger” event.
A trader in a large trading firm mistakenly sold $16 billion worth of future contracts instead of just $16 million.
Other traders who saw the order thought that something big was about to happen, so they sold too.
This resulted in a collective intra-day drop of $1 trillion in the U.S. equity market. Needless to say, the trading firm, as well as those holding on to stocks, lost a lot of money.
Double, triple, even quadruple-checking your order is very important in avoiding costly and unnecessary blunders.
Make reviewing your commands part of your routine. It will just take a couple of seconds of your time!
2. Always have a trading plan
You’d think that all traders would have a trading plan by now. I have talked about having a trade plan many times in my previous blog posts. Unfortunately, a lot of traders still trade impulsively. There are traders who trade completely on emotion and irrationally get into trades without thinking it through. At the very least, you should have a plan on where to enter or exit your positions. By doing so, you limit disastrous emotional reactions to adverse price movements.
3. Take profit on your winning trades
Another commonly overlooked risk management practice is taking some of your profits off the table while the price action is still in your favor. I know it’s tempting to ride a trend with a full position all the way to your profit target, but taking off a part of your position limits your exposure to potential volatility. After all, the saying “The trend is your friend… until it ends” didn’t come from nothing, did it? Let’s take the STA strategy or any other scaling technique for example. Let’s say your trading plan calls for adding to your original position and moving your stop loss after a certain number of pips. If you take some off of your position midway, you may at least end up with a small win even if that trend suddenly reverses on you.
4. Take a step back from trading
Do you feel like you’re in a trading rut? Are your fundamental and technical analyses off more often that you’d like to admit? If you said “yes” to these questions, then you probably just need to take a little time off from trading.
What’s good about staying away from the markets completely is that you’re not emotionally invested in any position.
This usually allows you to reset and see market themes and chart patterns from a renewed point of view. And sometimes, a break will help you realize what you did wrong in your last couple of trades. So take a step back, try to resist the lure of pip-making for a while, and you’ll most likely come back with a refreshed mind and a new and improved trading plan.
5. Withdraw your money regularly
While turning a couple of thousand bucks to a multi-gazillion trading account is a big confidence booster in trading, it’s still advisable to withdraw some of your money regularly. For one, additional capital usually exposes you to impulsive decisions like trading with larger positions or over-trading. Unless your trading goal calls for increasing your position sizes or your number of trades, withdrawing some of your money is one of your best bets at limiting risk. Besides, haven’t I told you often enough that being consistently profitable requires your focus on the process and not on profits? Take some of your moolah from time to time; take a vacation with your partner or your friends; buy something fancy for yourself, and enjoy the hard-earned fruits of your labor.
8 MISTAKES TO AVOID IN FOREX TRADING
It's exciting to trade in the FX market, especially if you have access to the Internet. All you need to do is open your trading account to get started in the biggest financial market of the globe. However, if you commit the following common mistakes, you may find it difficult to achieve success. Read on to find out about some common mistakes that you may want to avoid.
Extreme Leverage
In the FX market, leverage may be as high as 1:500. While it allows you to trade a lot of money with the hope of huge profits, it also comes with a risk of huge losses. Therefore, it's not a good idea to use extreme leverage or you may end up suffering from huge losses.
Over Trading
If you want to grab a lot of opportunities with extreme leverage, you will be more likely to make mistakes. This may cause loss in the end. In fact, over trading may cause improperly executed trades. You don't have much time to react when the trade losses continue to go up.
No Trading Plan
It's important to have a trading plan for success in the world of Forex trading. If you follow the plan, it can help you control the risk.
Relying on Automated Trading Apps
Often, beginners look for software to predict future trends. You can find a lot of software that claim to make predictions for you. The fact of the matter is that this software can hardly help you predict the future.
Not Following the Trend
It's important to keep in mind that short-term movements are random by nature. Therefore, they are the indication of the overall trend. Therefore, attempting to follow a short-term movement for a long-term is not a good idea. So, what you need to do is allow momentum to be your guide in Forex trading.
Trading with Zero Experience
If you want to be a successful trader, you may want to improve your trading skills. To get started, you can use a demo account practice. This practice account will help you get familiar with the world of Forex trading.
Emotional Trading
Another common mistake is called emotional trading. If you trade emotionally, you can end up making wrong decisions. This is one of the many reasons why people lose money while trading currencies. If you have a plan in place, you can control your emotions and focus on your goals.
Lack of Discipline and Patience
Sometimes, traders follow impulse trade and don't allow the setup to establish. If you predict trades like this, your attention will be diverted from a set trading plan or strategy. No matter how profitable your strategy may be, you can't earn a profit unless you follow discipline. If you be patient and follow discipline, you can enjoy lucrative trades.
Conclusion
Apart from these factors, there can be a lot of other factors that may prevent you from gaining success as a trader. Therefore, it's important that you avoid these common mistakes and get more knowledge.
If you want to achieve success in the world of Forex trading, we suggest that you check out SA Shares for more information.
BEGINNERS GUIDE TO IQ OPTION: COMPLETE REVIEW PART 3
IQ Option Affiliate Program
IQOption offers an affiliate program for those who want to supplement their income by encouraging others to sign up to use the platform. When you become an affiliate, you simply share your affiliate link, whether this is on a website, blog, or somewhere else. From there, a user will click the ad or link. When they sign up, it will be associated with your unique ID.
Your rewards arrive when the users you encourage to sign up start
trading on IQ Option. Based on the trading activity of the client, you can earn
as much as 70 percent of the broker’s profit. This continues for life, allowing
for passive income opportunities. The earnings are paid out two times every
month, and you can choose your preferred payment method. To date, IQ Option has
115,410 affiliates in 178 countries. On the day of writing, IQ Option
affiliates had already earned $35,015.50 just that day alone. You can view
up-to-date figures on the countries, customers, affiliates, and amount earned
by affiliates for the day on the IQ Option affiliate page.
The IQ Option affiliate program does not allow for a negative balance,
as there are no deductions from your profit, only profits. There is also
cross-platform support with options for mobile and web, multilanguage support,
and universal links. The program even provides analytics, complete with reports
that include data filters.
In addition to the regular affiliate program, IQ Option offers an IQ
Option CPA program, which it advertises as among “the most lucrative” programs
of its type within the industry. Qualified traders can receive payments between
$35 and $1,200. As with the regular affiliate program, the CPA program receives
payments twice each month and gets useful data. There is also a convenient
calculator to determine approximate income from CPA program affiliates.
History of IQ Option in Numbers
As mentioned, IQ Option was founded in 2013. Since then, the broker has grown considerably and includes specific figures on its website to help show its growth. Starting with the number of active users, there were 8,110,000 registered users in 2015, which had nearly doubled to 14,680,000 by 2016 and reached 25,580,000 in 2017. This represents registered user growth of a whopping 17 million just between 2015 and 2017.
As mentioned, IQ Option was founded in 2013. Since then, the broker has grown considerably and includes specific figures on its website to help show its growth. Starting with the number of active users, there were 8,110,000 registered users in 2015, which had nearly doubled to 14,680,000 by 2016 and reached 25,580,000 in 2017. This represents registered user growth of a whopping 17 million just between 2015 and 2017.
Not only did IQ Option have an expansive growth in active users, but the
countries that these traders were from increased. In 2014, IQ Option had
traders in 135 countries, growing to 148 countries in 2015, 150 in 2016, and
151 in 2017.
IQ Option also lists the figures related to trades throughout the years.
Between 2013 and 2014, the number of daily transactions increased by nearly 70
times. Between 2015 and 2017, this figure grew another 2.5 times. For those interested
in specifics, 2015 had an average of 646,000 transactions each day, which
increased to 956,000 by 2016 and 1.8 million by 2017.
Or you can look at the figures representing growth in terms of trading
volume per month.
Between and 2017, this figure increased by about 23 times. In
2014, the figure was $16 million, which became $89 million, an increase of 5.5
times in just a year. By 2016, this was $184 million, more than doubling in
just a year. Between 2016 and 2017, the monthly trade volume increased to a
whopping $380 million. This means that for two consecutive years, IQ Option
doubled its monthly trading volume.
That trading volume does not all stay inside the platform. Instead,
there is also an increase in the amount that traders withdraw from the platform
each year, showing that the active users are truly earning money. In 2015,
traders withdrew $1.5 million per month, which became $5.8 million in 2016 and
$10.8 million in 2017. In other words, 2017 saw 1.8 times more money withdrawn
by traders from IQ Option compared to the previous year.
It is also worth noting that these withdrawals have increased in speed.
In 2016, IQ Option made changes to offer instant withdrawals. This allowed for
68 percent of withdrawal requests to be processed immediately. Now, the average
time for processing a withdrawal from IQ Option is just one day. The order
processing has similarly improved, now averaging just a second.
IQ Option also offers indications of how its customer support has
improved over the years. When chat support began in 2014, there was an average
wait of 7 minutes for a reply in chat, which decreased to 4 minutes in 2015, 46
seconds in 2016, and 38 seconds in 2017. On a similar note, the amount of time
it took to answer a ticket decreased from two hours in 2015 to 24 minutes in
2016 to just 16 minutes in 2017. Some of this is also due to the growth of the
support team, which only had 25 members in 2015 but grew to 39 members in 2016
and 78 in 2017.
The number of affiliates has also grown from 3,000 in 2014 to 84,000 in
2017. This included 21,000 affiliates in 2015 and 48,000 in 2016. Along with
the growth of affiliates, those affiliates have consistently earned more every
year. Affiliates earned $200,000 monthly in 2014, $810,000 in 2015, $2.3
million in 2016, and an impressive $4.6 million in 2017.
IQ Option Award
Over the years, IQ Option has accumulated an extensive list of awards,
each of which shows off one of the platform’s strengths. The Academy of
Interactive & Visual Arts honored IQ Option with the 2017 Award of
Excellence, which is the highest honor from the Communicator Awards. IQ Option
was recognized by the voting committee as the top trading app in the Financial
category.
In 2016, IQ Option earned the Rising Star award for “The intelligent
trading app for binary options” from the Mobile Star Awards, the largest annual
awards program worldwide for mobile software and innovations. The organization
praised IQ Option for its design and efficiency.
The Web Marketing Association honored IQ Option with the Best Technology
Application in 2016 for the company’s mobile application.
IQ Option also earned the Century International Quality Gold ERA Award
from the Business Initiative Directions Group as recognition for the company’s
commitment to Excellence and Quality, especially within Customer Satisfaction.
Going back a bit further to 2015, IQ Option earned the title of Best
Binary Options Broker Europe 2015 from the Global Banking & Finance Review.
The broker also earned the title of Most Innovative Binary Option Platform from
the IFM Awards in 2015, as well as the Best Mobile Trading Platform in the same
awards.
Global Brands Magazine, which is a reputable brand observer in Britain,
honored IQ Option with the title of Fastest Growing Binary Option Brand. In the
Forex Awards 2014, IQ Option was named the Best Trading Platform. Also in 2014,
the MasterForex-V awarded IQ Option as the World’s Leading Binary Options
Broker and the Most Reliable Binary Options Broker.
The FX Report Awards named IQ Option the Best Binary Options Broker in
2014. In 2013, the same year IQ Option was founded, the company earned the
title of Most Innovative Binary Option Broker from Moscow’s ShowFx World
conference. At the IAIR Awards, IQ Option earned multiple awards, including the
Best Binary Options Broker and the Best Binary Options Broker/Trading Application.
IQ Option Jurisdictions, Languages, and
Countries
IQ Option has clients from 151 different countries. The platform and
website are currently available in 13 languages, allowing traders from around
the world to trade in a language they are comfortable with. For further
international appeal, IQ Option lets traders select from one of the following
currencies for funding: GBP, EUR, USD, Yuan, MYR, IDR, and RUB.
IQ Option is owned and operated by a company within the European Union.
As such, IQ Option has a license from CySec, the Cyprus Securities and Exchange
Commission. To receive that license, IQ Option met, and must continue to meet,
minimum requirements related to marketing restrictions, client funds, and
trading products. The registration in Cyprus as a financial services provider
has number 247/14, giving IQ Option the ability to take on European clients,
who then receive full CySec protections.
Due to CySec regulations, all client funds must be stored in segregated
accounts that IQ Option cannot access for its own brokerage business. CySec
regulators also offer a level of deposit insurance, which protects a certain
level of all investments made with IQ Option if something happens to the
broker.
IQ Option USA
Unfortunately, IQ Option is not available to traders in the United
States. The broker is available in 178 countries around the world, but the
United States has stricter restrictions and regulations, meaning American
traders cannot use the broker. Other countries that you cannot use IQ Option in
include Canada, Russia, Australia, France, Japan, Belgium, Turkey, Israel,
Iran, Syria, and Sudan.
IQ Option Customer Support
IQ Option allows users to contact the support team via
email, contact form and a chat function. The site claims to respond to all
queries within 46 seconds and aims to resolve all tickets within 24 minutes.
There are currently around 83 customer service specialists on the team and
traders who require a more personalized service can upgrade to the VIP account
which comes with a personal account manager.
IQ Option retains an international focus and aims to cater to traders
from around the world. The platform offers the possibility to trade in a
variety of different currencies such as USD, GBP, EUR, Yuan, RUB, TRY, IDR and
MYR. In addition to this the site also provides support in languages such as
English, French, Italian, Spanish, Portuguese, Chinese, Korean, Arabic,
German, Turkish, Thai, Hindi, Urdu and Norwegian.
However, due to a variety of different regulations, the site does not
provide its services to citizen or residents of the United States of America,
Australia, Canada, Belgium, Israel, Palestine, Japan, Sudan, Syria, Iran, North
Korea or Russian Federation.
IQ Option also adheres to the required standards of identification and
users should note that when they register for a trading account they must
provide their personal data and verify their email address and telephone
contact number. Potential users who are unable to do this will be unable to
complete their account registration
·
Also after funding your account, you
will be asked to provide further personal information in order to complete your
account verification. IQ Option will expect to receive copies of identification
documents such as:
- Passport or National ID Card issued by a Government Authority
- Proof of Address in the form of a Utility Bill or Bank Statement is required from EU residents.
IQ Option Customer Reviews
Most online reviews from customers of IQ Option are positive, but there is the occasional negative review, as should be expected. Some complaints relate to the fact that IQ Option requires KYC procedures to verify your identity before you withdraw funds. However, these procedures are normal for any broker dealing with fiat currency, and even many cryptocurrency exchanges require KYC procedures.
Some users also indicate that withdrawing funds can be challenging at times with the occasional issue related to having an account blocked. However, this does seem straightforward to resolve and may come down to KYC issues; the reviews are not clear on the cause.
Those reviews that indicate complaints against IQ Option are regularly interspersed with positive reviews. It also seems that many of the negative reviews posted online are not actually from customers. Instead, they are from people who claim to have had issues as a way to promote another service. When you look at online reviews from people who claim to be customers of IQ Option, remember to take them with a grain of salt since many are clearly from competitors or people with ulterior motives.
When read with a critical eye, the overall trend of seemingly valid reviews of IQ Option from customers seems to be neutral to positive.
Is IQ Option a Scam?
While carrying out this review and researching other people’s opinions online, we found a number of complaints from people calling the site a scam. Some reasons mentioned are that they disabled a person’s account which didn’t allow them to withdraw their balance and a lot of disgruntled people who seem to have lost money trading on the platform.
But we also found overwhelming number of positive comments about the company which seems to point that the few who have had problems with them are the more vocal people online.
In our view there is absolutely no way this company can be considered a scam, the company is a tightly regulated business with a high revenue turnover, official business premises and high quality website and trading software.
Is IQ Option Safe?
In addition to practices such as maintaining segregated accounts for client funds, IQ Option offers security in several other ways. Unsurprisingly, the broker has full SSL encryption. As such, all communication that traders send to the broker’s servers is encrypted in a way that meets AES 256 Bit encryption standards. That encryption limits the ability of hackers to access information, letting IQ Option supply added protection of both client funds and information.
Conclusion
IQ Option is an impressive platform that provides its users with a great amount of value. The site merges a good level of transparency and functionality and users can be comfortable knowing that the platform is in keeping with the latest financial regulations.
Trading on the site is generally quite a smooth experience and the platform utilizes an intuitive UI that is easy to navigate. The platform and trading application is functional enough for professional traders whilst also being simplistic enough to allow new entrants to painlessly learn the trading process.
IQ Option is a company on the rise and has grown to managing almost 15 million accounts and processing 3 million trades per day. The site also enjoys a trading volume of $11 billion a month and pays out approximately $5.7 million to its users on a monthly basis.
The site does have its drawbacks, and users who require extensive interaction with a customer service agent may be unfulfilled by the two account levels. In order to be in consistent communication with a personalized account manager traders are expected to pay a $3000 fee which may be too restrictive for some. The site is also proving to be popular with traders around the world and despite IQ Option devoting time and energy to developing its customer service, there is the possibility that users may have to wait for more than 24 minutes in order to have their queries processed.
Finally, IQ Option is not available to the residents of countries such as the United States, Canada, and Japan. These nations are home to large numbers of financial literate individuals and the platform would be better off with their presence. However, IQ Option still caters to traders from over 178 countries and provides a comprehensive service to all its users. The platform caters to stock, Forex, and cryptocurrency traders and individuals who sign up can be sure to interact with an intuitive platform that provides access to a wealth of resources, and trading options.
Risk Warning: As always with trading, you should know the risks before hand – these are volatile markets where it is completely possible to lose large sums of money if you do not know what you are doing. Make sure to do your research, learn the platform inside out and never risk more money than you can afford to lose.
Most online reviews from customers of IQ Option are positive, but there is the occasional negative review, as should be expected. Some complaints relate to the fact that IQ Option requires KYC procedures to verify your identity before you withdraw funds. However, these procedures are normal for any broker dealing with fiat currency, and even many cryptocurrency exchanges require KYC procedures.
Some users also indicate that withdrawing funds can be challenging at times with the occasional issue related to having an account blocked. However, this does seem straightforward to resolve and may come down to KYC issues; the reviews are not clear on the cause.
Those reviews that indicate complaints against IQ Option are regularly interspersed with positive reviews. It also seems that many of the negative reviews posted online are not actually from customers. Instead, they are from people who claim to have had issues as a way to promote another service. When you look at online reviews from people who claim to be customers of IQ Option, remember to take them with a grain of salt since many are clearly from competitors or people with ulterior motives.
When read with a critical eye, the overall trend of seemingly valid reviews of IQ Option from customers seems to be neutral to positive.
Is IQ Option a Scam?
While carrying out this review and researching other people’s opinions online, we found a number of complaints from people calling the site a scam. Some reasons mentioned are that they disabled a person’s account which didn’t allow them to withdraw their balance and a lot of disgruntled people who seem to have lost money trading on the platform.
But we also found overwhelming number of positive comments about the company which seems to point that the few who have had problems with them are the more vocal people online.
In our view there is absolutely no way this company can be considered a scam, the company is a tightly regulated business with a high revenue turnover, official business premises and high quality website and trading software.
Is IQ Option Safe?
In addition to practices such as maintaining segregated accounts for client funds, IQ Option offers security in several other ways. Unsurprisingly, the broker has full SSL encryption. As such, all communication that traders send to the broker’s servers is encrypted in a way that meets AES 256 Bit encryption standards. That encryption limits the ability of hackers to access information, letting IQ Option supply added protection of both client funds and information.
Conclusion
IQ Option is an impressive platform that provides its users with a great amount of value. The site merges a good level of transparency and functionality and users can be comfortable knowing that the platform is in keeping with the latest financial regulations.
Trading on the site is generally quite a smooth experience and the platform utilizes an intuitive UI that is easy to navigate. The platform and trading application is functional enough for professional traders whilst also being simplistic enough to allow new entrants to painlessly learn the trading process.
IQ Option is a company on the rise and has grown to managing almost 15 million accounts and processing 3 million trades per day. The site also enjoys a trading volume of $11 billion a month and pays out approximately $5.7 million to its users on a monthly basis.
The site does have its drawbacks, and users who require extensive interaction with a customer service agent may be unfulfilled by the two account levels. In order to be in consistent communication with a personalized account manager traders are expected to pay a $3000 fee which may be too restrictive for some. The site is also proving to be popular with traders around the world and despite IQ Option devoting time and energy to developing its customer service, there is the possibility that users may have to wait for more than 24 minutes in order to have their queries processed.
Finally, IQ Option is not available to the residents of countries such as the United States, Canada, and Japan. These nations are home to large numbers of financial literate individuals and the platform would be better off with their presence. However, IQ Option still caters to traders from over 178 countries and provides a comprehensive service to all its users. The platform caters to stock, Forex, and cryptocurrency traders and individuals who sign up can be sure to interact with an intuitive platform that provides access to a wealth of resources, and trading options.
Risk Warning: As always with trading, you should know the risks before hand – these are volatile markets where it is completely possible to lose large sums of money if you do not know what you are doing. Make sure to do your research, learn the platform inside out and never risk more money than you can afford to lose.
Article Source: https://blockonomi.com/iqoption-review/
BEGINNERS GUIDE TO IQ OPTION: COMPLETE REVIEW PART 2
How to Trade on IQ Option
Trading on IQ Option is relatively intuitive and the trading platform is very well designed. You will see the chart is in the center with buy and sell boxes to the right hand side. Your balance is displayed at the top along with any assets you are currently trading.
You can use the drop down located at the top left of the chart area to
choose which instrument to trade. The drop down contains FX Options, Forex,
Stocks, Crypto, Commodities, Indices and ETFs and from that you can then select
or search for your chosen asset.
You trade right from the Web Trader’s interface. To the right of the graph for your chosen asset, you will see options to buy and sell. You simply fill out the amount of the asset you wish to purchase and submit your order.
You can also place an order easily via the mobile application, and the overall setup is very similar. To the right of your chart, you will see the same options, with the ability to adjust investment, leverage, and price and then select buy or sell. For clarity, this section of the trading platform will also display the spread.
Users can also easily search for their favorite cryptocurrencies and analyze all of the most relevant and up to date information. In addition to offering Bitcoin and Ethereum, IQ Option also offers at least 10 other cryptocurrencies to trade. These include Dash, Ethereum Classic, IOTA, Ripple, Litecoin, and Monero.
You trade right from the Web Trader’s interface. To the right of the graph for your chosen asset, you will see options to buy and sell. You simply fill out the amount of the asset you wish to purchase and submit your order.
You can also place an order easily via the mobile application, and the overall setup is very similar. To the right of your chart, you will see the same options, with the ability to adjust investment, leverage, and price and then select buy or sell. For clarity, this section of the trading platform will also display the spread.
Users can also easily search for their favorite cryptocurrencies and analyze all of the most relevant and up to date information. In addition to offering Bitcoin and Ethereum, IQ Option also offers at least 10 other cryptocurrencies to trade. These include Dash, Ethereum Classic, IOTA, Ripple, Litecoin, and Monero.
Risk Warning: Your capital might be
at risk.
The interface also provides easy to find links to chats, trading
history, and customer support, and in the event of any issues, users can quickly
open up a dialogue with the support team. Another standout feature is the
resources section that provides access to training and education materials. A
number of short training videos are integrated into the site and traders can
access these resources without having to leave their training accounts.
The demo version of trading platform is also the same as the live
version, and traders can improve their skills by using the $10000 of virtual
funds that come with the practice account. Even if things go badly, these funds
can be replenished, giving traders a consistent pool of funds to practice with.
Order Types & Stop Loss Tools
As is expected of modern trading platforms, IQ Option gives traders a range of order types to reduce risk and customize the trading experience. The variety of order choices lets traders create strategies that are short-, medium-, or long-term and featuring a variable return. Multipliers let traders increase the risk level for an investment with a corresponding increase on the return.
Stop loss orders let traders set maximum losses that they will accept, automatically closing the trade if it is triggered. Take profits do the same thing but when the trade reaches the profit you specify. A trailing stop will lead to dynamic operation of an auto-close at loss, moving with the price in the direction the trader indicates. Purchase at preorders lets traders set a price at which enter the market.
To supplement the order types, IQ Option offers a range of tools for setting stops and take profits. While most brokers just let you select the asset price, IQ Option lets you set the take profit or stop loss at either a percentage, numerous loss, or specific asset price. There is also the choice to apply the dynamic stop loss or trailing stop and the ability to use the balance to keep a position open if it exceeds the stop loss.
Order Types
There are numerous order types available with IQ Option, with the specific types of order available varying by asset.
· Multiplier orders allow you to increase the return on investment and your level of risk via a coefficient. This is a popular tool among advanced traders, but it should only be used by those with experience due to the increased risk. When used properly, it can dramatically increase potential profits.
· Stop loss orders let you set maximum losses that you will accept. When this type of order gets triggered, it automatically closes the trade to minimize your losses.
· Take profit orders are almost the opposite of a stop loss order. You indicate the amount of profit you want to reach, and the order automatically closes when it reaches this point.
· Trailing stop orders build on the idea of a stop loss by dynamically using auto-close at stop. A trailing stop order will move with the changes in price in the direction that you indicate.
· Finally, a purchase at or pre-order lets you choose the price at which you want to enter the market. When the market reaches this point, the trade will automatically be executed.
Charting Tools
To ensure traders can get the most from the IQ Option trading platform, the broker offers a long list of charting tools that can provide insights and help clients craft their trading strategies.
Order Types & Stop Loss Tools
As is expected of modern trading platforms, IQ Option gives traders a range of order types to reduce risk and customize the trading experience. The variety of order choices lets traders create strategies that are short-, medium-, or long-term and featuring a variable return. Multipliers let traders increase the risk level for an investment with a corresponding increase on the return.
Stop loss orders let traders set maximum losses that they will accept, automatically closing the trade if it is triggered. Take profits do the same thing but when the trade reaches the profit you specify. A trailing stop will lead to dynamic operation of an auto-close at loss, moving with the price in the direction the trader indicates. Purchase at preorders lets traders set a price at which enter the market.
To supplement the order types, IQ Option offers a range of tools for setting stops and take profits. While most brokers just let you select the asset price, IQ Option lets you set the take profit or stop loss at either a percentage, numerous loss, or specific asset price. There is also the choice to apply the dynamic stop loss or trailing stop and the ability to use the balance to keep a position open if it exceeds the stop loss.
Order Types
There are numerous order types available with IQ Option, with the specific types of order available varying by asset.
· Multiplier orders allow you to increase the return on investment and your level of risk via a coefficient. This is a popular tool among advanced traders, but it should only be used by those with experience due to the increased risk. When used properly, it can dramatically increase potential profits.
· Stop loss orders let you set maximum losses that you will accept. When this type of order gets triggered, it automatically closes the trade to minimize your losses.
· Take profit orders are almost the opposite of a stop loss order. You indicate the amount of profit you want to reach, and the order automatically closes when it reaches this point.
· Trailing stop orders build on the idea of a stop loss by dynamically using auto-close at stop. A trailing stop order will move with the changes in price in the direction that you indicate.
· Finally, a purchase at or pre-order lets you choose the price at which you want to enter the market. When the market reaches this point, the trade will automatically be executed.
Charting Tools
To ensure traders can get the most from the IQ Option trading platform, the broker offers a long list of charting tools that can provide insights and help clients craft their trading strategies.
Candle charts are among the most popular for IQ Option traders. These candles indicate a period of time, with solid colors indicating volatility during the given period and points marked for the price at both the beginning and the end of the given period.
Hollow candles are similar. However, instead of always using solid colors, the positive candles are hollow and the negative candles are solid.
IQ Option also offers area charts that show the price in the form of a
line, complete with shading for the area underneath. Line charts are similar,
but the area underneath the line is not shaded.
Finally, bars, like candle charts, cover a period of time you specify. They indicate the prices at the beginning and end of the period but do so with vertical lines. There are complementary horizontal lines that display the prices at open and close.
Indicators
With the indicators on IQ Option, you can spot trends and better identify potential trades that will lead to profit. IQ Option offers 13 indicators that are available via the charting interface.
Finally, bars, like candle charts, cover a period of time you specify. They indicate the prices at the beginning and end of the period but do so with vertical lines. There are complementary horizontal lines that display the prices at open and close.
Indicators
With the indicators on IQ Option, you can spot trends and better identify potential trades that will lead to profit. IQ Option offers 13 indicators that are available via the charting interface.
Many can be used independently or together to maximize your results and
insights.
· Moving Averages (MAs) include Simple Moving Averages, Weighted Moving Averages, Smooth Simple Moving Averages, and Exponential Moving Averages. These can help provide insights into current trends and can be used with other indicators.
· The Moving Average Convergence Divergence (MACD) shows where moving averages converge and diverge, essentially visualizing the ratio between two Exponential Moving Averages (EMAs).
· The Parabolic SAR has a similar purpose to moving averages. However, the position changes based on the price and it moves in conjunction with higher acceleration. It shows up in a group of small dots.
· The Awesome Oscillator indicates a visualized ratio of two SMAs (Simple Moving Averages), with one fast and one slow. The indicator helps show new trends’ development and completion.
· Bollinger Bands are trend indicators showing a dynamic range for price movement.
· Volume Indicators show the quantities of your chosen asset that were bought and sold within a given period, indicating interest.
· The Alligator Indicator helps you assess market movement in terms of direction and assists with filtering Side Bands (no-trend periods). Overall, this indicator helps traders find emerging trends, and it is cross-functional.
· The Relative Strength Index (RSI) helps figure out a current trend’s strength, as well as potential reversal points. It compares asset price growth (absolute) with the total price reduction, showing it via a curve.
· The Stoch or Stochastic Oscillator indicators show a price’s current position in comparison to the extremes from your selected period. This is shown as a percentage and helps you determine likely reversal points.
· The Average True Range (ATR) displays a trading asset’s current volatility within your chosen period and determines the change rate of quotes.
· The Average Directional Movement Index (ADX) shows a trend’s strength before the price movement begins. It can also indicate potential market volatility changes.
· A fractal is a series that includes a minimum of five Japanese candlesticks, showing the local maxima and minima of price curves as well as market reversal points.
· Finally, the Commodity Channel Index (CCI) measures the speed associated with price movements. It helps traders determine upcoming market reversals and can detect extrema or assess a trend’s strength.
Additional Features
IQ Option places a good amount of focus on its users and the platform enables customers to trade with confidence by incorporating a number of features that greatly enhance the overall trading experience. These include:
Mobile Integration
IQ Option offers a mobile web trading solution in addition to a specific mobile application, which gives users greater flexibility regarding mobile trading options. The app has a clean, intuitive graphical interface and is easy to use; it also has most of the charting options found on the standard platform. The app also provides push notifications, and users can set key trading levels which result in alerts any time these levels are breached. The app works on tablets as well as smart phones and the platform is available to both Android and Apple iOS device holders.
Trading Competitions
If you are outside the EU, then Customers are provided with the chance to test their skills against other traders via a number of Binary Option tournaments. These frequent tournaments are usually around 30 minutes in length and require a small entry fee. After signing up, users are given $10k in virtual funds and at the end of the competition; the trader with the highest returns wins a prize.
· Moving Averages (MAs) include Simple Moving Averages, Weighted Moving Averages, Smooth Simple Moving Averages, and Exponential Moving Averages. These can help provide insights into current trends and can be used with other indicators.
· The Moving Average Convergence Divergence (MACD) shows where moving averages converge and diverge, essentially visualizing the ratio between two Exponential Moving Averages (EMAs).
· The Parabolic SAR has a similar purpose to moving averages. However, the position changes based on the price and it moves in conjunction with higher acceleration. It shows up in a group of small dots.
· The Awesome Oscillator indicates a visualized ratio of two SMAs (Simple Moving Averages), with one fast and one slow. The indicator helps show new trends’ development and completion.
· Bollinger Bands are trend indicators showing a dynamic range for price movement.
· Volume Indicators show the quantities of your chosen asset that were bought and sold within a given period, indicating interest.
· The Alligator Indicator helps you assess market movement in terms of direction and assists with filtering Side Bands (no-trend periods). Overall, this indicator helps traders find emerging trends, and it is cross-functional.
· The Relative Strength Index (RSI) helps figure out a current trend’s strength, as well as potential reversal points. It compares asset price growth (absolute) with the total price reduction, showing it via a curve.
· The Stoch or Stochastic Oscillator indicators show a price’s current position in comparison to the extremes from your selected period. This is shown as a percentage and helps you determine likely reversal points.
· The Average True Range (ATR) displays a trading asset’s current volatility within your chosen period and determines the change rate of quotes.
· The Average Directional Movement Index (ADX) shows a trend’s strength before the price movement begins. It can also indicate potential market volatility changes.
· A fractal is a series that includes a minimum of five Japanese candlesticks, showing the local maxima and minima of price curves as well as market reversal points.
· Finally, the Commodity Channel Index (CCI) measures the speed associated with price movements. It helps traders determine upcoming market reversals and can detect extrema or assess a trend’s strength.
Additional Features
IQ Option places a good amount of focus on its users and the platform enables customers to trade with confidence by incorporating a number of features that greatly enhance the overall trading experience. These include:
Mobile Integration
IQ Option offers a mobile web trading solution in addition to a specific mobile application, which gives users greater flexibility regarding mobile trading options. The app has a clean, intuitive graphical interface and is easy to use; it also has most of the charting options found on the standard platform. The app also provides push notifications, and users can set key trading levels which result in alerts any time these levels are breached. The app works on tablets as well as smart phones and the platform is available to both Android and Apple iOS device holders.
Trading Competitions
If you are outside the EU, then Customers are provided with the chance to test their skills against other traders via a number of Binary Option tournaments. These frequent tournaments are usually around 30 minutes in length and require a small entry fee. After signing up, users are given $10k in virtual funds and at the end of the competition; the trader with the highest returns wins a prize.
The prize can be fixed or be related to the number of people who entered
the tournament, and at best allows the winner to receive a payment of up to
100x the entry fee. If users deplete their virtual funds, they can buy in again
and continue to take part in further tournaments. This provides users with an
interactive way to test their trading capabilities as well as pick up new
trading techniques.
Please note it is possible to lose your entry fees when taking part in competitions.
Education and Training Resources
IQ Option also makes a wealth of data available for all its users, and the site incorporates training resources that can benefit both newer and more experienced traders. These include various trading videos, as well as webinars and tutorials. Users also have access to a number of e-books and an FAQ section that covers the most common questions. These training materials provide valuable information to for traders of different abilities and experience.
In Part 3 we will be looking at IQ Option Affiliate program and some other information.
Article Source: https://blockonomi.com/iqoption-review/
Please note it is possible to lose your entry fees when taking part in competitions.
Education and Training Resources
IQ Option also makes a wealth of data available for all its users, and the site incorporates training resources that can benefit both newer and more experienced traders. These include various trading videos, as well as webinars and tutorials. Users also have access to a number of e-books and an FAQ section that covers the most common questions. These training materials provide valuable information to for traders of different abilities and experience.
In Part 3 we will be looking at IQ Option Affiliate program and some other information.
Article Source: https://blockonomi.com/iqoption-review/
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