Thanks to the internet, you can now trade stocks without the help of a broker. Online platforms are user-friendly and offer various tools and training materials. With online trading, you can buy and sell stocks anytime, anywhere.
If you're interested in stock trading, one of the platforms you should check out is IQ Option. It offers a variety of tools and features that make online stock trading possible. This article will tell you how it works and how you can start trading.
Using the IQ Option Platform
IQ Option is a popular online trading platform that allows traders to bid on various financial instruments, including stocks, binary options, commodities, ETFs, and cryptocurrencies. The platform is growing rapidly, with over 48,000 registered users and more than one million daily transactions.
IQ Option Offered Assets
Here are five asset types you can trade on the IQ Option platform, along with some of the most widely-traded examples of said assets:
- Commodities: Crude Oil Brent, Silver, Gold, Crude Oil WTI, and Platinum
- Cryptocurrency CFDs: 27 cryptocurrencies such as Bitcoin, Neo, Ripple, Binance Coin, Litecoin, and Zcoin
- ETFs CFDs: US Real Estate ETF, Semiconductor ETF, QQQ Trust Series 1, and Gold Miners ETF
- Forex: 48 forex pairs such as EUR/USD, NZD/SGD, and GBP/JPY
- Stock CFDs: 185 stocks such as Apple, Amazon, Boeing, and Lyft
IQ Option CFDs and Binary Options Trading
The IQ Option platform now offers both Contracts for Difference (CFDs) and binary options trading:
A binary option is a type of option where the payoff is either some fixed amount of some asset or nothing at all. Binary options are also called all-or-nothing options, digital options, and fixed return options (FROs).
With CFD trading, you speculate on the price movement of an underlying asset, such as a stock, commodity, currency, or index, and don't actually own the asset. You open a position by buying or selling a CFD and then close the position to realize your profit or loss. Your profit or loss is based on the difference between the price you open the trade and the price you close it at.
IQ Option Educational Tools
IQ Option offers different types of orders and trading indicators to help you trade. These features can help you create strategies and minimize your losses. Here are some of the indicators and order types you can use:
- Multiplier Order: reduce risk levels and increase return on investment (ROI)
- Stop-loss Order: set maximum losses to automatically close a position
- Take Profit Order: set maximum profits to automatically close a position
- Trailing Stop Order: set a stop price
- Moving Averages: Get insight into current price trends
- Average True Range: Determine change range quotes and an asset's volatility within a set period
- Relative Strength Index: Analyze asset price growth and reduction, and overall strength
- Bollinger Bands: Use moving averages and standard deviations to determine price movement
- Parabolic SAR: Identify moving averages depending on price changes
- Volume Indicator: Display your bought and sold asset quantities at a given period
The desktop view of IQ Option is a simplified version of the mobile view. It includes similar features, but you cannot adjust the leverage, investment, and price.
To start trading, go to the trade room and select the account you would like to use. The chart is located in the center of the screen, with the buy and sell boxes on the right-hand side. You can also check your balance and the assets you are trading at the top of the screen.
The drop-down menu allows users to select which asset they want to trade. The user then inputs the amount of the asset they would like to buy and submits their order.
The IQ Option platform is a powerful and easy-to-use online trading tool that both novice and experienced traders can use. With its intuitive interface and wide range of features, the IQ Option platform is an excellent choice for anyone looking to start trading online.
IQ Option Wiki is your complete resource for everything you need to know about IQ Option! As fans of IQ Option for many years, we help both beginners and seasoned traders navigate through the platform and the markets with tips, techniques, recommendations, and methods that help them succeed. If you are interested in learning more about how to trade with IQ Option, we’ve got you covered! Open a demo account for risk-free trading today!
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
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