Multi charts on IQ Option platform. Great feature to observe up to 9 charts at once


Chart grids on IQ OptionThe trading performance can be improved in many ways. One way to do that is to utilise multi charts. Thanks to them you will be able to trade various assets simultaneously by opening a few separate windows. This will save you some time because you will not have to shift between tabs. Moreover, you will be able to see more information about the financial instruments you are currently trading. This article will tell you what you need to know about multi charts feature.

Key Takeaways๐Ÿ”‘

โ†’Multi charts can improve trading performance by allowing traders to monitor multiple assets simultaneously.
โ†’They help traders find correlations between markets and better understand price movements.
โ†’Multi charts can also be used for multi-timeframe analysis, providing valuable insights into market trends.

How to use multi charts on the IQ Option platform

Log in to your IQ Option account and find the chart grids icon. You will see then multiple options for setting the chart grid. Your choice will depend on the quantity of the assets you wish to trade.

How to set multichart on IQ Option
How to set multi chart on IQ Option

Trading many different instruments

If you plan to trade different assets at the same time, using multi charts option will be very convenient. You will get the view of many charts simultaneously. You will be able to constantly follow the price movements for all of them. This improves your chances to catch the best moments to open trading positions.

Below you can see 4 charts for 4 different assets on one screen.

With multichart you can observe a number of markets on one screen
With multi chart you can observe a number of markets on one screen

The maximum number of charts you can watch simultaneously is 9.

You can monitor up to 9 markets simultanously
You can monitor up to 9 markets simultaneously

Finding correlations between the markets

Another way you can utilise multi charts is by finding correlations between the markets. Many markets influence each other in a direct or indirect form. Below you will find an example for the AUDUSD and NZDUSD currency pairs. You can notice that in general, they go up and down at a very similar time.

With chart grids you can easily spot correlations between different markets
With chart grids, you can easily spot correlations between different markets

If you take, for instance, the EURUSD currency pair and gold you will see they are correlated too. But in their case, the relationship is quite different. Whenever the first asset is rising, the other one is falling and vice versa.

Comparing timeframes

You can also use the chart grids to compare the behaviour of the same asset on different timeframes. You may be fond of the short-term or long-term type of trading only. Still, it might be a good idea to check another timeframe in order to get a bigger picture. Examine two different timeframes for the NZDUSD currency pair in the screenshot below.

It is easy to make multi time frame analysis with multichart
It is easy to make a multi-timeframe analysis with multi-chart

Pros and Cons of Using Multi Charts๐Ÿ‘๐Ÿ‘Ž

Pros:

  • ๐Ÿ“ˆ Enables simultaneous monitoring of multiple assets, enhancing trading efficiency.
  • ๐Ÿ’น Helps identify correlations between markets, leading to better trading decisions.
  • ๐Ÿ•’ Facilitates multi-timeframe analysis, providing a comprehensive understanding of market trends.
  • ๐Ÿ” Reduces the need to switch between tabs, offering a streamlined trading experience.

Cons:

  • ๐Ÿ–ฅ๏ธ May require a powerful computer or device to handle multiple charts without lag.
  • โš ๏ธ Can lead to information overload, making it harder to focus on specific trading signals.
  • ๐Ÿ“Š Learning curve for those unfamiliar with multi-chart analysis.


Assets to Monitor Benefits of Monitoring
Currency Pairs Identify correlations, trends, and potential trading opportunities.
Stocks Monitor stock prices, market movements, and company news for informed trading decisions.
Cryptocurrencies Keep an eye on price fluctuations, trends, and market sentiment to capitalize on opportunities.
Commodities Track supply, demand, and global economic factors affecting commodity prices.
Indices Evaluate overall market performance and identify potential trends.

Summary

Multi chart feature widens your trading possibilities and it can significantly improve your results. Remember you can open up to 9 charts at the same time.

Use chart grids in a way that responses to your needs. You can trade many different assets simultaneously, compare the behaviour of the price for one asset on different timeframes or analyse the instruments that are in correlation with each other.

IQ Option offers you a free demo account. Try this new feature there. You will trade with virtual cash so you will not lose your own money. After some time spent on the learning and practising move to the live account. Do not forget to share your thoughts about multi charts in the comments section which you will find down below the site.

Enjoy trading!

Q&A: Frequently Asked Questions about Multi Charts๐Ÿ“š

  • Q: How many charts can I monitor simultaneously using the multi-chart feature?
  • A: You can monitor up to 9 charts at the same time using the multi-chart feature.
  • Q: What devices are suitable for using multi charts?
  • A: A powerful computer or device is recommended to handle multiple charts without lag. Ensure your device meets the minimum requirements of your trading platform.
  • Q: Can I use multi charts for all types of assets?
  • A: Yes, multi charts can be used for a wide range of assets, including currency pairs, stocks, cryptocurrencies, commodities, and indices.
  • Q: Is there any downside to using multi charts for trading?
  • A: One downside is the potential for information overload, making it harder to focus on specific trading signals. It’s essential to stay organized and develop a strategy to manage multiple charts effectively.
  • Q: Can I practice using multi charts without risking my own money?
  • A: Yes, many trading platforms, including IQ Option, offer free demo accounts where you can practice using multi charts with virtual cash.

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.
Kindly note that this article does not provide any investment advice. The information presented regarding past events or potential future developments is solely an opinion and cannot be guaranteed as factual, including the provided examples. We caution readers accordingly.

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Bart Bregman

Author / IQ Option expert: "My name is Bart Bregman, I have 9 years of full-time professional trading experience. I've been trading with IQ Option for more than 7 years, mainly on the shorter time frames doing technical analyses, and have many experience with Binary Options, CFDs, Options, and Crypto trading. There is no such thing as a bad trade! As a digital nomad trader, I'm mostly traveling all over the world. Follow my journey on Instagram at https://www.instagram.com/bart_bregman/. "

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