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.

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

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!

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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Bart Bregman

Fulltime Day trading, and help Iq option wiki in my spare time to build an awesome platform to help beginners out there. #digital-nomad, traveling all over the world. https://www.instagram.com/bart_bregman/

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