- 1 How to select IQ Option assets with more than 80% profit?
- 2 Pros and Cons of Trading on IQ Option 📊
- 3 Popular Financial Instruments for Trading on IQ Option 💰
- 4 Things to consider when choosing the right IQ Option assets
- 5 Q&A: Trading on IQ Option 🎯
- 6 GENERAL RISK WARNING
There are dozens of IQ Option assets that you can trade. These assets are available to you in the form of various financial instruments such as binary and digital options, forex and contracts for difference.
With options trading, you get a fixed return. So why not choose to trade the assets that will bring in the highest returns? Choosing an asset is one of the crucial tasks you'll have to undertake if you're to become a successful trader.
Why? You need returns that even if you have incurred losses, a few wins will cover those losses and even possibly leave you with some profit. In this guide, I'll teach you the steps you should take when selecting the financial instrument that will give you the most profit on IQ Option.
How to select IQ Option assets with more than 80% profit?
Go to the IQOption login page. If you are already logged into the platform, click the “+” sign on the top bar. An extensive list of instruments available on IQ Option will then be displayed.
You will find the largest selection of IQ Option assets in binary options. Most of them are popular currency pairs, which are also the most popular asset class. As you can see in the image below most have a payout rate higher than 80%.
You can also choose IQ Option assets available for digital options. There it is often the case that the possible profit from a transaction is higher than 90% of the invested amount. Here, however, we have several currency pairs available. Also note that with digital options, the available expiry times are not as flexible as with binary options.
Start by clicking on asset (+ sign at the top of your interface). Next, select options and then binary. This will produce a list of the available currency pairs you can trade. 1 minute trades provide higher returns. But I recommend you focus on 5 minute plus trades that still offer 80% returns or more.
Pros and Cons of Trading on IQ Option 📊
- ✅ Pros:
- Wide range of financial instruments available for trading.
- High potential returns on binary and digital options.
- User-friendly platform with various tools and resources.
- ❌ Cons:
- Lower returns and longer trade sessions on weekends.
- No support for automated trading strategies.
- Return percentage on binary trades can vary with time.
Popular Financial Instruments for Trading on IQ Option 💰
|Binary & Digital Options||Forex & CFDs|
|EUR/USD (Euro/US Dollar)||EUR/USD (Euro/US Dollar)|
|GBP/USD (British Pound/US Dollar)||GBP/USD (British Pound/US Dollar)|
|USD/JPY (US Dollar/Japanese Yen)||USD/JPY (US Dollar/Japanese Yen)|
|AUD/USD (Australian Dollar/US Dollar)||AUD/USD (Australian Dollar/US Dollar)|
|USD/CAD (US Dollar/Canadian Dollar)||USD/CAD (US Dollar/Canadian Dollar)|
Things to consider when choosing the right IQ Option assets
Your main objective when trading options is to minimize the losing trades and increase the winning trades. And thus your profitability. However, there are times when losers exceed the winners. If you'd chosen instruments with low percentage returns, it would have meant that your cumulative losses would have been greater than if you'd traded instruments with higher payouts.
Another thing to note is timing. The return percentage on IQ Option binary trades for a particular currency pair varies with time. For example, you might find the EUR/USD pair having a return of 78% during the early trading hours. This might rise to 82% a few hours later.
Beginner traders should stick to a single currency pair on IQ Option
Successful traders are patient. They always wait for the right time to trade a particular asset. This is a skill every beginner trader should develop. The best way to do this is to initially trade one currency pair.
This means you'll have to patiently wait until the return is favorable. It also means you'll need to continuously study the pairs' price movements and behavior. In doing all these, you're increasing your chances of making money trading options.
Trying to trade many instruments simultaneously scatters your concentration. Loss of concentration is one of the easiest ways to lose money as a trader. Trading a single asset at a time on the other hand allows you to fully focus on that market. Remember also that no one can keep track of the charts of all IQ Option assets. It would be even more difficult to trade on all assets. Find your niche, know it and trade effectively.
Trading weekends on IQ Option
Most markets will close over the weekends. Only cryptocurrencies and Over The Counter (OTC) assets are available for trading. These offer lower returns and longer trade sessions. My advice is to avoid trading on weekends completely.
Use these two days to go over your previous week's trading and find out what you did right. What IQ Option assets do you trade on IQ Option and what returns do you aim for. Share your thoughts in the comments section below.
Q&A: Trading on IQ Option 🎯
- Q: How can I improve my chances of making money trading options on IQ Option?
- A: Focus on a single currency pair, study its price movements, and wait for favorable returns before trading. Patience, research, and practice are essential for success.
- Q: How do I choose the right financial instrument on IQ Option?
- A: Evaluate the potential profitability of the instrument, consider the returns offered, and select an asset that aligns with your trading strategy and risk tolerance.
- Q: Can I trade on IQ Option during weekends?
- A: Trading is available on weekends, but it's limited to cryptocurrencies and Over The Counter (OTC) assets with lower returns and longer trade sessions. It's advisable to avoid weekend trading and use that time for analysis and improvement.
- Q: What factors should I consider when choosing the right IQ Option asset?
- A: Consider the potential returns, market conditions, and the asset's behavior over time. Focus on assets that offer the highest possible returns while aligning with your trading strategy and risk tolerance.
- Q: Why should beginner traders focus on a single currency pair?
- A: Focusing on a single currency pair allows beginners to develop a deeper understanding of the market, build patience, and concentrate on making well-informed trading decisions.
GENERAL RISK WARNING
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