The first thing you should do after signing up for a new IQ Option account is to get familiar with their trading interface. Luckily, the platform is well designed and simple to navigate. All features and tools are placed on the interface so you won't need to do a lot of digging to find them.
This guide will run you through the different features and what they do.
IQ Option features on the top and left of the interface
1. Open new instrument
This feature allows you to choose a new trading instrument to trade with. Clicking on the (+) plus sign opens a list of the different assets currently available for trading. This includes binary options, Forex, cryptocurrencies, CFDs, and stocks.
2. Selected instruments
Once you select a trading instrument, it's automatically added at the top of your IQ Option trading interface. Clicking on it opens its real time trading chart.
3. Multi window view
If you've selected several instruments and want to view their real time charts simultaneously, this feature will come in handy. IQ Option offers up to 4 different multi window views.
4. Currently viewed instrument
This feature simply indicates the instrument's chart you're currently viewing.
5. Chart type
This feature is used to select the chart type to use when trading. IQ Option currently offers Japanese candle, bar, line, and Heikin-Ashi chart types.
This feature allows you to change the time interval that a single candle or bar will last before another starts to develop.
7. Graphical tools
This feature allows you to select drawing tools that can be used in technical analysis. They include the trend line, horizontal line, and Fibonacci lines.
This feature allows you to select the indicator you want to use for technical analysis. IQ Option offers dozens of indicators ranging from oscillators to moving averages.
1. Purchase time
This feature is a vertical dotted line with a small clock at the bottom. It simply indicates the time remaining before you're allowed to enter a trade. If the time expires, the line moves away from the prices and the countdown starts again.
2. Trade expiry
Depending on how long you hold position (when trading options) the price must touch this line for the trade to expire.
3. Account balance
This feature shows how much money is remaining in your trading account.
4. Deposit button
This feature is used to make a deposit to your real account. It's also used to replenish your practice account if your virtual amount falls below $2000.
This is simply the amount you want to invest in a single trade. You can manually adjust this by clicking inside the box and typing in the amount.
6. Expected return
This is the expected profit you will get if your trade is a winner.
7. Higher button
This is used to enter a buy position. If you think the price will be higher at trade expiry, click on this button to enter position.
8. Lower button
This is used to enter a sell position. If you think the price will be lower at trade expiry, click on this button to enter position.
9. Time interval bar
This bar is used to change the chart to reflect price changes over a specific period. For options, it will range between 30 days and 2 minutes.
As you've seen, the IQ Option trading interface isn't that complicated. All essential features are found right on the interface. But to get used to them, you'll need to practice. A good place to start is on the IQ Option demo account.
If you have any questions regarding a specific feature, ask in the comments section below.
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