You want the truth about IQ Option, not just what some random person has said on the internet. There are scores of self proclaimed experts out there, but you need to know the correct information and be assured that it is legitimate. You will most likely find exactly what you are looking for in this article.
Limit yourself to just a few markets in the beginning. Choosing a few markets to work with will allow you to focus and learn. Knowledge is one of the keys to a successful run in the IQ Option market. So, limiting yourself will allow you to become an expert in your chosen currencies.
Before you begin trading, think to yourself the type of risk that you want to instill. Determine whether you are entering the IQ Option markets to try to get rich, or to maintain steady growth over time. This decision will tell you the type of stocks that you should be investing in.
Trading IQ Option can get complex if you are trying to deal with multiple currencies at once. As you are starting out, it is a good idea to start out by only dealing with one currency pair. This helps you keep track of your investments as you are starting out.
One of the most dangerous aspects of the IQ Option market is the temptation it presents. It is very tempting to take large positions in an attempt to gain big profits, but this is also one of the most dangerous ways you can approach trading. Do not take too large of a position on any trade, or you may end up literally paying for it.
If you are currency trading using a system, keep the system as simple as possible. The more complicated the trading system, the more likely it is to fail. Putting too much effort into trading does not guarantee success, so it is best to work smarter rather than harder to achieve the results desired.
Remember that loyalty is a good thing, but that is not always a good option when trading with the IQ Option market. If you are trading and you see that you are steadily losing money on a trade then the best thing to do would be to change positions.
When you are on a IQ Option winning streak, open several trades on the winning investment. That way you will be able to get your winners out and leave one or Get the facts two in to ride the trend as far as you can possibly ride it. Avoid riding the trend into the loss side.
Keep your IQ Option money moving. When you let your money sit in a big loser of an investment, you are missing out on potential big wins. Resist any, and all, urges to lower a protective stop. It may seem like a good idea to hope for the best but usually you will just end up with a bigger loss.
Not everyone is going to be a wise investor with IQ Option. Some people are inevitably going to lose their money. After all, if everyone profited, then the platform wouldn't be able to sustain itself. At least 50% need to lose and as it stands now, about 85% lose. Make sure you read and implement these tips so that you're never on the losing end.