The Ultimate IQ Option Forex Trading Guide for Beginner

Stop losses. The stop loss is a tool that's used to limit the amount a forex trade can end up losing. For example, if you invest $100 in a trade, you can set your stop loss at 10%. This means that if the trade goes against you and your invested amount falls to $90, Iqoption will automatically close the trade. Trade stocks, ETFs, forex & Digital Options at IQ Option, one of the fastest growing online trading platforms. Sign up today and be a part of 17 million user base at IQ Option. Placing your First Forex Trade on IQ Option. Forex, Stocks, ETFs, Commodities and Cryptocurrencies are offered on Forex Mode on IQ Option. Forex Trades are trades which involve predicting the direction of the price of an asset and the more the price moves in the direction you predict, the more you earn, and vice versa. The most common lot size is to trade in increments of 10,000 (mini). A lot size of 10,000 for the EUR/USD is worth $1.00 per lot. If you were trading 3 lots or 30,000, each pip is worth $3 in IQ Option automatically calculates the amount I stand to earn as a profit if my trade is successful. Using the 91% mentioned earlier, I stand to make $364 on my investment. Note that if the trade is unsuccessful, I will lose my $400. How to trade Forex with IQ Option? Simple tutorial for beginners 2021 Learn how to use the platform Spreads Conditions Read more To trade forex on margin on the IQ Option platform, follow these steps: 1. Open a new asset and select “Forex”. 2. Enter a trade size by clicking the “Quantity” button. 3. Set optional parameters if you wish: - If you would like to open a position with the expiration time, press the “Expiration” button. - Set the take-profit/stop-loss levels. 5. The IQ Option demo account comes loaded with unlimited virtual money. This allows beginners to practice as much as they want before they get involved in the real trade. Also, IQ Option has a very low barrier to entry. An entry-level account on IQ Option requires a minimum deposit of $10. You can trade with as low as $1 on IQ Option as well. Steps to take to trade fx on IQ Option Open an IQ Option trading account. Go to https://www.iqoption.com to open a trading account. Open the demo account first. This account comes with $10000 virtual money and will make it easy to learn trading. The currency market or Forex market allows for 24/7 trading in currency pairs where currencies are traded against one another as pairs and each pair is quoted in pips (percentage in points) out to four decimal places. As trading currencies can be a bit complex for a beginner, working with a professional like IQ Option can lend you a helping hand.

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