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Best App For Options Trading – Want to earn money anywhere with your smartphone? Then IQ Option is the best way to go. Shopping with this app is easy and simple. This guide will teach you how to install IQ Option.
Start by going to the IQ Option website and visiting their download page. Here you can see which platforms their app supports. Smartphone applications are available for Android and iOS platforms. You can get it for free from AppStore or PlayStore.
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Another way is to go directly to PlayStore or AppStore and search for “iqoption”. Once you find it, download it to your smartphone. Once the download is complete, install the app. This will create an IQ Option app icon on your smartphone.
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Then tap on login. If you don’t have an IQ Option account, I recommend opening a demo account here first.
Enter your email address and password and click the login button. Screen Setup for Android, System Setup with IQ Option App for iOS.
While apps make it easy to buy from anywhere, it can take a while to learn how to use them.
I recommend that you first trade with a demo account and then choose an asset (forex or digital option) to trade.
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First trade the asset of your choice in a practice account. Only after mastering the smartphone app should you try using a real account to trade.
However, you can easily change the app’s settings. This is especially important because you need to disable one-touch trading. This is a one-touch trade entry.
A misplaced finger can land you in a bad trade. To change settings, tap the menu tab at the top left of the screen. Tap Settings and turn off one tap. Other settings can be changed according to your preference.
Another thing to consider is that you need to have a reliable WiFi or 4G connection. This will make your application run smoothly.
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Finally, take the time to learn how to use the IQ Option app on your smartphone by practicing on a demo account. Later in this article, you will learn simple trading strategies and how to use them in the IQ Options mobile app.
One of the advantages of trading on the IQ Option app is that you can trade on both desktop and smartphone. Although smartphones offer convenience, IQ Option does not have many assets. But that shouldn’t worry you.
Now I will show you how to trade digital options available on iOS and Android smartphones. I use a simple trading strategy – trade candlestick colors. This means you don’t have to rely on limited indicators, not even on the IQ Option smartphone app.
When shopping for candles, look for complete candles. A full candle close is your signal to enter the trade. If the candle chart is bullish, you should enter a 5-minute buy position. If it goes down, you should enter a short position for 5 minutes.
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My trade is as follows. If I enter a buy position, the next trade is a sell position. Ideally, I look for a full candle before entering a trade position. If the first full candle is green, I enter a buy position right after the candle closes. Then I wait until the orange light comes on. After this candle closes, I enter a sell position. I repeat this process until I make 5 to 7 trades.
This rule has one condition. I only cycle buy and sell positions if the trade is successful. For example, if I enter a buy position but the candle closes lower, I immediately enter a buy position for the next candle. If this candle closes lower, I enter a buy position until the price closes higher.
The first trade entry is at the end of the first bearish candle on the chart. The trade lasts for 5 minutes and is a “down” position. It works.
The second trade entry is at the end of a bullish candlestick chart. I entered the “high” position, which lasted for 5 minutes.
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The third trade entry is at the end of a bearish candlestick. Here I entered the “off” position for 5 minutes.
The fourth trade is at the end of a bullish candlestick chart. I went to a “high” position that lasted for 5 minutes.
The fifth trade is a losing trade. Trade entry is at the end of a bearish candlestick. I entered the “down” position, which lasted for 5 minutes. Remember the exception I explained earlier – change the same candlestick color until the trade is successful.
So I entered two “low” positions in a row for trades 6 and 7. Trade 6 also lost. Trade 7 is beneficial though.
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Using the Martingale system, I only trade the same amount for successful trades. When the trade is losing, I increase the trade volume. This ensures that I can recover losses on winning trades. See below the money management chart resulting from 7 trades.
As mentioned earlier, the IQ Option mobile app has limited features. If you are a beginner trader, I would advise you to try a demo account on your smartphone first. This will give you a feel of what the application is like.
You may notice a slight lag in the price chart. This is mainly due to network connectivity. If you notice this, stop shopping and make sure you have fast WiFi or 4G. Also, make sure that you don’t install too many apps on your smartphone that slow down your device.
One of the easiest ways to make money when trading with the IQ Option smartphone app is to trade based on the color of candlesticks. You don’t need to use any indicator to help you eliminate the trading interface. If you use the Martingale system, you can make at least 2% to 5% profit on several trades per day.
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Have you ever traded with the IQ Option smartphone app? How does it affect you? Share your results in the comments section below.
General risk warning: The financial products offered by the Company have a high level of risk and may lead to the loss of all your funds. Never invest money you cannot afford to lose
Help bart bregman intraday trading and iq option wiki build a great platform to help beginners in my spare time. #digital nomad, travel the world. https://www.instagram.com/bart_bregman/From 2020 to 2021, the norms of working life have been turned upside down as people around the world struggle to cope with unprecedented pandemic restrictions. As the new work-from-home trend takes hold and households are overwhelmed with government assistance, a new generation of retailers has found leverage to offer options. 2020-2021 was a time of record trading volumes in the options market, with retail traders accounting for 25% of the 2021 volume. however, a tighter monetary policy regime in 2022 changed the situation for all market participants. forcing many to learn that stocks fall faster than they rise. In these reviews, we provide investors with the knowledge, speed, cost, tools, research and more to meet their needs. We review the best online brokers for trading options to help you choose the platform that offers the best mix.
We chose tastyworks as the best options trading platform because of its very competitive options trading commissions, excellent options trading tools and excellent options focused education and live video content.
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Launched by tastytrade in 2017, Tastyworks was created by the same people who created and developed TD Ameritrade’s excellent Thinkorswim® app. The founders were inspired to create a platform that gives self-directed retailers access to sophisticated market and analytics tools. More of an active investor/trader, Tastyworks only offers trading of stocks, ETFs, options and cryptocurrencies.
Tastyworks has very competitive fees for trading options. They charge $1.00 per contract to open each option trade, and they charge a $10 commission for any option trade, regardless of trade volume. A settlement fee of $0.10 per contract also applies. Unlike most brokers, tastyworks does not charge a commission to close a position. This makes it a nice job to have very competitive options trading fees, as many brokers charge open and close option fees and do not cap fees at all.
For example, opening and closing a 50-lot vertical call spread (a total of 200 contracts traded to open and close a position) costs only $40 at tastyworks – a maximum of $10 ($20) per leg for both legs, plus a clearing fee of $0.10,200 per contract ($20). For example, the same trade volume/frequency on E*TRADE costs $100 per contract with a $0.50 fee for high frequency traders. The same vertical spread trade for 100 contracts results in a commission of $60 ($20 for both legs and $40 for the clearing fee) at tastyworks and $200 at E*TRADE.