Saturday, March 28, 2020

How To Trade Using Candle Colors In IQ Option

Regarding options trading in IQ Option, the platform only allows you to bet HIGHER or LOWER. You can trade at any time as long as it meets your expectations. For the investment to be simpler and easier to identify, you should create good habits for the trading process. This article will guide you on how to trade using candle colors (green or red) to identify the results quickly.

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How to trade with candlestick colors within 4 steps

Determine the candle time period

I choose the 5-minute Japanese candlestick chart. So the closing time will be within the following fixed minutes: 5, 10, 15, 20, 25, 30, 35, 40, 45, 50, 55, 00.

Set the candle time period to 5 minutes in IQ Option - How to trade with candle colors
Set the candle time period to 5 minutes in IQ Option

Set the expiration time for each option equal to the candle time period

Reset your expiration time equal to the candle time period.

For example, the current candle closing time is 19:30. If you want to trade using the colors of the candle, adjust the expiration time to be closed at 19:35.

Notes: You can only set up the correct expiration time when the time is 19:29:31s. Remember to readjust the time when the 30th second passes. If not, the system will shift to the 15-minute expiration time.

Re-adjust the expiration time

Choose HIGHER or LOWER

Once you have adjusted the expiration time to coincide with the candle time period, it’s time for you to predict the direction of the exchange rate. If you predict the price to go up when the current candle closes, select “HIGHER” (green candle betting). Conversely, if you expect that the price continues to fall after the candle closes, then choose “LOWER” (red candle betting).

Choose HIGHER or LOWER

Open options as soon as the current candle closes

Get ready to open options when the current candlestick is about to close. The standard time for this operation is just 1 second right before the candle closes.

The standard entry point to open options using candle colors - How to trade
The standard entry point to open options using candle colors

When you have completed the 4 steps above, you have chosen to trade using candlestick colors. If the following candle is green, then “HIGHER” options will win. Otherwise, the red candle appears, the “LOWER” options will win. Simply follow the color of the candle to easily confirm the correctness during trading.

I have bet that the next candle is a green (bullish) one as shown below.

Trading with candlestick colors in IQ Option

Advantages and disadvantages when learning how to trade with candle colors in IQ Option

Advantages:

– Simplify the transaction process (Green or Red).

– Easily recognize the winning or losing status of an option.

– No need to care about asset rates.

Disadvantages:

– Needed a lot of practice to open options correctly because the entry point is at the end of the current candle.

Simplify other trading issues so that your long-term vision is not obscured by the so-called indicators. We choose simply but by no means inefficient.

I wish you success after learning how to trade with candle colors in IQ Option.

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The post How To Trade Using Candle Colors In IQ Option appeared first on How To Trade Blog.



source https://howtotradeblog.com/how-to-trade-candle-colors/

Friday, March 27, 2020

How To Verify Your IQ Option Account (updated 2020)

If you have seriously deposited real money to trade in IQ Option, the first thing you have to do is to verify your identity. This helps IQ Option know who you are so that future withdrawals can take place quickly and accurately. This article will guide you to verify your account on the IQ Option platform in detail.

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How to verify your IQ Option account in 5 steps

Log into your IQ Option account and select the “Verification” section.

Verify your IQ Option account

Confirm your email

During registration, you have received an email with a verification code. After entering the code, you have completed the verification step.

Verify the email in IQ Option

Confirm your phone number

Enter your phone number and press “Get a code” to request the system to send a confirmation code.

Enter the phone number to receive the code

After receiving the code from IQ Option, fill in to complete the phone number verification.

Confirm the phone number in IQ Option

Provide the required information by IQ Option

Fill in all the information that IQ Option platform needs you to provide.

– Sex: Your gender.

– Date of birth.

– Your first name.

– Last name.

– Country of residence.

– City.

– Citizenship

– Postal code: Your ZIP code.

– Address of residence: Your residential address.

Once completed, select “Save & Continue”.

Provide information about IQ Option account holder

Upload your documents for verification

1. Photos of your ID

You can provide a photo or scan of your driver’s license or identity card including front and back side.

Uploading identity card photos to verify identity of IQ Option account
Uploading identity card photos to verify identity

2. Verify your address

In order to verify your residential address, it is necessary to provide photos of the following documents issued under your name.

– Bank or credit card statement.

– Service bills such as electricity, water, internet, etc.

– Documents with your city official seal confirming your address.

– Tax reports.

Notes: All the documents must be within 6 months.

Using electricity bill to verify the address

3. Verify your bank card

To prove the ownership of the card you are using for the transaction, you must provide scans or photos of both sides of the card.

You can use physical methods to attach a piece of paper to it or digital methods to hide the numbers in the back of the card using the photo editor.

Verify bank card in IQ Option account
Verify bank card in IQ Option

If you use a digital wallet such as Skrill or Neteller, you just need to take photos of the “Personal details” section to verify.

Verify the Skrill e-wallet in IQ Option account
Verify the Skrill e-wallet in IQ Option

After completing the 4 steps above, IQ Option will send you a notification of receiving the above information. The confirmation time is usually within 3 working days after you request a withdrawal.

The last line

For things to go smoothly, you should verify your identity as soon as you deposit real money into your IQ Option account. Because after verifying, the payment part will be taken place quickly, your money will no longer be kept for checking. Identity verification seems meaningless, but it’s very important once you find it serious about trading.

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The post How To Verify Your IQ Option Account (updated 2020) appeared first on How To Trade Blog.



source https://howtotradeblog.com/verify-iq-option-account/