Trading in IQ Option using mobile phones (smartphones) is the optimal solution for those whose work is filled with traveling and cannot use the computer frequently. This article will show you how to trade in IQ Option using smartphones for beginners.
If you do not have an account, you can register immediately below.
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How to trade in IQ Option with smartphones for beginners
First, you need to log into your IQ Option account on your smartphone. If you have not installed the IQ Option application, you can refer to the article How to download and install the IQ Option application on your phone.
Choose the currency pair for trading
(1) Click the “+” icon in the left corner of the screen.
(2) Choose the trading method as “number” and continue to choose the currency pair you want to trade.
Notes: When you trade on the phone, they are not binary but digital options.
With digital options, at the end of the expiration time, if the price is equal to the initial price when you open the option, you will lose.
Select the price chart
To choose a Japanese candlestick chart with a candle time period of 5 minutes, you should do as follows:
(1) Click on the 4th box from left to right on the screen bar.
(2) Choose the candle time period of 5 minutes.
(3) Choose the price chart of the Japanese candlestick type.
Set up indicators
How to set up IQ Option indicators on the phone.
(1) Click on the icon of a drawing compass in the third box from the left.
(2) The “Indicators” tab appears. Then, you can choose the desired indicator to support your trading strategy.
Familiarize yourself with the interface before trading on the smartphone
Practice trading on a Demo account to sharpen your option opening skills. When trading with real money, even a small mistake can turn the tide from winning to losing.
(1) The expiration time.
(2) The amount invested for 1 order.
(3) The profit calculated by the “Profit 81%” method at that time (Your profit will be 81% of the invested amount if you win).
(4) “HIGHER” order.
(5) “LOWER” order.
How to make money on smartphones in a simple way
Because the IQ Option interface on smartphones is somewhat smaller on computers. To overcome that issue, we use the Out bands trading strategy for easier in observing prices and choosing good entry points on the phone.
How to trade in IQ Option using the Out Bands candlestick strategy
Open a LOWER order when the candle goes over the upper band.
Open a HIGHER order when the candle drops below the lower band.
Capital management
Use the Martingale capital management method to minimize the risk. A cycle consists of 3 orders. If the previous order loses, the next one will be opened with an increased investment amount. If 1 of the 3 orders win, then recall to the initial investment amount.
For example,
A cycle of 3 orders: Order 1 with $10, order 2 with 15$ and order 3 with 25$.
Notes: Order 3 is just for recovering the losses, so we should not increase the investment anymore because of the high risk.
How to open orders with Out Bands strategy
When the price closes and creates a candle over the upper band, open a “LOWER” order. With this trading method, you should choose the sideway market where the price is less volatile. The USD/JPY pair can fulfill that condition.
At the end of the expiration time, the candlestick has reverted into the band which gives a profit of $7.8.
You can review the results at the end of the transaction.
Be careful when trading IQ Option on a smartphone, because errors can occur when the touch is too sensitive. Please practice fluently on a demo account before trading with real money. This is very good support from IQ Option so that traders can trade without sitting in front of a laptop or PC screen. You just a smartphone and 4G network to start earning money at any time.
Register an IQ Option account NowGet $10,000 Free for beginners
The post How To Trade In IQ Option With Smartphones (updated 04/2020) appeared first on How To Trade Blog.
source https://howtotradeblog.com/how-to-trade-in-iq-option-app/
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