Tuesday, April 7, 2020

How To Use IQ Option Trading Interface (updated 04/2020)

Before making money in IQ Option, you should learn how to use and get acquainted with the interface for easier observing. In order to have quality transactions, there must be reasonable entry points. And to support the observation of entry points, the interface also plays a very important role in monitoring price movements. In this article, I will guide you on how to customize the IQ Option interface in most detail.

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How to use your IQ Option trading interface

Chart type

The exchange rate of the underlying assets is shown in the chart. Including 4 types as follows:

– Line: The line chart.

– Candles: The Japanese candlestick chart.

– Bars: The bar chart.

– Heiken Ashi: The Heiken Ashi candlestick chart.

Chart types in IQ Option

The most commonly used by traders around the world is the Japanese candlestick chart.

Japanese candlestick chart in IQ Option

Candle Time Period

There are many time periods. The shortest one is 15s and the longest one is 1 month. You can adjust each candle time period equal to your expiration time for easier trading.

For example, If your expiration time is 5 minutes, then you can customize the candle time to 5 minutes also.

Japanese candlestick chart with a 5-minute candle time period

Notes: The line chart represents the current price and cannot be adjusted.

Graphical Tools

When you need to mark an important price or an ongoing trend, you should choose to draw a line. There are 5 types as follows:

– Line

– Trend Line

– Horizontal Line

– Vertical line

– Fibonacci Line

Graphical tools for drawing important price lines in IQ Option

Below is the interface after drawing the trend line and using the horizontal line for marking the levels.

Drawing trend line and levels

Indicators

These indicators are used for forecasting asset price movements. There are many different types. You can choose which indicator is suitable for your trading strategy.

Here I choose the Bollinger Bands to support the Out bands trading strategy.

Select Bollinger Bands indicator in IQ Option

Then the Bollinger Bands indicator menu will appear for traders to edit if necessary. Then, click “Apply” to finish.

Set up Bollinger Bands indicator

This is a 5-minute Japanese candlestick chart combined with the Bollinger Bands indicator

Japanese candlestick chart works with Bollinger Bands indicator

Customize the expiration time

The expiration time in IQ Option varies from 30 seconds to 1 minute or 1 month. In options trading, the majority of traders usually choose an expiration time of 24 hours or less. Click on the available default expiration time. Or you can customize the time using the “+” or “-” buttons as needed.

Expiration time in IQ Option

Amount of money invested in each transaction

You can manually adjust the amount of money to place a reasonable amount for each transaction as per your balance. To add or subtract the amount, press “+” or “-“.

The amount of money for each transaction

Predict the price trend within the expiration time

Finally, it is to predict the price trend within the expiration time. If you think that the price will go up, click “HIGHER”.

The price is predicted to increase in IQ Option

Otherwise, if you think that the price will continue to decrease shortly, click “LOWER”.

The price is predicted to decrease in the near future

Conclusion

We’ve shown you all the basic adjustments on the interface of IQ Option above. You can practice and experience on a DEMO account by clicking the box below to register.

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The post How To Use IQ Option Trading Interface (updated 04/2020) appeared first on How To Trade Blog.



source https://howtotradeblog.com/how-to-use-iq-option-interface/

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