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.
The most commonly used by traders around the world is the Japanese candlestick chart.
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.
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
Below is the interface after drawing the trend line and using the horizontal line for marking the 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.
Then the Bollinger Bands indicator menu will appear for traders to edit if necessary. Then, click “Apply” to finish.
This is a 5-minute Japanese candlestick chart combined with the 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.
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 “-“.
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”.
Otherwise, if you think that the price will continue to decrease shortly, click “LOWER”.
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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