How To Trade Blog

Friday, October 23, 2020

How To Make Money For Beginners In IQ Option From A To Z

Almost everyone in the financial industry knows about IQ Option’s online money-making channel. It’s flawed if you don’t know. But don’t worry, you will not miss out on the opportunity to make money from this online investment channel. Because we will introduce you to a completely modern way to make money that bypasses geographical distances to make foreign currency flow into your bank account. This is an article on how to make money in IQ Option from A-Z for beginners.

What is IQ Option?

IQ Option is one of the most modern and complete financial options trading platforms. This platform offers classic options with different assets (indices, currencies, stocks, commodities) as well as today’s popular turbo options. This is simply a game of probability with 2 choices. It is either up or down. If your prediction is correct, you earn money. If not, you lose money.

You can see the post “Review IQ Option trading platform in the most detailed updated September 2020” for more information.

Is IQ Option a scam?

First, you need to look at an article about if IQ Option is a scam. This article is translated into 16 languages by a prestigious expert of the world financial organization: Is IQ Option a scam? The Truth About The Scamming Story Of IQ Option

IQ Option is a top trading platform in the world, licensed by CySEC. IQ Option’s activities are closely monitored by third parties. If there is a violation or signs of fraud, they will immediately take measures to protect the user’s property and withdraw the platform’s operating license.

Some small misunderstandings that make investors claim that IQ Option is a scam

– Trading on software often lags and falsifies entry points.

Reasons: This problem is because your internet connection is not stable. This leads to a slow connection to the server, causing the entry point to deviate from expectations.

Solutions: Check to see whether the connection is stable. You can also change to the long trading time frame so that the deviation is no longer as serious as in short orders. The short expiration time can seriously affect the results when the price deviates by several pips.

– The payout rate varies. It is sometimes even quite low.

Reasons: This payout rate is calculated by IQ Option according to the market’s trading needs.

Solutions: Traders can change the trading time for higher payout rates. Normally, you should trade the European and the American sessions which offer a payout ratio of 70-90%. Don’t trade the Asian session because it has a very low payout rate.

– The withdrawal is quite slow and you need to authenticate accounts.

Reasons: This is the regulation of IQ Option. It is to protect your assets as safely as possible.

Solutions: If you want to process faster, just withdraw money to an e-wallet such as Skrill, Neteller.

*Notes: During your first profit withdrawal, the system will require phone number verification via SMS, ID card, bank card, and account statement. Therefore, when registering an account, investors should pay attention to this.

Is it possible to make money from IQ Option?

This is the withdrawal history of an investor who makes a profit by trading in IQ Option. If possible, investors should choose to deposit and withdraw using e-wallets such as Skrill, Neteller, etc. It will help your money be processed faster within 3-5 minutes.

Details on how to make money in IQ Option from A to Z

Step 1: Register for an account in IQ Option

First, you need to have an IQ Option account to make a profitable investment. To quickly register for an IQ Option account, just click on the box below.

Fill in your email information and password as required. You will immediately get $10,000 in virtual currency to experience.

You can see how to register for an IQ Option account via a video in the article: how to register an IQ Option account.

If you are a busy person who has to move often, you can install the IQ Option app on your phone so you can invest and make a profit anywhere.

You can download the IQ Option app to your phone here:

Step 2: Deposit into your IQ Option account

When you are ready to find profits in IQ Option, you need to deposit money to invest profitably. Currently, IQ Option has provided many different methods to deposit money into an account including credit cards (Visa and Mastercard) and online banking. This broker also accepts payment via many different electronic wallets including Skrill, Maestro, WebMoney, Neteller, CashU, and Moneybookers.

You can choose one of the following 4 deposit methods:

How to recharge an IQ Option account with Skrill e-wallets

How to recharge an IQ Option account with Online Banking.

Recharge an IQ Option account with Neteller e-wallets

How to recharge an IQ Option account via Visa/Mastercard.

Notes: Minimum deposit requirement for real accounts in IQ Option is 10 USD/GBP/EUR. The platform does not charge any processing fees for depositing. After making your first deposit, you’ll need to go through the account verification process. You can request for identity verification to help keep your account completely secure.

Step 3: How to make money effectively with the Out Band candlestick trading strategy for beginners

Once you have funded your IQ Option account, you need to have a money-making strategy. But now you do not know how to trade. Do not worry! Here, I will introduce you to the easiest strategy to trade in IQ Option for beginners. According to statistics, for every 100 people, 90 people successfully implement and bring profits for the first time investing in IQ Option.

First, you need to get acquainted with the IQ Option interface. You can refer to the article: How to customize your IQ Option interface.

(i) How to trade using Out Band candlesticks for beginners

Once getting familiar with the IQ Option platform, it’s time to build a smart investment strategy for yourself. I will introduce you to an effective strategy to invest with the Bollinger Bands technical analysis indicator.

Out Band Candlestick – How To Trade In IQ Option In The Easiest Way

To use the Bollinger Bands indicator in IQ Option, you need to do the following 3 steps: (1) Select “Indicator” (2) Navigate to “Volatility” tab (3) Select “Bollinger Bands”.

Do not adjust. Just use the default from the IQ Option platform. It will help you make profits.

Highlight indicators for the convenience of observing price movements to open good orders.

How to make Bollinger Bands indicator bold in IQ Option

Once the setup has been completed, your screen will be as follows.

(ii) How to open an order when an Out Band candlestick appears

Conditions: A 5-minute Japanese candlestick chart. Set up the Bollinger Bands indicator in IQ Option

Open a HIGHER order when: Prices close below the lower band.

Open a LOWER order when: Prices close above the upper band.

This is a specific illustration for real trading in IQ Option.

How to open orders using the Out Band candlestick strategy

(iii) Risk management (capital management) for beginners

Safety is the top priority when you invest in any field. The same is true in the financial markets. If you don’t know how to manage your capital, losses will come to you. In order to avoid losses from having no risk management plan, I recommend using the leading safe capital management method adopted by many investors during making money from IQ Option. It is the Classic capital management method (balanced investment).

To clearly imagine the operating mechanism, you can see the spreadsheet.

Pros

Safe for investors to use.
No need to change the amount of investment.
Know in advance how much risk you will take.
Offer steady growth.

Cons

A trading strategy with a win rate of 60% or more is required. This will be compensated when you apply the Out Band candlestick strategy.

Step 4: Withdraw profits from the IQ Option account

After profitable investment in IQ Option, withdraw your profits for spending. When making your first withdrawal, you will need to verify your identity. Do not worry! Please follow to keep your account safe. You only need to verify only one time.

This is a reference article for anyone who receives an IQ Option verification request: How to verify your IQ Option account identity.

The minimum withdrawal amount for a single withdrawal set by IQ Option is $2. To make a withdrawal request, you need to use the same payment method as your depositing, because the transaction is processed as a refund. This means that if you recharge with your Skrill e-wallet, you must withdraw to your correct Skrill e-wallet address. Or if you recharge through online banking, you must withdraw to your online banking account used for depositing. As a rule, you can withdraw 1 time for free within 1 calendar month.

You can refer to one of the following 4 withdrawal methods

How to withdraw money from an IQ Option account to an Online Banking account

How to withdraw from an IQ Option account to Skrill e-wallets

Withdraw from an IQ Option account to Neteller e-wallets

How to withdraw from an IQ Option account to Visa/Mastercard

All withdrawal requests are processed by IQ Option within 1-3 business days. If you request a withdrawal of money to a bank card, it may take longer depending on the bank’s processing status.

One last word

This is a potential investment channel for all kinds of people in the current society. If you have idle money but do not know how to make a profit, you can learn about IQ Option. Maybe, it will be a source of income other than wages for everyone. Do not miss the opportunity to make money online. Don’t deny the development that technology has brought you. Be confident and successful on the attractive financial investment path.

The post How To Make Money For Beginners In IQ Option From A To Z appeared first on How To Trade Blog.

source https://howtotradeblog.com/how-to-make-money-for-beginners-iq-option/

Wednesday, October 21, 2020

Earn $318 Of Profits With The Strategy Using Double SMAs In IQ Option

If you are a trader who prefers to open long-term orders with a little patience in trading, I am sure you will make money by applying the Double SMAs strategy in IQ Option. Trend trading is a highly secure strategy that many investors use. It is fully exploited by the Double SMAs strategy which I am about to share with you.

Video on making $318 of profits using the Double SMAs strategy

Why should we trade using Double SMAs?

If you are a person using a single SMA to trade, it can be difficult to spot signals of a trend reversal. Opening a long-term order at the end of a trend with a possible reversal at any time is very risky. Therefore, it is necessary to combine additional indicators to support the recognition of trends that are about to reverse. This is to avoid entering a trade at the end of a downtrend or uptrend.

SMA30 is for identifying a trend change in the short term. It helps traders to recognize the price action as fast as possible.

SMA50 is for identifying trends of an asset in the long term.

With the combination of short and long-term trend lines, all defects are limited. Looking at it, traders will understand at what stage the trend is. Is it convenient for trading or not?

Capital management

For signals that bring high win rates when using the Double SMAs strategy, you can apply many capital management methods that bring the most profit when used. But for absolute safety, we should use the classic capital management method (balanced investment).

Balanced investments will help you grow your account in the most stable way. It also helps you to be aware of the risks before trading.

Limit negative psychology

Most traders who trade in IQ Option prefer a trading time frame of 1-5 minutes. The shorter the trading time frames are, the less time you have to prepare. Therefore, you can easily make mistakes such as later or earlier entry points, lacking conditions to open an order, etc. This puts your trading position in an unfavorable situation. But when using the Double SMAs strategy to open long-term orders, it is a different story. You will get many advantages as follows:

Avoid momentary fluctuations

When trading long-term, the fluctuation of the price is relatively large. Therefore, you don’t seem to have to worry about market shocks. This can be considered the horror of short-term trades when it turns winning into losing in just a few seconds.

This not only makes sense in terms of amplitude but also in terms of time. With short term trading, you often lose money due to the rapid fluctuations of the market. But when trading long-term, you won’t be affected much when that volatility occurs.

Reduce the pressure of transactions

Surely, you will not be able to deny the stress when you open orders or watch the money in your account fluctuating. With long term trading, you can dramatically reduce it.

You do not have much pressure to place orders correctly every second. Instead, you can place an order sooner or later than the specified time without affecting the results much.

Volatility when you trade in the long term is so slow that you will have time to adapt to it. Thereby, you can reduce stress. Besides, the time to observe the chart as well as analyze the chart will not be much and your mind will have more time to rest.

Avoid over-trading

In short-term trading, you have a very fast order opening speed, creating a large number of orders in a short time. Some highly disciplined traders set their own strict principles. They trade for a set amount of time and then stop in order to avoid over-trading. However, very few people can do so.

For the rest, whether they win or lose, they are easy to get into over-trading due to their inability to control their emotions. If you lose, you want to recover the loss. If you win, you want to win more. The result is you are constantly dragged into the market.

Therefore, long-term trading can be a viable remedy for over-trading.

How to open orders with the Double SMAs trading strategy

Conditions: A 5-minute Japanese candlestick chart. Set up SMA30 (short-term), SMA50 (medium-term) indicators.

Open a HIGHER order when: The SMA30 (red) crosses the SMA50 (purple) from below.

Explanation: When the SMA30 crosses the SMA50 from below, it signals that an uptrend will be formed in the near future. We can open a long-term HIGHER order safely as soon as they intersect.

Open a LOWER order when: The SMA30 crosses the SMA50 from above.

Explanation: When the SMA30 crosses the SMA50 from above, it is a signal that the downtrend is about to form. Open a long-term LOWER order when the two SMAs intersect.

In conclusion

Using the Double SMAs strategy, the win rate can increase by up to 80%. If you need specific examples, you can watch our instruction video on trading with real money and withdrawing profits to the account. Trade with a Demo account first to understand how to place an order using this strategy. Try to feel the trend best before trading with real money. I wish you successful transactions.

The post Earn $318 Of Profits With The Strategy Using Double SMAs In IQ Option appeared first on How To Trade Blog.

source https://howtotradeblog.com/double-smas-trading-strategy-iq-option/

Tuesday, October 20, 2020

IQ Option Trading Log: Bollinger Bands Indicator – The “Holy Grail” Of Beginners

There was nothing but a few pennies in my hand and no financial knowledge at first. However, my dream when I first joined IQ Option was really big, my friends! It’s a house and a 4-seater car. And it will be performed by the Bollinger Bands indicator which is called the “holy grail” of beginners. In a moment, I will point out the inherent mistakes conveyed by former traders. Do not skip this post if you are new to IQ Option.

“Industrialize” the Bollinger Bands indicator for beginners

Industrialize the Bollinger Bands formula for beginners

The Bollinger Bands indicator industrially defaults for beginners. If you are new to the market, you must know it and use it to make money. It is unknown when it is considered the luggage of the beginners. Like when you first know the alphabet, it should be the letter A.

I am also a victim of the “industrialization” of the Bollinger Bands indicator. When I did not know how to profit from IQ Option, I was stuffed with dozens of unreasonable stuff like making money easily with the Bollinger Bands indicator, making money with just mouse clicks. Roughly, it is very easy to make money with the “ultimate” indicator in hand. The prospect of a luxury villa with money flowing into my account like a flood made me extremely excited.

I started to get too aggressive and rushed into making money like a moth to a flame without knowing how dangerous it was.

In the eyes of people who have experienced it, it is a long way to go if you want to make money in IQ Option. But for those tenderfeet, it is as short as a joke.

Make your dream come true with Bollinger Bands

You may wonder why I do not call it investment or trading but playing. For most beginners to IQ Option, it is more appropriate to use the word “playing”. Because they do not have a so-called methodical plan to be seen as an investment. The word “trading” doesn’t seem to be in the dictionary of beginners. They just love to play and take money home.

Brokers skillfully seed and sanctify the Bollinger Bands to realize the dream of wealth in the eyes of beginners. Sadly, by accident or on purpose, experienced traders also believe that it is suitable for beginners. They may also find it so simple that they nod their heads to ignore. This unintentionally supports the intentions of the bad guys.

Make your dream come true with Bollinger Bands

All beginners have faith that a Bollinger Bands indicator will print money for themselves. Just like that, they put effort, time, money (on the courses) to memorize like a parrot without knowing what it is.

All important things are ignored because they have not had the experience to perceive. Capital management and trading psychology will be presented clearly in detail in the following paragraph. Because this is an important and indispensable part if you want to become a successful trader.

The market treats beginners

To make it easy to imagine this somewhat rough title, you can try searching your memory. When you first entered IQ Option, how many out of your first 10 orders did you win? I bet that 8 out of 10 is the minimum number. It is so strange. When you know nothing, the odds of winning are sky-high. However, when fully analyzing the order conditions, the experienced traders may still “get screwed up” as usual.

The time that beginners are treated is very short, maybe only a few days. When everything makes you walk in the clouds, just a bucket of cold water can pull you to the ground. With the trading history full of profits, just a few losing orders can make you crazy and eventually go all-in.

In a funny way, the IQ Option platform gives you dollars to keep for watching only. Besides watching, you can’t use it. Only those who can use it are the master. Keeping it for a few days only makes you bitter and gives birth to nothing but foolishness.

You should remember that the money in the account is just representative numbers. Real money is when it is in your bank account or in your pocket.

The market challenges beginners

When reading up to here, you have come to a loss after “keeping” money for brokers. This stage is very pivotal. If you do not have a former to guide you, you may easily go to a dead end. While constantly trying to get back the lost money, most are dragged into a spiral of loss with no way out.

Everyone is going to experience a loss at first. Instead of trying to recover it, consider it as tuition. Think it over and see what you can draw out of it. Don’t try to get back what has been taken away by the market. It will do a lot of harm.

After taking the slaps that make us awake and return to the ground, we have to options as follows:

Continue to look for opportunities in IQ Option.
Turn our back away just because it doesn’t feel right.

Certainly, 99.9% would choose option 1. If so, then you need to prepare a plan to make money instead of keeping money for someone else. It is an unpleasant feeling that couldn’t be expressed in words. If you don’t change and repeat the same action over and over again, don’t expect another result.

Building a trading system should not rely on indicators for technical analysis

To avoid relying too much on technical indicators you should set the right opening conditions. That is using candlestick patterns, for example, or the market trend which is also not a bad idea. If you trade long enough, you will understand that the Bollinger Bands indicator is appropriate when the market is sideways. When there is a trend, it is easy to lose its effect. It is something that you might never know in the past.

If you like, you can study profitable trading strategies using the Bollinger Bands indicator when the market is sideways. Familiar things will make us easier to catch up with than other unfamiliar indicators. Let me introduce to you a trading strategy using out band candlesticks. This is the strategy surrounding the Bollinger Bands indicator.

Out Band candlestick – How to trade in IQ Option in the easiest way

Study and find a strategy that works for yourself. And most importantly, it should have a win rate of over 60%. To avoid risk, practice it on a Demo account before trading with a Real one. Most people skip the result statistic step. They rush to trade with real money. Don’t risk your money for the uncertainties.

The required luggage for beginners to make money in IQ Option

To make money successfully in IQ Option, the necessary luggage is:

Capital: With a capital of several hundred dollars, you may not be serious about trading. Come back with $1000 to make sure you’re ready.
Trading strategy: This is how you make money in IQ Option. It certainly works and offers a high probability.
Risk management (capital management): Do not ignore this important part. It greatly helps you avoid many losses and maximize profits.
Trading psychology: Be very calm before the provocative action of the market. A cool head and a warm heart will help you overcome everything.
Luck: This is the least expected thing but sometimes it brings surprising happiness when it comes to you.

All will be introduced in the following article so that you can refer to see which you are lacking. From there, step by step, you will become hard to beat and immortal.

The last line

Do not be delusional. Do not dream much. What is needed is knowledge and a specific plan. Study and learn. Do not pay too much attention to profit until you have enough bravery. The market will do what it needs to do. Your effort, enthusiasm, and energy will be rewarded in exchange for a large amount of money.

The post IQ Option Trading Log: Bollinger Bands Indicator – The “Holy Grail” Of Beginners appeared first on How To Trade Blog.

source https://howtotradeblog.com/bollinger-bands-indicator-iq-option-trading/

Monday, October 19, 2020

How To Choose The Perfect Investor For Copy Trading In Etoro

This article will guide you to choose the perfect investor for copy trading on Etoro. However, this assessment is just from my personal point of view. You should consider it before deciding because the money is always yours.

The perfect investor should be the one to suit your investment style. They also have to have a clear investment strategy, good risk management method, good capital management method during the long term of consideration. Considering these above criteria, I have the following advice.

Select the category for copy trading in Etoro

To view the copy function, at the Etoro account interface, select “Copy people” as shown below.

The investors are arranged in top-down order.

Editor’s Choice: Investors who are selected by the Etoro editorial board to introduce to their clients.

Top investors: Top investors according to Etoro assessment.

Trending: Investors who, in recent times, have had an impressive rate of return.

Most Copied: Investors who are being copied by most people.

Low-Risk Score: Investors with low-risk scores. Etoro assesses an investor’s risk level on a separate rating scale. The scale is from 1 to 10. Investors with a risk score of less than 4 are considered low-risk.

Medium Risk Score: Investors with medium risk, usually less than 6.

A perfect investor is completely different for everyone. Above all, it must match the investment style or personality of each person.

There are people who are adventurous, risky and want a quick profit in a short period of time while others prefer safety.

Some people like short term investments so they don’t want to hold orders for too long. On the contrary, some people like to invest in the long-term, year after year.

Some like to trade stocks while others like to invest in indices, crypto, gold, forex, etc.

Choose the right risk level – the main principle of Copy Trading

A good investor is in control of their losses. Capital preservation is a vital principle of financial investment. Therefore, you need to pay attention to the Risk score.

In Etoro, the investors are risk-rated on a scale of 1-10. An investor whose trades you want to copy should have a risk score of 3 – 6.

The reason is that if the level of risk is too low, you are capital-safe but the potential returns are low. But if the risk score is higher than 6, you can easily lose your capital when the market fluctuates.

A risk score within the range of 3 – 6 helps you to both achieve the expected profit and keep your account from being affected much during crises.

You can see this score of an investor as shown in the picture. The risk score is highlighted in purple frames.

Choose an investor that yields a profit level higher than or equal to the expected profit

There is no denying that everyone invests money in order to make a profit. Therefore, it would be very flawed if not considering the return level which an investor can bring to their followers.

Depending on each person, their expected return level will also vary. It also depends on the environment and the size of the trader’s account.

On the Etoro platform, you can view expected returns over different time periods. But for the most comprehensive assessment, you should look at annual profit expectations.

To filter the investors with the expected rate of return greater than or equal to your personal expected return, on the “Copy People” interface, click “FILTER”.

An interface appears. Select “Return” and click “Apply”.

The annual profit filter adjustment window of investors pops up. In the “custom” box, enter your expected profit and leave the following box as it is. Here, I choose the expected return of 30% and click “Apply”.

Find the investor with the desired return

It will show all the investors who meet the search terms within your expected return range.

Which financial instruments do you like to trade? Why?

Etoro has a wide variety of tools for you to trade which covers most people’s needs. It includes cryptocurrencies, stocks, bonds of large corporations in the US. The commodity market includes Crude oil, Platinum, Gold, Silver, ETF, currency pairs, etc.

Everyone has a preference for investing in a different financial instrument. This is based on their predictions about the futures market and other factors.

Because we are choosing an investor to copy trade, it is obvious that we need to know what instruments these investors are trading with.

My advice is that you should choose investors who trade as few instruments as possible. Because in financial investing, a person who is good at crypto trading is not necessarily good at stocks trading. All other financial trading instruments have similar implications.

In this inherently complex financial market, you should find yourself simplicity. Do as Warren Buffett did, at least in the choice of financial instruments. An investor who trades a few financial instruments should always have a special preference in the list of people you intend to copy trade from.

Warren Buffett - The great investor — Warren Buffett – The great investor

Investors’ reputation – the more people believe, the better

An investor who is copied by many people shows that they have a high reputation in the community. There are no ratings for investors on Etoro. However, you can see a person’s reputation by consulting related metrics.

Number of people who copy trade from investors

It is one of the smart ways and should not be overlooked when choosing the perfect investor for you. In addition, a person’s reputation can also be judged through the star just below their avatar and name.

Look at the picture above. Some people are with a red, blue, yellow, or green star.

What is the difference between them when their stars are of different colors?

Blue: Cadet level. The requirements to become Cadets are not too difficult.

Yellow: New star. The criteria are slightly more difficult.

Red: Champion. The criteria are harder than the new star in terms of Equity and Minimum AUM.

Green: This is the most difficult level to achieve on the Etoro platform in terms of all requirements.

It is easy to see that you should choose investors with red or green stars. Due to the strict requirements of the criteria they meet, a higher level proves a higher level of reputation. That is what you are looking for.

Choose a short/medium term investor or a long term investor?

Each person has their own preference for different trading time frames. Some do not want to open too many orders due to the transaction fees involved. Others don’t want their money stuck within orders. They want to see money in their account. Therefore, they want to perform transactions continuously in a short period of time.

For this reason, you need to choose a suitable trader who meets your requirements. On Etoro, you can see this through the “Additional Stats” menu. Just click on the investor you want to see and scroll down to this item in the “Stats” menu.

As shown above, this investor trades 0.67 orders per week on average. For each order, he holds 16 months on average.

Transaction history when trading in Etoro

One of the features that you cannot ignore when choosing an investor for copy trading is to view their transaction history.

All transactions from the early time of investors up to now are listed by Etoro. That is a good basis to choose an investor with good trading strategies.

To view an investor’s transaction history, on the main interface, select “Copy people”. Choose the investors you need to see and go to the “Stats” menu.

In the “Stats” menu, you may notice “Performance”.

This menu will show, month by month, all the profits of the investor in the past, and the last column is for the year. Thanks to this statistic, you may know whether investors are good at managing capital.

In my opinion, an investor who is good at capital management will not lose more than 6% per month. It is my priority to choose a perfect investor and then copy their trade.

Details of each order of investors

In addition, you can also view the history of each trading order of an investor. Change to the “Portfolio” menu and choose “History”. Then, enter the period you want to refer to.

It will help you to have the most complete view on how to manage capital, divide capital, cut loss, etc. of investors. This is the best key for you to decide whether to copy him or not.

You can also view all trading orders or a specific trading instrument executed by investors by selecting “TRADING” on the “Stats” interface.

As shown in the picture above, SparkLiang has opened 37 orders in total. His profit ratio is 100% on the total number of orders (all win). For each winning order, his average payout rate is 92.99%. This is a very good and desirable result for an investor.

This is the rare case in which investors have a 100% profit rate on stocks. This shows you that if you copy when he trades, the likelihood of success is almost absolute.

When should we invest more, copy, or exit an order?

In Etoro, you can customize your copy trading very well. Assume that you initially copy many people. After a while, you see one of them giving good and stable returns and want to invest more.

Instructions for using copy trading

Log into your account. Choose “Portfolio” from the menu on the left. Select the gear icon in the right corner of the investor and then select “Add Funds”. Finally, enter the amount you need to add to copy trade and click “Update”.

If you want to take out money from the funds which you have put your money in, you can choose “Remove Funds” and enter the amount to take out. This taken-out amount will be credited to your account and you will immediately see it displays in the “Available” menu. This solution is often used if you want to make monthly withdrawals from your investments. Regarding the “Available” balance, you can withdraw to your bank account.

You can also pause your copy trading by selecting “Pause Copy” while the previous orders are still active. However, it will not start copying the following orders unless you choose “Pause Copy” once again.

You can also stop copying trades from a trader by selecting “Stop Copying”. All previous copied orders will be closed immediately. And you also terminate copying subsequent orders of that investor.

You can better manage your capital by setting a 2-level stop-loss. Level 1 is the stop-loss from the investor while level 2 is yours by clicking “Set Copy Stop Loss”.

The post How To Choose The Perfect Investor For Copy Trading In Etoro appeared first on How To Trade Blog.

source https://howtotradeblog.com/how-to-choose-investor-for-copy-trading-etoro/

Friday, October 16, 2020

How To Trade In Olymp Trade Using Smartphones For Beginners

This is to provide the capability to trade anytime, anywhere for everyone who is a trader at the platform. The Olymp Trade app is available on your smartphones allowing you to make transactions easily and most conveniently. Today, I will guide you on how to trade in Olymp Trade using the app for smartphones. Follow the article to turn your phone into an online money-making tool with Olymp Trade.

Video on how to trade in Olymp Trade using smartphones

How to trade in Olymp Trade with smartphones

In the previous post, I showed you how to download the Olymp Trade app. After downloading, log in to your existing Olymp Trade account. If you do not have an Olymp Trade account, please register one in the box below.

To enter a trade in Olymp Trade using smartphones, do as follows.

Step 1: Select the 1-minute Japanese candlestick chart

The Japanese candlestick chart is very convenient and easy for analyzing when you trade in Olymp Trade using smartphones.

Step 2: Select the Bollinger Bands technical analysis indicator

Bollinger Bands is an indicator with very high accuracy and very easy to use when trading in Olymp Trade. Set up this indicator so you can trade with a higher success rate.

First, select the Indicator item and then navigate to Indicators.

Next, select Bollinger Bands.

Select the Bollinger Bands technical analysis indicator

Step 3: Set up parameters and enter a trade in Olymp Trade using smartphones

On the Olymp Trade app for smartphones, the simplest and easiest type of trading is FIXED TIME trading (trade with a fixed expiration time). Here, I will show you how to open a FIXED TIME order.

(1) First, choose an expiration time for the transaction.

(2) Choose the amount you want to trade.

(3) Open an UP order if you think the price will be UP within the selected expiration time or a DOWN order if you think the price will be DOWN.

Set up parameters for trades and open orders

You can refer to the example in the instruction video. I opened an UP order when the price created a red Japanese candlestick to touch the middle band (SMA 20) of the Bollinger Bands indicator. This is a signal that the price will increase in the future.

After opening the order, you just need to wait and see the results of opened orders. You can open the “History” to review the results when the transaction is finished.

In addition to the trading strategy in Olymp Trade using the Bollinger Bands indicator above, at howtotradeblog, we offer a lot more trading strategies and methods that are very effective and offer a very high win rate. You can refer to here.

To conclude

Trading in Olymp Trade using a smartphone app is the best way for you to make money from Olymp Trade when you don’t need a bulky laptop or PC. I hope that our tutorial article will help you experience Olymp Trade on your smartphones better. Goodbye and see you again.

The post How To Trade In Olymp Trade Using Smartphones For Beginners appeared first on How To Trade Blog.

source https://howtotradeblog.com/how-to-trade-olymp-trade-app-smartphones/