Are you looking to make your first trade on IQ Option? Online trading can be a challenging experience when starting out. Don’t worry, you’re not alone.

Having helped over 50,000+ of my student make their first trade on IQ Option, I’ve decided to create this in-depth step by step guide on how to trade on IQ Option without being an expert on forex/option trading.

Here is an overview from start to finish of all the steps i’ll walk you through in this guide.

  • How to successfully setup your trading account
  • Understanding all the trading features on the platform
  • How to make your first trade using my free strategy
  • Some Frequently Asked Questions (FAQs)

Before we start making our first trade on IQ Option, let’s cover some of the most commonly asked question i get.


What do i need to start trading?

To start trading on IQ Option, you’ll need the following:

  • A trading account – IQ Option offers two types of trading account. The Demo and the Real account. Both include all standard trading features only that on the real, you’ll need to make a real deposit.
  • Choose an Asset – An asset is simply what you want to trade on. E.g bitcoin, gold, USD/EUR or even Facebook stocks.
  • Your Prediction – After choosing an asset you want to trade on, you simply predict if the value of the asset will increase or decrease. If your prediction is correct, you’ll make a profit between 60-95% of your traded investment.

Is IQ Option Regulated?

Before creating an account on any Forex/Option broker, traders need to verify if the broker is regulated. In the Trading industry, we have what we call the Regulators.

They provide strict rules that the brokers (e.g IQ Option) must follow. This prevents the brokers from scamming valuable traders.

IQ Option is regulated by the following regulatory bodies:

  • Cyprus Securities Exchange Commission (CySEC)
  • Markets in Financial Instruments Directive (MiFID)
  • Seychelles Financial Services Authority (FSA)

Is IQ Option a Scam Or Legit broker?

The simple answer to this is NO, IQ Option is NOT a scam. why? because IQ Option is a regulated broker. Traders loose a lot of their investments due to lack of proper trading skills and strategies.

With the right strategy and skills, IQ Option is legit, trusted and safe to trade.


Is IQ Option Legal in my country?

IQ Option does not accept traders from all countries in the world. This means that if your from this countries, you’re not allowed to create an account on IQ Option.

IQ Option does NOT accept traders from this countries:

  • USA
  • Canada
  • North Korea
  • Australia
  • Belgium
  • Iran
  • Israel
  • Japan
  • Latvia
  • Palestine
  • Russia
  • South Sudan
  • Syria

Traders from other countries are allowed to trade on the platform.

To be a successful trader on IQ Option, you need to educate yourself intensively, so you don’t loose all your investments.

Let’s get started!

How to Trade on IQ Option Video Tutorial

If you don’t like the video or need more instructions, then continue reading.

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RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK


STEP 1: Account Setup

iq option broker description
IQ Option Broker

IQ Option is one of the world’s leading online trading platform that offer traders the opportunity to trade binary options, digital options, stocks, cryptocurrencies, forex, CDFs and ETFs.

IQ Option has made trading very easy as traders only need to predict if the price of the asset will INCREASE or DECREASE within a setting period of time (called the expiry time). And if the predictions are correct, a profit within the range of 60-95% is gained instantly.

This kind of trade is clearly different from the normal forex trading which do not have a fixed expiry time. IQ Option uses the Bespoke trading platform which is different from other regular brokers who use MT4 and MT5 platform.

This means that all trading must be done on the IQ Option platform and no third party software is required.

Setting up a trading account has always been a major issue in the past, as traders where required to provide valid IDs before they could setup a trading account.

Brokers like IQ Option has made account creation easy and fast. With just a valid email address and a strong password, you could have instant access to the forex market and start trading immediately.

IQ Option offers two main account types:

  1. The Demo/Practice Trading Account
  2. The Real/Live Trading Account
iq option demo vs real account
IQ Option Demo vs Real Account

On the Demo Account, we don’t need to deposit any money to start trading. We’ll be given free $10,000 virtual (fake) money to test the platform and place your trades real time.

All profits made on the Demo account cannot be withdrawn and if we exhaust the $10,000, we can always request for more. The Demo account was created for beginners who just want to test out the platform and are new to forex/option trading.

On the Real Account, we need to deposit real money to our trading account. All profits made on the real account can be withdrawn at anytime. The real account is for experienced traders who want to start trading and making real profits immediately.

It should be noted that we can always switch between the Demo and Real account at anytime. Also the market movement (chart) is the same on both the real and demo account.

I always advice my students who are starting out, to make good use of the Demo account first. Once they are confident to trade on their own, they can switch to the real account.

Now it’s time for us to setup our free Demo Trading account.

For those on desktop, you’ll need to go to the IQ Option website in a new browser window and click on the blue ‘Open Your Free Demo Account‘ button.

iq option sign up page
IQ Option Sign Up Page On Desktop

For those on android devices, using this link will take you directly to the updated app on the Google Play Store.

iq option on google play store
IQ Option App On Google Play Store

For those on apple devices, using this link will take you directly to the updated app on the Apple App Store.

iq option app on the apple app store
IQ Option App On Apple App Store

Once installed, you’ll be required to provide a valid email address and a strong password to secure your trading account.

On account creation, you’ll be given the Demo account loaded with $10,000 on default. All our trading will be done on the demo account.

Now we have our trading account ready, it’s time we understand some of the trading terms and features on IQ Option platform.


STEP 2: Trading Terms & Features

iq option trading platform
IQ Option Trading Platform

Before placing our trades on IQ Option, we need to understand all the major trading terms, and how to effectively make use of the features available.

Assets: They are financial instruments available for us to trade on. It can be accessed on the top-left corner of the screen.

IQ Option allows traders to trade on the following assets:

  • Currency Pairs: EUR/USD, EUR/GBP, USD/CHF, EUR/JPY, NZD/USD, GBP/USD, EUR/RUB, USD/RUB, AUD/CAD and other major pairs
  • Commodities: Platinum, Gold, Silver, Crude Oil
  • Crypto: Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, Ethereum Classic
  • Stocks: Amazon, McDonalds, Coca-Cola, Microsoft, Yahoo!, Google, Facebook and many more.
  • Indices: NASDAQ 100, Dow Jones, S&P 500, FTSE 100, DAX and CAC 40
assets on iq option
Asset List On IQ Option

Call Option: This is the Big GREEN button on the right hand side of the screen. This button is clicked when we predict the value of the asset will increase. It’s also called the Buy/Higher Button.

Put Option: This is the Big RED button on the right hand side of the screen. This button is clicked when we predict the value of the asset will decrease. It’s also called the Sell/Lower Button.

call and put button
Call and Put Option Button

Expiry Time: This is know as our expiration time. It’s the total duration at which our predictions will last. IQ Option expiry time ranges from 60 seconds to days. This means we can set your trade to end within seconds, minutes, hours or days.

All expiry time options, comes with different profit levels. The lower the expiry time the higher the profits. The expiry time can be set at the top right hand corner of the screen.

Amount: This is the total amount of investment placed for each trade. E.g If we set an amount of $100 and we place a trade. If our predictions are correct, we’ll make a profit of 90% that’s $90 profit.

expiry time and amount on iq option
Expiry Time and Amount Section

Trading Chart: This is the graph that illustrate the real time movement of the asset price. Chart types available on IQ Option includes:

  • Line
  • Candlestick
  • Bars
  • Heikin-Ashi
iq option chart types
Chart Types On IQ Option

Now we understand all the major features on the IQ Option trading platform. We are going to use this features when making our first trade on IQ Option.


STEP 3: Making Our First Trade

making our first trade on iq option
Making Our First Trade On IQ Option

Before making a prediction on an asset, we need to have something guiding our prediction. In forex/option trading, we have what is called “Market Analysis“.

Market Analysis is a quantitative and qualitative assessment of a certain market. In forex/option trading, We have two types of Analysis:

  1. Fundamental Analysis: This tries to predict the price movement from information gotten from news outlet. E.g. when we hear in the news that the price of bitcoin will increase.
  2. Technical Analysis: This tries to predict the price movement by studying market statistic, such as past price movement and trading volumes. In this technical analysis, we make use of statistical instrument like the Indicators and Oscillators.

The different combinations of the Indicators and Oscillators results in what we call a “Trading Strategy“. Am going to share one of my free beginner strategies with you. We are going to use this strategy in making our first trade on IQ Option.

I shared this strategy on my YouTube channel and also with my students on telegram. Make sure you implement this strategy on your Demo trading account.

IQ Option Beginner Strategy Video Tutorial

If you don’t like the video or need more instructions, then continue reading.

Visit IQ Option

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Step-By-Step IQ Option Strategy Implementation:

Step 1: We select our asset type. I recommend we use the EUR/USD pair for this strategy.

eur/usd currency pair
EUR/USD Currency Pair

Step 2: We change our chart to Candlesticks

chart type to candlesticks
Chart Type To Candlesticks

Step 3: We set our candle time period to 15 seconds

candle time period
Set Candle Time Period

Now that we have selected our asset and set our chart type to candlesticks, its time we add our 3 Indicators and 1 Awesome Oscillator

Step 4: We add the first indicator of moving averages.

indicator of moving averages
Adding The Indicators Of Moving Averages

Set the following parameters:

  • Period = 7
  • Type = WMA
  • Color = YELLOW
  • Thickness = MEDIUM
set first moving average
Set First Moving Average

Step 5: We add the second indicator of moving averages.

Set the following parameters:

  • Period = 18
  • Type = EMA
  • Color = RED
  • Thickness = MEDIUM
second moving average
Set Second Moving Average

Step 6: Now we add the third indicator of moving averages.

Set the following parameters:

  • Period = 25
  • Type = EMA
  • Color = RED
  • Thickness = MEDIUM
set third moving average
Set Third Moving Average

Now we done setting up our three indicators of moving averages, it’s time we add our awesome oscillator.

Step 7: Select momentum and choose the awesome oscillator from the available options

adding awesome oscillator
Adding The Awesome Oscillator

Set the following parameters:

  • Slow Period = 35
  • Fast Period = 4
setting the awesome oscillator
Set The Awesome Oscillator

Now we done setting our indicator and oscillators. Lets see how we can use this strategy to make profits on all our trades.

Below the chart, we have our awesome oscillator. The awesome oscillator has two sides;

  • The Positive
  • The Negative
oscillator positive and negative sides
Awesome Oscillator Sides

Having this at the back of your mind, we then monitor the three indicators of moving averages.

When the YELLOW line crosses the two RED line in the upward direction, and our awesome oscillator moves to the positive side, we click the Higher Option (green button).

when to click call option
When To Click The Higher Option

Also, when the YELLOW line crosses the two RED line in the downward direction, and our awesome oscillator moves to the negative side, we click the Lower Option (red button).

when to put option
When To Click The Lower Option

I’ll need you to test this strategy on your Demo Account first, before switching to the real account. Always make sure you receive both signals from the three indicators and the awesome oscillator before placing your trades.


Frequently Asked Questions (FAQs)

Having helped thousands of traders on IQ Option trading , i have answered quite a lot of questions. Below are the answers to the most frequently asked questions about IQ Option.


How can i withdraw my profits from IQ Option?

IQ Option allows a minimum withdrawal of $2 and a maximum withdrawal of $1,000,000 per day. They are no withdrawal fees and the following withdrawal methods are available.

  • E-Wallet – Skrill, Neteller, Webmoney and FasaPay
  • Credit Card/Debit Card – Master card and Visa card
  • Wire Transfer – Direct Bank Transfer

How To Withdraw Your Money From IQ Option (Step-By-Step):

  1. Log into your IQ Option trading account (Web or App)
  2. Click on the drop down menu at the left-hand corner
  3. Select “Withdrawal” from the list of options available
  4. Select the withdrawal method you want to use
  5. Wait few minutes for your withdrawal request to be granted
  6. Smile to the bank and cash out your profit

Can i auto trade on IQ Option?

At the time of writing this guide, IQ Option does NOT support auto trading on their platform.

This means that auto trading done by automated trading robots are not possible on IQ Option platform. Traders are therefor required to make their trades themselves.


How can i deposit money to my IQ Option trading account?

IQ Option allows a minimum deposit of $10 and a maximum deposit of $1,000,000 per day. They are NO deposit bonuses and the following deposit methods are available.

  • Cryptocurrency – Bitcoin (BTC)
  • E-Wallet – Skrill, Neteller, Webmoney and AstroPay
  • Credit Card/Debit Card – Master card and Visa card
  • Wire Transfer – Direct Bank Transfer

How To Deposit Money On IQ Option (Step-By-Step)

  1. Log into your IQ Option trading account (Web or App)
  2. Click on “account type” and select real account
  3. Select the deposit method that’s best for you
  4. Type the amount you want to deposit
  5. Wait few seconds for your deposited amount to show on your account

Is IQ Option Gambling Or Not?

First lets define what’s gambling; “Gambling is simply betting on something of value, with an uncertain outcome“. with this definition, this question depends on how you make your predictions and place your trades.

Lets say you heard from the news that the price of bitcoin is increasing. Then you heard over to your trading account and place a trade on the bitcoin asset. This trade can not be classified as an “uncertain outcome” because you did proper market analysis before making your prediction.

So therefor, IQ Option can not be tagged “Gambling“. Proper Market Analysis is key in Forex/Option Trading.


Can i get more winning strategies?

Yes you can. As a professional trader trading for more than 5 years now, i’ve formulated a lot of winning strategies that can work on different trading platforms and IQ Option is not left out.

Chat me up on telegram @RichardFesta, and i’ll add you to my private mentorship group. In this group, you’ll get all my winning strategies, trading tips and guidance.


Conclusion!

Now you’ve made your first ever trade on IQ Option. Hope your making profit with the strategy i shared? Always try not to rush when making a trading decision. Be patient and study the market variations before placing your trades.

I’ll be at the comment section below to answer any questions you’ve got.

Happy IQ Option Trading!

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RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK