First of all, a hearty congratulations and I wish you a piece of very good luck. as you just made the conscious decision of making trading as your part of your life and I completely understand the basic questions like How to use IQ Option? & How to trade on IQ Option? & more.
Don’t worry. In this article, I will try to cover all the doubts that you have in your mind and will try to provide you with an idea of How it all works?.
If you are keen to become a long term trader the first and foremost step is to open an IQ Option practice account and start exploring the trading world.
I already covered in my previous article “How to get started with IQ Option?”.
In this guide, you will understand How to properly sign up with IQ Option and get started with the same.
Once you signed up. You will land on the IQ Option traders room from the same you can select your desired assets like currencies, commodities & more.
However, It is really important that you select the right currencies which are less volatile at the beginning of your journey.
Currencies like EUR/USD, EUR/ GBP are highly volatile but equally more profitable.
You can easily select the time frame from the timer menu.
However, It is really important that you select the proper time frame while trading.
If you are a beginner you should always consider the high time frame like 1 hour or 2 hours as they are less volatile.
Again you can select your desired indicator from the indicator menu.
However, It is really important that you practice with indicators in the practice account properly.
Important Point to remember:
Getting started and trading with IQ Option is very easy, However, trading with the real money isn’t as easy as making a cup of tea.
You need to use a proper indicator with the proper time frame to attain a good result.
I will highly suggest you to use support and resistance to confirm your calls and proper money management and risk management while you trade.