What is IQ Option And How Does it Work?
IQ Option Kenya is a trading platform that lets you make money through financial instruments like; Binary and Digital Options, Forex, Crypto (СFD), Stocks, and other CFD contracts. It is free to join the platform and to practice.
When you open an IQ option trading account you get $10,000 free demo units which you can use to trade on real market conditions — without incurring any risks.
An IQ options trader can make as much money as he wants within a few minutes and withdraw a few minutes.
In this post, we will explain everything about IQ Option in simple videos.
Watch this complete review of the IQ option Broker to begin.
Is IQ Option Legal in My Country?
Yes, IQ Option is legal in Kenya and in 178 other countries with an exception of USA, Rusia, Canada, Australia, France, Japan, Turkey, Belgium, Sudan, Iran, and Syria who have strict trading rules.
Yes, IQ Option is legal in over 178 countries with an exception of USA, Rusia, Canada, Australia, France, Japan, Turkey, Belgium, Sudan, Iran, and Syria who have strict trading rules.
The rest of the world including Kenya, India, England, South Africa, Nigeria, Pakistan, Sri Lanka… name it… have embraced IQ Option.
IQ Option is also regulated under the jurisdiction of (CySEC); the Cyprus Securities Exchange Commission which makes it as legal to trade with as humanly possible to imagine.
How to Trade in IQ Option to Make Money Online.
Trading with IQ Option is easy. If you have a trading account, log in, and follow the steps outlined in the IQ Option training video below to begin. Create a new IQ Option account if you are a new trader.
Which Device Can I Use to Trade in IQ Option?
You can trade using your phone, tablet, desktop, or laptop.
If you are using a smartphone to trade; either android or iOS, click here to download the IQ Option app that’s compatible with your phone.
How to Start Trading in IQ Option.
Here’s a detailed explanation of how to start trading online. You can follow the steps with your demo account to begin to trade. Note that by trading online, you can either make profits or losses. Trade responsibly.
How Much Do I Need to Trade in IQ Option?
How much do I need to Trade in IQ Option?
To Start Trading in IQ Option, you need a minimum deposit of $10. This gives you access to a standard account which allows you to trade with as little as a dollar.
To Start Trading in IQ Option, you need a minimum deposit of $10. This gives you access to a standard account which you can use to start making money immediately.
You can also deposit $1900 or more to get access to a VIP account which comes with privileges like – risk-free trading, increased profitability, Monthly analysis of your trading with an IQ Option analyst, a personal manager and 3 free eBooks to guide you in trading profitably.
How to Deposit Money to IQ Option in a Few Simple Steps.
You can fund your IQ Option account via a Visa card, Mastro, MasterCard, e-wallets, direct bank wire or through Bitcoin.
The easiest method though is to use a VISA debit or a VISA credit card.
How to Withdraw Money From an IQ Option Account.
Withdrawing money from IQ Option is easy, convenient, and safe.
- Just click on the withdraw funds button on your right sidebar.
- You will be redirected to the withdrawal page.
- Choose the amount you’d like to withdraw – you can withdraw as little as $2.
- Choose where you want to send your profits.
- Your Money will reflect within one business day if you withdraw to Skrill and other e-Wallets. And 3 business days if you withdraw to a bank account.
Tips, Tricks, And Strategies to Use to Win in IQ Option.
You can either use fundamental analysis or technical analysis to trade profitably in IQ Option.
For fundamental analysis (how to trade with political news or economic news); visit this link for a full review of the platform done earlier by our website.
For technical analysis though, just feel free to choose from the list of indicators discussed below.
How to Use RSI to pick trading directions.
The relative strength index (RSI) is a technical indicator used in the analysis of financial markets. It is intended to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period. Wikipedia
You can use this oscillator well on a 14-day time frame.
Do not change the standard settings of the indicator to achieve maximum results.
Watch this 1-minute video to see how the RSI works in IQ Option.
How to win with Bollinger Band Indicators.
How to Trade and Make Profits With The MACD Trend Indicator.
MACD, short for moving average convergence/divergence, is a trading indicator used in technical analysis of stock prices, created by Gerald Appel in the late 1970s. It is designed to reveal changes in the strength, direction, momentum, and duration of a trend in a stock’s price. Wikipedia.
Learn how MACD works in just one minute and 30 seconds.