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:
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.
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.
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.
(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.
- 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.
- 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
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.