This is the most effective trading strategy used for options trading in IQ Option. It has been introduced in detail from how to open an order, how to manage capital, trading psychology in previous posts on Howtotradeblog. The theory is complete. Now, we will come to action through the earning challenge in IQ Option within one month using the T.L.S strategy.
Video on trading using the T.L.S strategy in week 1 that brought in $237
Long-term plan to make money in IQ Option
To find a trading strategy for myself which brings the desired profit, I spent a long time searching, researching, and statisticizing. Eventually, there is a small achievement which is making the first profits. Although a little, it is my non-stop effort.
You are discouraged because the strategy of your own creation has not yielded good results when putting into practice. Please persevere for a period of 3 to 6 months to improve the restrictions. If the loss happens in the long run, you can abandon it to find another suitable strategy.
To build a trading strategy that brings stable returns over the long term, you first need to understand the characteristics of the assets you want to trade. From there, you can use technical indicators to analyze asset movements and habits. Relying on the repetitive price actions of a currency pair to find profits is the essence of all strategies.
Manage capital in accordance with the strategy
Each trading strategy will correspond to the most suitable capital management. We trade depending on the winning rate of each strategy. There is no such thing as an absolute victory so risk management is a shield that protects your account.
Manage risks safely when making money in IQ Option
– I use the Classic (balanced investment) method for the T.L.S strategy. Because it is profitable when you have a high win rate of over 60%. It provides long-term security and sustainability for traders’ accounts. There is no need to choose the amount for each trade because the level of risk has been predetermined.
– Fibonacci is a scientific capital management method. It is biased towards account protection. Opening orders exponentially makes the investment amount on the following orders not much, creating comfortable psychology. The more the loss cycle is, the shorter the capital recovering cycle becomes.
Capital management method for traders who love to take risks
– Martingale is a method of capital management in which you increase the investment for the following order if the previous one is a losing one. This is how to get back your previous loss plus a little profit when you win. In a series of consecutive losses, only one winning order will recover all the previous losses. The exponential increase for the following trades makes it easy to cover losses.
Be careful when using Martingale because when you lose a long chain, the investment for the following order is very large. It causes your account to evaporate very quickly when your emotions surge.
Profits will grow steadily but at the same time, risks are also very easy to happen. If you want to use the Martingale capital management method, you must assess your risk accurately. Or you can limit how many orders for a cycle. I think it should be less than 4 orders.
– Snowball (compound interest) can be said to be a wonder appearing in the financial trading industry. We use the profit on previous winning orders plus capital to open the following order. Just like that, if you have a series of consecutive wins, your account will be many times bigger than the initial one.
In parallel with the rapid growth, the loss of earned profits is inevitable. To utilize the compound interest method, you need to have a trading strategy with high win rates of above 80%. And you need to have great patience to make money by trading in IQ Option.
Let reason decide the investment
What makes traders most likely to lose money in trading is being driven by emotions. That is when you cannot control yourself when you encounter consecutive losing orders or consecutive wins. It makes it easier for you to be overly excited to make transient decisions. In the long run, the loss is inevitable if you don’t know how to control it.
Let reason decide whether to open an order or not. Rely on market analysis. Don’t let momentary emotions affect your investment.
Things to keep in mind when making money in IQ Option
– Do not trade while working. Since this is a game of money, it is essential to concentrate highly to avoid being influenced by the surrounding circumstances.
– Avoid trading while experiencing a series of consecutive wins or losses in transactions. That only makes you more likely to lose when the fear, excitement is happening.
– Do not invest when you are not financial enough to afford to lose that amount of money. Avoid borrowing. Make sure that this investment is idle capital. If lost, it will not affect your daily life. It is to avoid financial psychological pressure affecting investment decisions.
– Stay away from recommendations about a strategy with a 100% win rate. Nothing is perfect, especially in trading. Yet many traders demand terrifying perfection that makes you spend effort, time, and money searching.
– Do not let your losses haunt you in every transaction. Losing in trading is something that you can never avoid. Don’t run away. Stay ready to face it and accept it as a normal part of your trading career.
– Do not trade with poor quality signals or without selection. Most of the signals in the market, though many, are of poor quality. If we are not selective and trade with bad signals then losses will occur.
Online trading orders in IQ Option with the T.L.S strategy
You can see the analysis of each order more intuitively through video. In order to execute the order cycle with such a good record, I experienced countless failures. Every time I failed, I recorded it in my trading log to avoid repeating those things in the future.
Now I can avoid most of the mistakes made in the past. But on the market, there are countless things that we need to learn to become successful. Take the Demo account as a place to practice before entering the fierce market.
One last word
The start was as good as I expected, but that didn’t make me feel complacent. There is a long way to go and I believe this T.L.S strategy will be effective for making money in IQ Option. If the losses last long, then change will happen. But for now, it’s fine for me. Let’s keep track and statisticize on the T.L.S strategy within a month to see how much profit it can make. I wish you success in trading.