The IQ Option broker developed a free demo account with the following features:. Training on a demo account will enable you to get used to the processes associated with everyday trading and master various strategies. After achieving good results on a demo account, it is time to test your skills in trading for real money. Hence, the next step is to open a trading account with a brokerage company.
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This process takes no more than 10 minutes from the moment of the first click on registration to the verification of personal data. The IQ Option demo account can be switched to a real one by making a deposit. After it, the virtual amount will be zeroed, and the account balance will be equal to the deposited amount. The real trading account gives access to all functions of the IQ Option platform.
Forex is open for everyone. However, individuals can trade only through intermediaries or brokerage companies. Such a company will handle trading on your behalf.
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For this, you will have access to a special platform for e-currency trading. Among a huge variety of brokerage companies IQ Option has been acknowledged as one of the best resources for novice traders. Its advantages speak for themselves:. All this is being proved by a constantly growing number of registered users and many rewards received by the broker. IQ Option is constantly improving its service — the broker adds new tools and features, making trading available to everyone. Forex started in and now it has become the largest and most liquid market in the world.
Foreign exchange is becoming widely popular and trusted among the people of Pakistan, given its successful functioning across the world.
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Apart from the real currencies such as Dollars and Pounds etc. However, Pakistan only allows trade in real currency as cryptocurrency has been declared illegal in the country. IQ Option is a licensed Global service which provides all the favorable conditions to its users under which they can efficiently make Forex trade. It offers a high-quality platform for forex trade which is easy to use and comes with a hour support system. IQ Option provides a Demo account for the beginners to let them get the gist of rules and test their trading skills without risking anything at all.
Making an account on the IQ Option app is also very easy and can be done within a few minutes. However, you should learn the general basics of forex before you decide to make an account. Here we will cover all those basics that you need to learn before starting your own forex trade. Forex trading is done in currency pairs which means that the traders need to select and invest in a pair of two different currencies e. The pairs have been categorized into following three groups: majors, minors and exotic, based on their liquidity which is related to their trading volumes.
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Traders are free to choose any pair from the given three groups. However, one must keep it in mind that a single mistake by him can lead to a total wipe out of his whole balance. The Foreign Exchange market is open five days a week starting from 5 p. EST on Sunday to 5 p. Trades are limited to 5 minute expiry times. This favours day traders who prefer short term trades with high profit potential.
Although the profit potential is high, losing a significant chunk of your account balance within a short amount of time becomes a risk you must keep in mind. One way to avoid such losses is by first trading on your demo account. The unlimited returns makes it a good option for traders who want to build their accounts fast. The short term nature of trades increases the risk of losing money fast.
This can be done through the demo account. It would help if you first register with IQ Option. This online options broker is fully regulated by CySEC. This allows IQ Option to offer their services to traders from Europe, Asia and other parts of the globe. IQ Option is very trader friendly. The trading interface is also trader friendly. Supporting over 10 different languages, the IA Option platform is accessible to people of different nationalities. You can choose to open a demo account or a real account. The platform accepts several payment methods including bank transfer and some of the common e-wallets.
This includes tutorials both written and video that are accessible for free. If you have any questions, their friendly customer support team is always available to help.
Trading Forex in India is Possible with IQ Option
Trade entry is also quite simple. The profit you stand to earn is displayed before you enter a trade. The platform also offers unlimited expiry times. These range from a few seconds for turbo options to several months for standard options. This makes the platform suitable for both day traders and long term traders. The platform also provides a vast array of technical indicators, tools and charts. These make it easier to monitor the price trends of particular assets and make correct predictions when getting into position. IQ Option is one of the few online brokers I found to offer over 1 million different financial instruments.
Complete Beginners Guide to IQ Option Forex Trading
And with the new FX Options, you have a wide selection of assets to trade with. Their assets are drawn from different categories that include, FX currencies, stocks, commodities, indices and cryptocurrencies. This is higher than the average effective return offered by most brokers. Withdrawals are processed within 24 hours if your account is already verified.
You are allowed to withdraw to any of the accepted payment processors. IQ Option FX Options is a new financial instrument that will excite both new and experienced traders. Hello… I would use the practice account just to learn the commands, and a little bit of test trading.
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Real money. The most important thing you must learn on trading is putting yourself together. Controlling yourself. And study the graphics a lot. We have robots out there, and IQ Option itself is not that reliable with its delays and some blocking of orders. I prefer Forex because Binaries are more on the Casino side, has more noise and its time-limit makes it forbidden for the faint of heart. So go for real and small money, control your emotions, and get a lot of screen time. Hello there! How are you? Thank you for the observation however it is more psychological than real.
In demo account you have unlimited funds so you do not care for the loss, but in real you feel even the smallest loss. Please note that both accounts are the same. In case of issues, you can contact us anytime at support iqoption. Thank you for your feedback. Do you have any specific requests or questions about Forex that you would like us to dedicate an article to? This is clearly understood , thanks for this but my question is when I trade with my practice account I have more wins but when I put my real account with the same approach I lose more why? Hello Olaomo! In case of issues, you can contact us anytime.
Thanks for the valuable information and delivering the general understanding of Forex, it is useful and helpful. Hello Amir, thank you so much for your feedback. You can use the demo account to practice and switch to real when you are confident about it. Necessary cookies are absolutely essential for the website to function properly.
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