Are you considering trading binary on IQ Option or any of the other platforms out there? If your answer is yes, then this article is for you.
One of the first online businesses I started when I decided to work online was binary trading.
When I started, I did not know about IQ Option so I used Binomo and I can categorically tell you that I lost a lot of money there.
After a while, I came across IQ Option and even though I still lost some money on that platform (which was my fault by the way) it has been the best platform I have used.
Well you may want to ask why I said it was my fault.
Let me explain
When I started trading on the IQ Option platform, and even on Binomo, I never sat down to learn how it all works.
All I did was when I saw the chart going up I place a trade and when I saw it coming down I placed another trade.
This I can say was the most stupid thing I have ever done and it cost me a lot of money.
After learning the hard way, I decided to put it on hold so I can learn how binary really works and how best I can maximize the IQ Option platform.
With the use of books and YouTube videos, it has helped me to understand the platform much better and made trading much easier.
As a trader, decision making is something you can’t do without.
No matter your level whether you are a beginner or an expert, the decisions you take while trading will go a long way to determine your failure or success.
When it comes to trading, there is no such thing as a refund. This is the reason why you have to be very careful so you don’t make a wrong decision when trading to avoid loss.
Trading requires you to know when you need to open a trade and when it’s best you close your trade.
When trading, how you start really matters so if you get it right from the onset you are sure to succeed but if you start without proper knowledge you will fail.
I have heard my fair share with trading IQ Option and over the years I have learned something which I would love to share with you in this article.
Without wasting much time lets dive into the 6 things you need to know before trading IQ Option.