If you like to start demo and live trading immediately. Then this quick binary options tutorial in English is for you !
This material is not intended for viewers from EEA countries. Binary options are not promoted or sold to retail EEA traders
Minimum Requirement to Start Trading
You have to be 18 years+ to trade. You will need your National Identity card ( English Only ) / Passport issued by your government to verify the broker account. Also a valid document to be used as address proof. You will be asked to provide these documents by broker at a certain time. So make sure you have these documents before proceeding to step 1 below.
Binary options are prohibited in EEA
General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose
Step 01 - Register with IQ Option broker
Join with IQ Options broker using the below registration form or click here to register to trade instantly.
Step 02 - Use Browser Application or Download the Trading Software
You can trade using the Browser application or using desktop/mobile application. So download using the below links. ( If you have 2GB ram or less, it would be better to use downloaded software to your computer )
Step 03 - How trading works & about Free Demo Account
Using the demo ( virtual money ) account you can practice. Also get familiar with the IQ Option software. You can proceed to step 04 and trade using that way in practice account until you are successful in it. Then you can start live trading with $10 or any amount as you wish mate ( You can deposit using Neteller / Skrill or Credit/Debit card any time ).
Step 04 - How to Trade ?
It is very simple. Click "+" sign on to of the software, Choose "Options" and select any currency pair ( You can open multiple currency charts too ! ). You may adjust the "Time" ( 5 minutes & above is better ) & "Amount" ( start with $1 then gradually you can increase ) from right side bar.
Then you have to just choose either call or put based on your assumption.
If you assume the price will go above the current price in a chosen currency pair. You can choose Call button.
If you think that the price will go down the current price in a chosen currency pair, you can choose Put button.
You will receive your invested amount per trade + upto 80% - 92% profits for correct prediction. In case if your assumption fails, you will loose only the invested amount for that particular trade only.
Step 05 - How to get my earnings ?
If you have deposited using credit/debit card. Then that amount has to be withdrawn first to that same source. Anything above it, you have to withdraw using Skrill or Neteller ewallet ( You can then easily withdraw funds from it to your bank account or mobile wallet ). For example, if you have deposited $500 using your card and say you make around $1200 from it. So your total balance in IQ Option account is $1700 now. You have to withdraw $500 first to your card. Now you will have $1200 in your account right ? So this whole amount or any portion of it can be withdrawn using Skrill/Neteller. it is that simple !
Invest only what you can afford to take a risk with. Do not invest any money taken via a loan or any money that is for your day to day living expenses.
Also refer Money Management for binary Options article for better trading experience.
