IQ Option Binary Trading

BASIC KNOWLEDGE METATRADER PLATFORM.

Step 1: Set up your MT4 account

a) Download and install MT4.exe

Step 2: Record your account details

a) Record and keep a copy of your account login information before exiting the registration process.

b) With MT4, you are able to create and access multiple accounts without exiting the program. Please pay attention to which account you are using before placing trades and orders.

As much as we’d like you to go forth and make live pips, we HIGHLY ENCOURAGE you to try demo trading first.
This way you’ll get the feel of the platform without putting any of your hard-earned capital at risk.

Besides, unlike in live trading, you can always add to your capital or open a new one if you blow out your account or if your demo account expires.

1. GOOD RISK MANAGEMENT

I successfully and consistently practice good risk management. (Please note that position management does not equate but only applies to risk management. Hence, reducing lot sizes randomly to fit your present condition does not make you a good risk manager).

2. GROUNDED PSYCHOLOGY

Without the right trading psychology, none of the listed qualities will function properly.

3.INORGANIC ACTIONS

I learn how to exhibit robotic characteristics in executing and managing trades.

4. SET BOUNDARIES

I set unalterable limits or boundaries to optimize risk management and ensure reasonable metrics. This way my emotions can surface but cannot take over my trades.

5. PROVEN STRATEGY

I created a profitable strategy with defined odds.