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How Should I Start?

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Hello! So I'm extremely new to the trading system! I really wanted to get to know some advice on what I can do as I made the careless mistake and have lost a lot of money sadly! However I want to learn how to successfully trade on IQ Option so that I can make a fresh start and hopefully make profit instead of losses! So I ask how should I start? I've been doing some research already, and my current plan is to try out the Keltner Channel strategy, any advice with that stragety or maybe try another strategy to begin with? I'm open for any help as I'd love to be able to come a successful casual trader and make some decent profits to try and help my student bank account accumulate a bit more money haha :P

Thank you in advance! :)


Toni H.'s picture

Hi Joey, strategy is indeed important but there are also other factors you need to consider, risk management and trading psychology are worth to mention. Many new traders fall prey to black-box trading systems and binary robots which are marketed as easy-money machines. Hopefully you are not one of them. If you really want to become a successful trader you have a long way to run. A good start is our academy binary options for beginners Good luck!

Toni H.
LynnJohn's picture

In South Africa, traders are increasingly looking for ways to connect with the global commerce industry and trading is just as popular in this country as it is in other places across the world. There is a strong financial infrastructure in place that took years to establish, which now offers users of financial products security and peace of mind. The financial sector within South Africa is likely the most liberal and most advanced one of the entire continent, and as such, binary options are gaining in popularity among traders due to how easy they are to learn and trade.

IQ Option's picture

Hello! On IQ Option you may first start with the training account. The training platform is just like the real one, the only thing which differs is that your training account has a virtual balance. You will get the access to the platform where you can trade on several of instruments: CFD, Crypto, Forex, Binary and Digital Options.

Also, I want to give 6 tips of the successful trader:

1. Only trade with money you can afford to lose.
2. Be patient.
3. Be disciplined.
4. Never risk too much capital on one trade.
5. Don’t second-guess yourself, but do learn from experience.

Note that I am not giving you an investment advice. The financial services provided by this website carry a high level of risk and can result in the loss of all your funds.

You may also use indicators. Indicators are the tools to make your trading more clear and, in some way, easier as it is used forecast financial or economic trends.

IQ Option
Hirose LION Binary's picture

Hi, Hirose LION Binary agree with 6 tips Iq options told us!

In addition to above tips,
- Emotion Control - Be patient and be careful when you are heating up. You are nearly losing your temper and your trades!
- Money Management - Make plan how much you trade each day. Eg. Target for profit = $100, loss = $50. When you reach those amont, stop trading and trade at next day.
- Strategy - Better have some strategy. We will support too if you are not sure how.

Hirose LION Binary