how to trade binary options in iqoption
binary means two. same applies to here, binary options gives you two options to choose. That is going high / up or going low / down.
you can trade cryptocurrencies such as bitcoin, ethereum, ripple, Tron, bitcoin cash, NEM, Lite coin, Zcash, IOTA or options such as USD, EURO, YEN, AUD, NZD, GBP, CHF, NOK, CAD etc or commodities like gold, silver, platinum, crude oil or stocks of companies like uber, facebook, snapchat, twitter, vodafone, visa, unilever, tesco, t-mobile, verzion, wal-mart, tesla, at&t, spotify, paypal, nike, netflix and many more through iqoption trading platform.
for binary trading you have options/ fiat currencies mentioned above. binary traders use very low expiration time for most of times but it depends on the trader's experince in the feild of trading.
now let's see how to place a trade
first open your iqoption client application or browser window. if you do not have a account yet, click here to make a one with $10,000 demo money.
in this example you can see the EURO and GBP currencies as your options, If you click HIGHER / the green color button that means you predicted that within the expiration time the price of the curriency will go higher that the one right now, If you click LOWER / the red color button that means that you are predicting that the price of the selected currency pair will go down related to the price right now. This is the binary trading.
also at the end of expiration time there will be a lockdown time, this will depend with your time selected. within this lockdown time you cannot trade or place your trade decision, but you can open a new window and place a new trade. you have the ability to sell your open trade from the top corner of the window but it will too get locked at the last few seconds.
you can select the amount you want to invest from the amount section in right hand side, you can trade from $1 to $20,000 per trade as you wish.
then you can select the expiration time from the right hand side bar from 'time' section. expiration time depeneds on the talent of the trader.
if you execute a successfull trade you will gain up to 91% more, meaning if you invest and trade $100 in a successfull trade you will get back $191.The percentage will depend on the situation of the market. It is up to you to select a good currency pair and a higher percentage.
you can use your mouse wheel to zoom in or out in the iqoption platform, you can do this via web browser or windows application. If you are using android or IOS app you can use use two fingers and zoom in or out like you are doing to a picture. It will help more to see clealy the actions.
to select other currency pairs / cryptocurrencies or commodity you can click the 4 gray square button just to the right side of iqoption logo.
for more advanced lessons in trading iqoption check out our lessons page