Practice with a demo account before putting in real money. IQ Option trading can be risky and complicated. Using a demo brokerage account will allow you the time to get over the learning curve without risking your skin. Use the time in the demo to test your ideas and skills and see what really works.
When trading, leveraging is a very helpful tool for just about anyone. Many people new to trading often make the mistake of utilizing a large leverage, and can easily lose money because of this. When leveraging, you need to take extra care of what you are doing and catch the potential mistakes.
If you are just starting out in IQ Option trading, avoid overextending yourself by trading in multiple markets at once. You will likely only end up confused. Instead, pick a few major currency pairs that you feel comfortable with, and learn everything you can about their trends. Once you've got the hang of it, you can extend your trading to other currencies.
When trading with a broker, it is important that you choose an account package that fits your expectations, as well as, your knowledge level. Meeting with your broker and deciding what is the best move can be tricky, so always go with the lowest leverage when just starting out.
When you are on a IQ Option winning streak, open several trades on the winning investment. That way you will be able to get your winners out and leave one or two in to ride the trend as far as you can possibly ride it. Avoid riding the trend into the loss side.
In order to place stop losses properly in IQ Option, you need to use your intuition and feelings along with your technical analysis to be successful. If your goal is to trade on IQ Option, balance the technical side of things with a bit of gut instinct for best results. You basically have to learn through trial and error to truly learn the stop loss.
Risk-takers do not do very well in IQ Option, so remember to exercise caution at all times. You might hear a few stories about people who risked some serious cash and had it pay off in a big way, but that's literally one in a million. The more common story is the guy who risked too much money and lost everything.
A great IQ Option trading tip is to try using a demo account if you're a beginner. Using a demo account can be great because it allows you to test the waters and you can familiarize yourself a little bit with the market. You also don't have to risk your actual money.
Now you are, perhaps, a little more prepared anchor to get into the IQ Option markets with confidence and wisdom. By learning and preparing yourself in advance, you will substantially increase the speed with which you develop real expertise. Even better, you will already know how to avoid the most dangerous pitfalls waiting for you.