Trading Bitcoin in IQ Option is very simple. One has to do a click and pay one dollar from the account. Here, easy steps to do Bitcoin trading is given. How to Trade: Choosing CFD to buy or sell from the main menu by clicking “Open new asset” button in the trade room. Picking Bitcoin as the currency. Jan 03, · The IQ Option Bitcoin App Is a % Reliable Broker to Trade Bitcoins: IQ Option Bitcoin broker is a binary options broker whose rights belong to Alta Vista Trading Limites, located in Seychelles, however, it is operated by Info field Premier Limited in Cyprus. It is currently regulated by CySEC, making it much safer when making investments. Trading Bitcoin on IQ Option One easy way to trade Bitcoin is by using support and resistance. As mentioned before, BTC prices usually remain within a range before a trend finally develops. It can remain within this range for hours or even days.
How to trade bitcoin with iq optionGuide to Trading Bitcoin on IQ Option - IQ Option Wiki
The Bitcoin value would double or even triple in a matter of days. Today, its value has stabilized although there are periods of high volatility.
For long term traders wishing to hold position for several hours or even days , Bitcoin makes a good asset to invest in. If you take a look at the 1 hour interval chart below, Bitcoin doesn't experience major price movements. However, once a trend is adopted, there's an opportunity to make hundreds of dollars in profit over a short period of time. When trading Bitcoin or any other cryptocurrency on IQ Option, it's therefore important to focus on long term trading.
It's worth noting that IQ Option will charge an overnight funding fee. This is a small fee charged to your account if your trading position remains open overnight. One easy way to trade Bitcoin is by using support and resistance. As mentioned before, BTC prices usually remain within a range before a trend finally develops. It can remain within this range for hours or even days. This makes it easy to identify strong support and resistance zones in your chart.
The good thing about Bitcoin is that once the support or resistance level is broken, the developing trend is usually strong. Next, switch to a 15 minute candles chart. This will make it easier to identify prices when they're about to break the support or resistance. Using the chart below, you'll notice that the price starts to break out of the resistance indicating an impending uptrend. You should wait until the candles close above the resistance.
Then enter position lasting 1 to 3 hours. Still using the chart below, you'll notice that the price of Bitcoin increases from about to over a 3 hour period. Trading Bitcoin and other cryptocurrencies on IQ Option can be lucrative even for beginner traders. Unlike options trading Bitcoin actually means that you have control over the asset. The only disadvantage to trading Bitcoin is that it takes sometime before an apparent trend develops. In addition, it's best suited for traders who want to hold position for a long time.
Now that you've learned the basics of trading Bitcoin on IQ Option, head over to your practice account and try this crypto out. Share your results in the comments section below. Average rating 4. Vote count: No votes so far! Be the first to rate this post.
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Since their … [Read More What is the wedge pattern? A formation that is called the wedge pattern is the chart pattern which … [Read More John Ehlers designed a technical indicator in It is known as the Center of Gravity and belongs … [Read More What is slippage?
While trading CFD you can face the slippage effect. Let's take an example. You see … [Read More IQ option started trading with binary options back in It has since grown to become a leading broker that processes approximately 2 million trades per day. Before IQ Option cryptocurrency platform, there were very few other services that offered spreads of digital currencies. Still, none came close to offering such a variety as IQ Option does.
When trading in an emerging market such is in cryptocurrency, it is crucial that you have access to easily purchasing options on the freshest currencies. The IQ Option Bitcoin platform makes it easier for traders trading Bitcoin by creating a wallet for them and handling the complex blockchains.
This, in turn, makes it easier for investors to speculate with digital currencies like BTC without worrying about creating a wallet or following up with the blockchain. Although all three instruments offer the ultimate trading experience, they should be used depending on their long or short term position and their personal trading style.
This is the basic and most obvious choice when working with Bitcoin. The strategy for trading with Bitcoin Purchase is quite straightforward.
All you need to do is buy or sell your Bitcoin and then keep the newly acquired position open for as long as possible to cover the spreads and make a reasonable gain. This instrument is very similar to online cryptocurrency exchanges and forex trading. The trader is advised to buy the digital currency only if they believe that the price of the Bitcoin will increase with time. If, on the other hand, the trader predicts that the asset will deteriorate, they should short sell it.
With Bitcoin Purchase, no multipliers are involved, which makes it harder for traders to lose their entire investment capital in a single trade. Therefore, the further the BTC price moves from its opening price, the higher your profit. After choosing the amount, click on the Buy or Sell button to enter the position. Once you have successfully entered a position, you can monitor it LIVE. Here, you can enter the take profit or stop loss orders based on your trading strategy.
Choose your preferred payment method. Note that you can put money to your account using both fiat and Bitcoin. Select how you want to withdraw your funds from IQ Option to your account. Although you can deposit in Bitcoin, you cannot withdraw any digital funds. All profits on IQ Option are processed in Fiat. The spread for Bitcoin at IQ Option changes according to the current market conditions and the selected leverage. As of 2nd April , the spread was ranging at around 7.
The overnight fee is on buy position