Iq option bitcoin trade
IQ Option’s Bitcoin In order to trade Bitcoin with IQ Option, you first have to open an account. It can be either a demo or a real account, with both account types you have access to BTC along with several other cryptocurrencies that the broker features on the platform. Feb 08, · Bitcoin trading drew the attention of both professional investors and the general public alike after surging % in a matter of only one year. When working with IQ Option platform, traders can choose from three BTC/USD aicrypto4.de: Vasiliy Chernukha. Trading Bitcoin on IQ Option Cryptocurrencies are one of the common issues that are growing a consistent balance as an alternative to buying and selling products and incentives on the internet even. Cryptocurrency is a kind of virtual currency that is becoming popular as time progresses; more investors are engaged in virtual trading.
Iq option bitcoin tradeIQ Option's Bitcoin - How to trade it & BTC Trading Conditions |
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. Your email address will not be published. Expert Option and IQ Option are two of the most popular online trading platforms. 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 is an innovate platform. It wants to meet its clients' needs so it introduces new features … [Read More Contents 1 Cryptocurrencies offered on IQ Option 1. How useful was this post? Click on a star to rate it! As you found this post useful Follow us on social media! We are sorry that this post was not useful for you! Trading bitcoin on the iq option platform is very simple and fast.
The bitcoin binary options trading procedure is provided below. First of all, you need to go to the iq website or install a mobile phone app and sign in to your account.
If you do not have an account, select on the main page of the website and fill in the necessary information name, username, email, password, contact details, nation, birthdate and accept the terms and requirements of the account.
You are welcome to start using it now. There are two distinct types of trading accounts accessible for the iq option: The standard and the demo account. On the left side of the platform, you can see a drop-down box that enables you to choose which available resources you would like to share. Cryptocurrencies, foreign exchange, securities, indices, and commodities are open tools to glance at. You may explore resources by classifying or using their capability to identify a specific resource.
In that case, it is bitcoin. You will have the choice of inserting the amount you would like to trade on the right side of the trading platform, whether you want to buy or sell.
The more you reach, the more bitcoin you can buy. If you want to multiply the probable gain by a coefficient, you may also add a multiplier. But the multiplier also increases the risk. But obey your trading strategy, of course. Later, a window will be opened to reach your place. Then predict whether the price will increase or downward and choose accordingly.
You may also automatically terminate the transaction if the resource crosses the threshold you have defined. Since patterns are linked to the BTC financial reach, you can use help and resistance to make use of your benefit.
The evolving pattern is high when the support and resistance level of bitcoin is split, so when illustrating the levels, you should suggest using 1-hour interval candles. Later, switch to a minute candle chart so that when the support and resistance level is disrupted, you can immediately understand them. If you see an uptrend accompanied by values bursting out of the resistance stage, stay for the candles to close up.
When it does, you can reach a trading position that extends from 1 to 3 hours. IQ trading with bitcoin will open windows to many extraordinary investment opportunities. Because of its continuing craziness in the industry, this coin is often listed separately. IQ options also call for low-requirement fees that enable novice traders, and iq options can be regarded as a union position for all forms of clients.
So, this is how to exchange with bitcoin in the iq option platform.