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A Detailed Guide to the IQ Option Trading Interface

A detailed guide to the IQ Option trading interface

The IQ Option trading interface is one of the best among options trading platforms. It’s intuitively designed and packed with numerous features that will come in handy in your trading career. This guide will detail the different features that you’ll find on your IQ Option trading interface.

Contents [show]

Main settings tab (1)

This is found at the top of your trading interface as a bottom pointing arrow. Click on it and you’ll find quick links to settings such as uploading your photo, editing personal data, deposit and withdraw links, general settings and the Log out option.

The general settings link can be used to change language and interface appearance among other settings.

Account balance (2)

The account balance appears on the top right of your interface. It’s orange if you’re using the practice account and green in the real account. Beside the account balance is the deposit/withdraw button.

Multi window view and asset selection (3)

The multi window view tab is at the top left of your interface. It is used to change view from one to up to 4 window view. This comes in handy when you’re trading several markets at the same time.

The asset selection feature appears as a + “plus” sign at the top of the IQ Option trading interface. This is used to quickly select a financial instrument to trade with.

Sidebar (4)

The sidebar contains quick links to different features. It appears on the right edge of your IQ Option trading interface. Some of the features you’ll access here include your trading history, active trades, chat and support, market analysis and video tutorials.

Chart, tools and indicators (5)

The chart, tools and indicators appear in the middle of your trading interface. Right below the chart is the “Chart type” feature that allows you to alternate among candle, line, Heikin-Ashi and bar charts.

Below this is the time interval feature that allows you to choose the time interval between bars or candles. Next are the graphical tools which are used for technical analysis. Finally, you’ll find the indicators feature which is used to apply different technical indicators to your chart.

Market history bar (6)

This feature comes in handy during the analysis stage. It allows you to analyze the market from several months back to as recently as 2 minutes ago.

Amount (7)

This feature is at the right side of your trading interface. This is where you’ll enter the amount you want to invest in each trade.

Higher (buy) and lower (sell) buttons (8)

These are the trade entry buttons. The higher/ buy button are used to enter a call trade. The lower/sell button are used to enter a put trade.

Market specific features

When trading options, the right side of your trading interface will include the expected return (percentage) and the time. The time feature is used to determine when you expect the trade to expire.

When trading forex and CFDs, the right side of your trading interface will include a multiplier and auto trade close features.

Do you find the IQ Option trading interface easy to use? Share your thoughts in the comments section below.

Good luck!

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Factors to consider when making your personal trading checklist.

1. Market Trend.

As you plan out your personal trading checklist you need to consider the current market condition. You will have to define your market and decide whether you will go with it or against it. If you are new to trading it is usually recommended that you trade with the current market trend. Doing this will increase your chances of making a profit, another good thing is that you don’t need to have a specific opening price.

You can have something like this in your checklist, “The trade is the direction of the trend.”

2. Trade investment money.

The personal trading checklist also gets you to pay attention to your investment amount. Having it in mind will help you keep your eyes on the prize by reminding you just how much you intend to make from the trade. You will also need to make sure that the trade amount is right before you begin trading.

The statement on your checklist could be something like this, “The trade is the right amount.”

3. Trading News and Announcements.

You need to have a trusted source that will give reliable news and announcements on what’s happening in the trading world. Considering such news and announcements might influence a change of mind and help you dodge certain losses.

Have something like this in your trading checklist, “Check on relevant news or announcements.”

4. Your Physical and Emotional state.

Trading requires you to be in good physical shape and have the right mindset. Failure to this and you might end up doing the wrong market analysis which is only followed by initiating a losing trade. The only aftermath in such a case is sustaining heavy loses.

You might have something like this in your personal trading checklist, “Am in good physical and mental health.”

5. Risk-reward ratio.

This is a measure of your expected profit for each dollar you invest in a trade security. (1:6 means that for every one dollar you risk, you stand to make six dollars.)

After you have established your risk-reward ratio, you will be able to know whether or not to set a stop-loss order in your trade. This is an automatic order to close a trade whenever the market goes below a certain price. It’s main aim is to make sure you don’t incur heavier losses.

Have something like this in your personal trading checklist, “The trade’s risk-reward ratio is favourable.”

Coming up with your personal trading checklist might seem difficult at first but it might be what sets you out to make a profit or loss. Always remember it will be different for each individual trader. For more info on trading plans and strategies look here.

Goodluck!

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