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binoption-blog · 5 years

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3 Amazing features with IQ Option

IQ Option online trading platform offers various trading features for their traders. These trading features will help you to trade successfully and evaluate your trading strategies.

We will mention about 3 popular trading platform features that are usually used by professional traders. If you want to know about other available features of this regulated broker, then our recommendation please read our detailed IQ Option Review.

1) Take Profit / Stop Loss:

This feature will help traders to minimize the trading risk. Take Profit / Stop Loss will close the trading deal automatically when the price of an underlying asset reaches a certain predetermined level. Take profit is usually used when a trader wants to secure profits and stop loss is used when a trader wants to cut losses. In other words, traders used this term when they want to exit the market at the right time.

In IQ Option, traders who are ready to trade binary options will not get the opportunity to use stop loss/ take profit. Instead of this, they can close the deal before the expiration time.

When using this feature, a trader wants to balance the values so that they can collect the maximum profit and do not lose too much. Keep experiencing this feature with IQ Option Trading App and make your trading perfect to reach the right balance.

2) Market-on-Open:

Forex traders can trade a market while the market is not open. They can perform trading 24/7. This is called the OTC (Over the counter market) market. This feature will help you to trade or Bue and sell orders when the market is closed.

Forex and CFD are not traded on the weekends. Traders can still place an order using this feature. This is an opportunity a lot of traders would like to utilize.

You need to follow a few Trading Strategies to trade the OTC market. The price will change a bit when the market will open.

3) Trailing Stop Loss:

Functionally, trailing stop loss is very close to the regular stop loss feature. However, it works a little bit differently. Traders can change the regular stop loss manually whereas, the trailing stop loss is adjusted automatically based on the amount or percentage traders set.

This difference makes it a very special tool. If you apply this trading feature correctly, it will definitely boost up your profit level.

The negative threshold is calculated as a percentage of the opening price of your trading deal and can go low as - 95% even lower than this if you avoid using a trailing stop loss.

The trading deal will not be closed until the current price drops below the opening price when the trend is in your favor. However, when the trend is about to reverse, the deal will close no matter if you are already generating a certain level of profit.

You can utilize these 3 features to make the most out of your trading.

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