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, make sure you are thinking in terms of probability, not certainty. This is a basic fundamental of trading. "Knowing you are right" when the chance of actually being successful are down will work against you because you had a slim chance to succeed. Making negative trades is all a part of the learning experience when it comes to trading.
Don't use your emotions when trading in IQ Option. You will be less likely to take stupid risks because you are feeling emotional. Emotions will always be present when you're conducting business, but try to be as rational as possible when making trading decisions.
To protect yourself from shortfall, have an exit strategy in mind before you make an investment. An easy way to do this is to place a stop-loss order every time you make a take-profit order. If your take-profit order works out, you can reap its benefits, but if something goes wrong, you have your stop-loss order to fall back on.
Listen to your intuition when trading. If something about the trade bothers you, even if you cannot define the reason, do not make the trade. By listening to your instincts and intuition you can avoid any frustration later if you lose money on the trade.
IQ Option robots don't work. If a book on IQ Option promises to make you wealthy, don't waste your money buying it. These products are essentially scams; they don't help a IQ Option trader make money. It is only those peddling these products who make money off them. If you wish to educate yourself further in the field of IQ Option trading, consider hiring a professional trader for some individual tutoring on the ins and outs of successful trades.
You should never use IQ Option trading just to feed your own desire for excitement. Being successful with IQ Option trading requires discipline. You can't just make a trade for fun and expect to be successful. You can not be foolish when making these type of decisions, especially if you have lots of money on the line.
IQ Option trading offers the best profit potential during high volume markets. After hours trading has a low volume of trades wikipedia reference and a characteristically volatile market. This makes any trading strategy much more difficult to work. The best trading hours depend on which currency pair you trade. For example, wait for the London market to open if you are trading the GBP/USD pair.
In conclusion, it is definitely difficult to stay on top of all of the latest tips and tricks coming out about IQ Option. To make matters worse, information is constantly changing, making it nearly impossible to be an expert unless you make it a point to keep yourself up to date. Hopefully you found this article interesting, informative, and were able to learn a couple of new things.