It is no secret what a good binary options trading patterns can do. And with IQ Options trading platform developing and optimizing your trading pattern has become easier. With such a platform you have the liberty of exploiting a range of resources. In fact, most of them can be accessed from the dashboard directly. Besides, the display is quite easy to understand, especially for the beginners. The visuals let you see the trends while accessing information from technical analysis.
Materials that are available free cover a wide range of topics, which is indeed a huge advantage for the newbie in binary options trading. Even there are options defined particularly for the beginners. However, experienced traders too, get sufficient information for themselves. Regardless of your experience as a trader, the resources will always help you to be a better trader. As for IQ Options, the educational resources include webinars, tutorials, eBooks and videos.
Binary Options Trading at IQ Option
Binary options trading patterns their platform offers are stated below. The list will let you determine on what you should focus first. However, before reading these trading patterns, it is crucial to understand the basic investing tools.
- Japanese Candlesticks: If you have come across a chart, displaying the movement of an asset’s price over time, then you probably have encountered a Japanese candlesticks chart. The chart is meant to show opening as well as closing price. An asset with an increase in price will be represented by a green candle and a fall in price will be represented by a red candle. This will help you to realize how much the price has changed and in which direction.
- Trend Lines: It shows one line above the asset’s price and the other below it. These two lines work to create a trending corridor, representing both upper and lower values, where the asset fluctuates. It will help you know when the asset’s price reaches the upper line and when it start going down. However, the bottom line is known as the support line here, whereas the upper line is referred to as the resistance level.
A better understanding and proper practicing of these tools will make you a far better trader as you can then generate signals of your own. Read more to know about the primary trading patterns at IQ Option;
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1. The Three Black Crows
This pattern in particular looks for reversal of the trend. In order to make it work for you, try identifying an asset having numerous candlesticks in a line that displays a price movement in a certain direction. Then, you should wait for the movement to reverse. It will help you realize that this is happening when you see there are three falling price candlesticks. Well, this indicates that the trend is reversing, whereby sending you a signal to begin trading. Further information about the pattern can be found below.
2. The Rebound Line Pattern
When it comes to this pattern, the trend in price isn’t important. Here, you need to focus more on the trend lines as mentioned above. You must look for the closing price below the upper trend line or above the lower trend line. Hence, it is likely the asset’s price will move away from its line without breaking the trend. Therefore, this is the reason why you can make use of this information as a signal, whereby placing a PUT trade in case the price closes before the resistance level. Similarly, a CALL trade can be placed if the price closes above the support level. To find more information about this pattern check below.
3. The Rainbow Pattern
Since it is a more complicated pattern, a brief understanding is recommended. The rainbow pattern uses exponential averages. Three of them are to be used, each with different time period. On the chart, the first row with a period of 6 needs to be marked in blue, whereas the second line with a period of 14 should be marked in yellow. On the other hand, the third line with a period of 26 should be marked in red.
In order to figure out a potential fall in the price, you should search for;
- The yellow line right below the blue line
- The red line just at the bottom
- The blue line on the top of the red and yellow line
The right time to place the PUT is when the yellow and the blue are intersecting. However, to identify a potential rise, look for;
- The red line above the yellow
- The blue line right at the bottom
- The red line above the other lines
The appropriate time to place CALL is when the blue and yellow are intersecting. The informative video about the same can be fund here.
This article is about only three patterns, but then there are much more to explore. You can get to know about them on your trading account. By now it must be clear to you about what IQ Option caters to. The reason behind the popularity of this platform is that it offers different binary options trading patterns. Simultaneously, it gives you the tools required to develop an effective trading pattern, so as to generate accurate signals, whereby making profitable trades. In order to improve your trading method, you have the leverage to use all the analytical tools depending on your requirement. And the great news is that most of them are free. Therefore, your trading will be more profitable.
Watch our video tour of IQ Option
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What is the easy way to withdraw money in iq option
Molefe, I like withdrawing with skrill the best – it’s the fastest. But also wire transfer will do, but it takes longer.
Hi Step, Please I need a good and trustworthy Stock Broker to help me with my account. Please, could you recommend anyone you know? Thanks.
Hello, it depends on your needs and on that, what you want to trade.
Every broker has different advantages.
Please Step I need your help …,I have interest in trading iq options , please i would need your mentorship and guidiance
Dear Clyde, I do not offer 1on1 mentoring. You can however go through my series of technical analysis articles here.
why is it easy to deposit amount in real account but is therefore not easy to withdraw. I sent all the required documents but is know 4 days since I withdrawn my $6, I got email that it went through but even today has not yet reflected into my account, why is taking so long whereas when i deposit is only a minute?
Hello, it depends on the withdrawing method. If you did it via bank transfer you need to way 2-5 days, so that’s the reason. Were you able to make a withdrawal successfully?
I STARTED TRADING FEW MONTHS STARTED LAST YEAR SEPTEMBER 2019, IS BEING 3 MONTHS NOW. I WIN A LOT WHEN AM USING DEMO BUT WHEN I START USING REAL ACCOUNT I LOSE TOO MUCH. UP TO SO FAR I LOST CLOSE TO $60 IN MY REAL ACCOUNT.
Hello, to be honest, 60 USD in trading is not much. Trading is not easy and usually, you need to go through the difficult way, before you start earning money. An IQ Option demo account and the demo account generally is great, but it has one disadvantage and that’s trading psychology. When you are trading on demo the psychology works completely different comparing the trading with real money.
I’m new with IQ option,i was successful while, practicing with my Demo account.I fund my account with $40,and I lose it.why,someone should talk to me please.what do I do.
Hello, trading on a demo and on the real account is a big difference. When you are trading with real (your own) money it’s completely different thing, psychology works different, your emotions, etc…
What do you think is your biggest problem? Do you handle technical and fundamental analysis, or how do you predict the prices? Let us know more info so we can help you.
Check out our – tips for binary beginners, maybe it will help you.
i am saheb from India.i am new for trade in iqoption. this strategy is really helpful for me.please tell me how much i set up candlestrick time and purches time?
please how do I identify opening and closing of a candle (talking about the time in which the candle emerge and the time it ends)
Dear Sabiu, it depends on a timeframe you set. With IQ Option, you see it in the lower left corner. More info about candlesticks can be found here: What is a candlestick chart and how to work with it
Hello Step, if I follow the 2 mins candle stick patterns then what’s the time of trade period that I should enter ?
Even if you are constantly using trend following system, you’re going to have a few losing orders and that’s alright. The truth is, you can’t always win, even the best traders in the world are losing from time to time! Trend following method will allow you to make more winning orders, rather then loosing ones, which in the end will result in positive profits. You can have a few bad hours or even days and sometimes you will lose some money, that’s why you have to follow one of the basic investment rules: every new position must be less or equal to 2% of your total capital. If you’re deposit is 50$ then your bet must be 1$ respectively. The most difficult part of trading is not forecasting, it’s self-control,…
Hi step l need some help bro would you mind to help me out
Dear Cornelius, feel free to let me know and I will do my best to help you.
In rainbow strategy how much time frame have to take for candal stick
Hi Vivek, it depends on you. But you could use 2m – 30m
So nice thanks it works very well
You are welcome Abdelrahman!