Binary trading Philippines IQ Option
- Binary trading how does it work?
- Binary options trading platform
- Which binary trading app is best?
- Binary trading demo account without deposit
1. What’s binary options trading and how does it work?
Trading binary options - simple financial instruments, can result in only two outcomes, a win or a loss. You must predict the direction in the value of an asset, will it be higher or lower. If you are right you win the trade with a percentage - a return on your investment. If you are wrong, all the investment is lost. The best thing about these is that it is simple to use, and they are great at limiting risks because only the amount put into the trade can be lost.
Users can also utilize leverage with binary trades that amplify the investments. However, this will also increase the loss if you predict the wrong result, so it is necessary to be cautious. Binary options also rely on a specific time frame, expiring when this point is reached. This adds flexibility to the trading and allows you to fit them into a preferred schedule.
2. Binary options trading platform
The necessary resource in working with binary options is the platform that has the access to the market. Create an account and log in. That is all a trader needs to begin binary options trading. IQ Option platform has plenty of resources to help new traders. Our platform's visualizations are a lot more user friendly than most platforms; also the interface is designed amazing. Along with its hands-on support available for free to help users with training and advice. Traders can take advantage of the live market updates and indicators available to them as well. All this permits novice traders to build strategies for binary options trading.
3. Which binary trading app is best?
The best binary options app for beginners is one that has all the most important features required for this financial instrument. This includes a diverse selection of assets to trade with. Friendly customer support to provide advice and help with their trades. Low entry deposits so they can start trading with minimum costs. When all these features are combined it creates the best environment for binary options trading.
IQ Option creates a perfect trading environment. Our easy to use platform helps to get started and is intuitive. There is a reliable and efficient multilingual support team available constantly. Deposits start at just $10 and there are many assets to use for binary trading. On top of this we have a mobile and tablet app that gives all access to the market in a very easy way.
4. Trade binary options without deposit
One of the most important factors for new traders is the deposit requirements of binary options brokers. A low entry deposit means easier access to the market at a lower cost. IQ Option requires a starting deposit of just $10 to start trading. However, it is highly recommended to use demo options trading before making a real investment.
On top of this, a binary options demo account lets traders test out binary options without any deposit at all. An options trading demo account is a powerful tool to understand how the market works. It is also great for practicing trading because users can refill the virtual account for free as much as needed.
Today modern technologies have given us a huge amount of opportunities.
All that is needed is an access to the Internet and a minimum starting capital ($10 will be enough). We are talking about trading on binary options. If a trader can think logically, analyze indicators and read signals, he will be able to get good daily profit and huge monthly income.
And it does not matter where it is located - in Australia, the UK, Canada or Philippines.
The main thing is to take the first step and choose a high-quality exchange that provides the best conditions for trading on binary options. One of the leaders in the segment is the IQ Option binary platform.
The path from a small platform to a huge exchange
Do you know that the largest real exchanges on the planet are the London, New York, and Tokyo exchanges?
All three companies were founded in the XIX century, and every day there is a huge number of transactions. The seven years of operation of IQ Option are a small indicator compared to the history of these companies.
But the paradox is that today the site is one of the most popular in the world. From 2013 to 2020, the IQ Option customer base has grown from several thousand to 40 million users.
Moreover, a huge number of Filipino customers choose IQ Option for binary options trading.
The main advantages of the IQ Option trading platform
The success of the company was made possible thanks to responsible work and a large number of advantages that a trader receives after registration.
- Legality. The company was officially registered and received a license to provide services. IQ Option is legally represented in Philippines and allows Filipino users to earn money following local laws;
- Work 24/7. Unlike standard exchanges (in Tokyo or London, you can only trade from 9 a.m. to 5 p.m.), the company works around the clock. This means that the Filipino user can make binary options trading the main type of earnings or hobby, bringing additional income after work and on weekends;
- Convenience. IQ Option employs true professionals, designers, and programmers. Therefore, the official page will surprise you with a pleasant combination of colors and excellent functionality. Besides, the trader can switch the site to Filipino and make trading as convenient as possible;
- Availability. Trading binary options is available to all Filipino citizens who have reached the age of 18. The registration procedure takes only a few minutes, and a minimum deposit ($10) allows you to start trading almost everything;
- Reliability. To protect against Internet scams, the exchange uses modern encryption tools. This minimizes the risk of theft of funds. And when the funds are paid, the user is verified, so that the account holder will receive the money;
- Security. IQ Option offers Filipino customers to open a demo account and get 10,000 virtual dollars. This will help to work out successful Binary options techniques and understand all aspects of trading without risking losing real money;
- Variability. IQ Option offers a huge list of assets for bidding. There are various currencies (including popular cryptocurrencies), currency pairs, binary options, stocks of large companies, metals, raw materials, etc. A Filipino user can select one or more of 300 assets;
- Mobility. A convenient mobile application designed for those who want to keep abreast. The program works with iOS and Android devices, and provides stable access even with a weak Internet connection;
- Transactions. The client gets access to great features. A Filipino trader can replenish a deposit through a credit card, e-wallet, and even Blockchain. Besides, the withdrawal of money is also carried out in many ways;
- Information. Each client gets access to the information section. Here, the Filipino user can find out what binary binary trading Philippines is, which signals are the most important, and the strategies are the most successful;
- Perfect settings. A Filipino client can make the chart as convenient as possible by adding those binary options indicators and signals that he needs;
- Automation. IQ Option allows you to connect robots. Special programs make trading on the exchange as efficient as possible, perfectly determining the expiration time and closing the deal with the highest profit;
- Premium. The owner of a premium account gets access to additional features. This is the help of a personal manager, priority when applying for payment of funds, the ability to receive a larger percentage of profits and ensure transactions;
- Efficiency. In case of problems, a professional support service available 24/7 will come to the aid of the Filipino trader. Also, payments are accrued within 24 hours from the date of the request (if the client has already passed the verification procedure).
Binary options F.A.Q.
How can I start legal trading on Binary options in Philippines?
Everything is simple - you must become a client of IQ Option. This exchange is one of the largest sites represented in Southeast Asia. Moreover, it legally operates in Philippines, so every citizen (who has reached the age of 18) can become a user and a successful trader.
What is binary options?
Binary options are a type of financial derivatives that allow you to trade various assets, which may be stocks and stock market indices, Forex currency pairs, commodities of commodity markets. For a Filipino trader, this is an opportunity. Because it is a tool with fixed income and potential losses. This is the biggest advantage of such a derivative.
How do IQ Option binary options work?
The Filipino user selects a specific binary option (it can be one or several assets), analyzes the situation and makes a forecast (the price rises or decreases, reaches a certain value), how its value changes after a certain period (expiration time). If the forecast turned out to be correct, the trader makes a profit. If not, the amount remains with the broker.
What profit does the IQ Option broker make?
Everything is very simple, brokers earn on the difference between losses and profit. Consider an example - two traders opened deals on Google shares for $100. One indicated a growth forecast, and the other a fall. One lost $100, and the second trader received 70% of the profit.
What are the differences between a broker and bookmakers and casinos?
Yes, IQ Option offers intermediary services and a large number of tools for profit. Therefore, this approach is very different from the services of a casino or bookmaker. Because there everything depends on luck, and the success of a professional trader is the result of his actions. The ability to think analytically, see signals and indicators, and also close deals on time practically guarantees a profit.
How to make binary options trading effective?
Information is the key to success. On the official website of IQ Option, there is a section with useful information and articles where a Filipino user can find out what binary option means, read about effective strategies and tips of professional traders. It remains only to test them using a demo account, learn all aspects of the strategy and use it in practice.
What should I do to become a client of the company?
If a Filipino citizen has reached the age of 18, he can become a client of the company, and this procedure will take 4-6 minutes.
1. On the official website of IQ Option, there is a “Signup” button - you must click it;
2. You need to fill out a questionnaire and provide information about yourself (e-mail address, username, and password for the account);
3. Accept the rules of the service and check the email;
4. Follow the welcome link and complete the registration procedure.
How to start binary trading at IQ Option
The trading option is available immediately after registration. A trader can open a demo account and get 10,000 virtual dollars. Now he can train and work out binary options strategies without the risk of losing his funds. But to trade for real money and make a profit, you need to replenish your account. The company works with banking systems (MasterCard, Visa), electronic wallets (Skrill, Neteller, Qiwi, WebMoney) and Blockchain, so you can choose the option that is best for you.
1. You must log in to your account and click on the menu icon located in the upper left corner of the screen;
2. Select the section "Replenish deposit";
3. Indicate the method of payment and the amount of replenishment;
4. Confirm the decision (including on an electronic wallet);
5. Wait for funds to be credited.
What strategies for binary options are the most profitable?
The main task of the trader is to get the maximum amount of profit for the minimum period. Therefore, strategies with a minimum term of expiration (1 minute) are the most popular. Interesting options are:
• Stochastic strategy;
• Walt Disney strategy;
• Rafael trading;
• Dodgy strategy;
• Straddle trade strategy;
• Haiken Ashi;
• Fractal guru;
• Thunder and lighting.
I already know what the binary is, how can I start trading?
From registering to making a profit on binary option Filipino trader need to do a few steps.
1. Register and become a client of the company;
2. Choose a suitable asset (more than 300 types of services are available for it, including currency, stocks, cryptocurrency, and others;
3. Choose the time of expiration and the most effective strategy;
4. Indicate the forecast (Put or Call, Touch or no Touch) and conclude a deal;
5. Keep track of signals and indicators;
6. Close the deal at the right time, getting the maximum profit.
How to make trading on IQ Option more effective?
Of course, a 100% recipe for profit does not exist. Trading binary options have risks. But a Filipino trader can minimize these factors by following simple and effective rules.
• Choosing a high-quality broker (such as IQ Option) and training on a demo account will help you understand the main aspects of trading and be sure that the company will pay a profit;
• Information is the key to success. Try to constantly get new knowledge. Read the advice of professional traders, analyze each situation, taking into account the news background, political and economic aspects;
• Determine the amount of investment for each transaction. It is good if the amount of one asset does not exceed 5% of the total bank. It doesn't matter how confident you are in the signal. There are no 100% forecasts;
• It is necessary to set limits on the minimum and maximum cost of the contract. It is necessary to choose basic assets for work in advance. It is better to follow one or two financial instruments and not to scatter attention;
• If work is underway on technical analysis, it would be better if important data were not published at the time the position was opened. Otherwise, market noise may “eat” all your potential profit;
• For the trade to bring not only pleasure but also money, it is recommended to keep a special journal where all transactions are entered. Also, any trader sets limits on transactions for himself. It can be, for example, two unprofitable and three profitable.
Is it possible to make the trading process on IQ Option automatic?
The exchange allows users to connect a special robot that makes trading more efficient. For example, a special program can independently analyze all available transactions and offer the most winning ones, close deals on time and work 24/7. But remember that maximum efficiency is only available subject to the control of the trader.