One of the ways to succeed in trading is to know strategies that allow you to know how to interpret and analyze economic news, technical indicators, and chart candles.
In this article you will learn tips about strategies and which IQ Option strategy is the best.
What is the best IQ Option Strategy?
It is very common for IQ Option traders to ask this question.
This question is also raised by the amount of indicators that exist in the broker platform, which allows an infinite number of configurations that allow the creation of thousands of different strategies.
Of course not all of them will work.
But it is also clear that many will work.
But is there such a thing as the best IQ Option strategy?
Before we talk about strategies it’s important to understand two things:
1 – Trading Products
IQ Option has several trading products: Binary Options, Digital Options, Forex, CFDs, Bitcoin, and Cryptocurrency, etc.
We know that Binary Options are by far the most traded product on IQ Option.
For this reason, this article will focus only on strategies for the Binary Options Product.
Therefore, a strategy that works for one product will probably not work for other products, as each product has its own characteristics.
2 – The Market
The market is always changing, and it changes every hour, every day.
It changes because news comes out, it changes because throughout the day the European, American or Asian market sessions are not the same and therefore, the market, traders and assets work differently.
This means that even the best IQ Option strategy might work well in the morning, but not at night.
It may work well one day or one week and not the next.
In practice you can’t test a strategy one day, one hour and think that it is the best IQ Option strategy because it worked at that moment.
But you also can’t think it is the worst just because it didn’t work one moment.
Any strategy has to be tested over a long time and at different times to come to a conclusion.
The truth is that even the best IQ Option strategy will have days, moments or weeks that it will not work, because the market at those moments was not good for it.
Also, the market sometimes goes through big phases where it is trending and others where it is not trending, so the best IQ Option strategy 2021 may not work in 2020, and vice versa.
For this reason there is not just one best IQ Option strategy, but rather a set of strategies that will work best depending on the days or times.
Tip on Best IQ Option Strategy
Have not 1 or 2 but several IQ Option strategies in your portfolio and learn to use them at the times that are most favorable for them.
To do this it is crucial that you understand which strategy works best at the current moment, and thus know how to choose the most appropriate one.
Best IQ Option Strategy – Analyze the Market
1 – Analyze the trends:
The first thing you need to know is to look at a chart analyzing the market.
The market can be looked at in many ways, especially because if you look at a chart from a day, or week perspective, it will be totally different from the hours or minutes perspective.
That is, if you use a strategy to trade for example in Binary or Digital Options, where you use short expiration times (up to 5 minutes) the type of market analysis, is that of that moment. Of the last two hours, no more than that.
On the other hand if you trade for longer expiration times, like 1 hour, 2 hours, 1 day, etc. Then you have to look at the market in a different way, where daily or even weekly movements have to be analyzed.
If you take the test and change a chart on the IQ Option platform to 1 minute candles, and then change it again now to 1 hour, you will see that the way the market looks will probably be very different.
In practice, this trend analysis should always be viewed from the point of view of what you want to look for.
And your search must always be adapted to your type of trading, so the market analysis will always be dependent also on the trades you intend to perform (especially the expiration time).
Hence, searching for the best IQ Option strategy, is also about understanding market concepts.
And the market has to be analyzed in the right way. If you want to trade for 1 minute, you can’t look at 1 hour candles, it doesn’t make sense.
The first lesson of a trader is to know how to distinguish if the market is trending or not.
In the image below we can distinguish in a clear and simple way what is the trending and the trendless market.
As we can see, the market can have an upward trend, meaning it goes up continuously, or a downward trend, meaning it goes down continuously.
When the trend is neutral, we say that it has no defined trend.
The type of strategy to apply in case the market is trending is totally different from the one we apply when the market is not trending.
2 – Analyze the News
Daily economic news comes out that ultimately influences the market.
The most important ones have the potential to change a trend or simply cause some instability in the market.
For this reason, it is always important not only to be aware of the important news coming out every day but also to know how to interpret what each news can mean for the market in general and for certain assets in particular.
To be informed of the economic news that comes out daily it is advisable to follow one of several websites specialized in this type of news.
Of the most important, highlight 2 which are the most known and followed:
In the calendar on this site, you should set the news time to your time zone so you know what time the news comes out according to your own time.
As you can see in the image below you should synchronize the time for your zone.
Click on the green clock in the upper right corner and then choose your zone/time zone.
Be sure to put DST (daylight saving time) on or off if it is daylight saving time (on) or wintertime (off).
Then click on Save Settings.
This calendar divides the news with colours, Gray, Yellow, Orange, and Red.
Only the news with the Red icon matters. Everyone else does not have to pay attention to.
This site shares the news with bullheads.
As in the previous example, only the important news matters, which in this case will be news with 3 bullheads.
All others you can ignore.
Binary Options Strategies IQ Option
The IQ Option platform divides Binary Options into two types.
Standard Options that have an expiration time from 15 and up to 1 month expiration times.
And the Turbo Options or 60 seconds, which are the most used.
Here we also have to configure our charts and indicators so that the strategies adapt to the expiration time we want to have, ie whether we are going to have a Binary strategy or a 60-second strategy.
Strategy 60 Seconds IQ Option
As I said above, turbo or 60-second operations are the most commonly used on the IQ Option platform.
Most traders look for the best 60 second IQ Option strategy.
The advantage of this type of operation is that it is quick to finish, so we don’t have to wait hours or days to know if we win or lose.
So it is also natural that we will soon be able to get several operations going.
Potentially a 60 second IQ Option strategy can lead to more profits and faster profits.
On the other hand, in an operation that opens and closes in 60 seconds, the luck factor is more present than in a 1-day strategy for example.
When you chart a trend for an asset on a chart, it is simpler to see if it will fall or rise over the course of the day.
When you analyze the same asset every minute, even if its tendency on that day is to fall, it will have slight momentary rises and in one minute may have several.
Therefore it is always more complicated to analyze in very long time courses like 60 seconds when compared to 1 day.
Hence, the luck factor is more present in a 60 second IQ Option strategy.
Still, there are strategies for 1, 2 or 5 minutes that work well.
Best IQ Option Strategy: The Platform
As stated earlier, there is no better IQ Option strategy either because of the diversity of indicators in the IQ Option Platform.
This online trading platform is considered by many to be the best.
And one of the reasons is for the variety of instruments it offers the trader.
If on one hand, this is an advantage, I believe that for the inexperienced trader it turns out to be a little confusing as it gets a little lost.
In the image above we can see two columns.
In the left column, we see the indicators grouped by themes or by type.
In the right column, we see what each group on the left offers.
In total, the platform has close to 100 indicators.
Now imagine the possibilities that setting various indicators to each other …
The amount of strategy building is almost infinite.
But on the other hand, it’s hard to find the right setup …
… such as allows me to say: I have the best IQ Option strategy!
Best IQ Option Strategy: Types of Strategies
I divide the strategies into several groups so that it is simpler to understand the types of strategies that exist and at what times their use is most appropriate.
1- Trend Strategies:
Trend strategies are the most sought after. As can be seen from the image that shows the trend market, these strategies seek to find the market in a trend and follow it.
PROS: It’s easy to understand when the market is trending.
CONS: The more in trend you are, the more often there are small breaks, so 60-second strategies tend to fail.
2 – Support and Resistance Strategies:
These strategies use the usually daily support and resistance lines to find breaking points.
Supports and resistors can be used in conjunction with trend strategies and break strategies.
This is a good way to confirm a trend or break.
When a support or resistance is broken, it usually confirms a trend.
When the support or resistance is not broken there is usually a break in the trend.
PROS: It’s a kind of strategy that works well especially at night because the supports and resistances are stronger and the market is calmer.
CONS: When the market is very volatile or when there is important news it does not offer good results.
3 – Breakout Strategies:
Breakout strategies, as the name implies is when the market breaks a trend.
This happens for several reasons.
It may be because news broke and the market reversed.
Because the price has reached a support or a resistance.
Because market sentiment has changed.
Because the market has changed from European to American, etc.
Basically these strategies seek to know when a price has reached a maximum or minimum and will make a reversal of meaning.
It can be either a short and quick reversal, where a 60-second strategy is used.
Or a prolonged inversion where a strategy for 1 hour, 1 day or more is used.
PROS: For use in short duration strategies (turbo or 60 seconds) and at night is a solution, especially if used in a strategy that combines supports and resistances.
CONS: Sometimes the breakout is just a relieve of price pressure and is not quite confirmed as a real break, leading to think that the price will reverse, but it does not happen.
4 – Fundamental Strategies
The key strategies are news-based strategies.
In such economic news that I spoke at the beginning of this article.
The operation is different from all the others, as we do not look at the charts or the indicators, but at the news sites, I have already mentioned.
It’s a strategy type that can only be used when there is news and when it’s important.
PROS: When used well, and when we know how to interpret the really important news, it has a good hit rate.
CONS: Does not work well in 60-second trades, because the market is very unstable at those times. And it only works when there is important news, so we can’t use it when we want to, but when the market allows it.
In the video below we can see how to use news in trading
5 – Strategy 60 Seconds:
There is actually no 60-second strategy, as 60 seconds is an expiration time.
There are strategies that use one of the above types but are configured, designed to work with an expiration time of 60 seconds.
So when looking for the best 60 second IQ Option strategy, you are actually looking for a strategy of one of the above type but suited for a short expiration time.
PROS: It allows a lot of operations, and therefore good profits when it works.
CONS: It is somewhat dependent on the luck factor and sometimes leads traders in case of a few losses in a row to lose control, the head, and of course the money.
Best IQ Option Strategy:
By now you know that there is no better IQ Option strategy.
You also know that there may be many good strategies.
But they all have their way of working.
A better time of day for best results.
And each one works under certain market conditions.
Based on these findings I leave here an example of a strategy that has been touted as one of the best IQ Option strategies.
ITM IQ Option Strategy
ITM comes from In The Money, an expression used in trading. And this is what you want to be in profit with this strategy.
This strategy has a few indicators and is simple to understand. The rules for entering an operation are also few and easy to understand and apply.
This strategy uses only existing indicators on the IQ Option platform. We don’t have to install anything but set up the indicators on the IQ Option platform and operate.
Free: IQ Option Robot