In this article you will find a collection of day trading tips that you may find useful. Almost all IQ Option traders engage in day trading but not all of them know that it is actually called that way. Day trading is an act of buying and selling financial instruments within the same day, usually multiple times. Applied correctly, these principles can help you improve your trading skills.
1) Know the markets
This tip doesn’t apply to general trading procedures (though it is important to know and understand them) but rather to major events that take place daily. As you probably already know, important news and announcements have the potential to move the markets. Stocks and national currencies are particularly vulnerable to news-related price fluctuations. Keep in mind that even when trading on shorter time intervals, fundamental factors can still affect the outcome of your deals.
2) Allocate funds
The amount of money you allocate to each and every trade should be thoroughly calculated. You are not supposed to invest a fixed amount , neither should it be your entire credit. Rather, you could consider an investment not exceeding the amount of 3–5% of your total balance. Thus, you will protect yourself from the negative consequences of a losing streak, that sooner or later happens to all traders.
3) Set aside time
Day trading is a time-demanding pursuit. In fact, most successful day traders spend as much time trading as regular people working. Day traders do not have business hours and usually spend as much time monitoring the markets as possible. Day trading is not easy money and will require both your time and effort.
4) Time your trades
It is also important to pick the right moment to open your deals. Most experienced day traders enter the market when the volatility is high, which is usually in the very beginning of the trading session in case of stocks, indices, fonds and commodities. For Forex, things get a little bit different. Since Forex is traded 24/5 all around the world — with New York, London, Singapore and Tokyo being the most notorious exchanges — the highest volatility will be observed when more than one exchange is open. Certain experts, however, recommend novice traders to trade when volatility is, on the contrary, low in order to manage their risk. It is up to you to find the time that best suits your trading style and develop your trading strategies accordingly.
5) Stay realistic
No trading strategy will win in 100% of cases. Depending on the potential upside of the instrument you trade, it may be enough to win 60% or even 50% of all traders in order to stay in the money (but note that even then you are not guaranteed to win and all your capital might be at risk). The point is to win more than you lose.
These tips, if memorized and applied to your daily trading activities, can really make a difference.
Trade now
I lose 600$ hmm maybe can’t get it back since I join IQ option until now
You need to prectice because I am loss 100$ after won 400$ so take the time before investing.
Hey hi, we are sorry to hear that.
Did you use any strategy or tools or indicator or used our practice account?
We do have video tutorials and these blogs which can help you understand the platform and trading better.
i neeed tarning
Hey hi!
We do have video tutorials and these blogs which can help you understand the platform and trading better.
Did you use any strategy or tools or indicator or used our practice account?
I really lost $400 sometimes gain more sometimes become zero, it is high risk trading platform until you are expert.
Hello, thats true, risks are there. You should practice first and formulate some strategy. If you are unsure of loosing all your funds, never invest all your funds.
It’s a really interesting platform to trade with, I’ll keep practicing.
I have also depleted my account but an owesome learning experience to overcome financial challenges, yet to start making profits!
Hello Dear, thank you so much for your feedback.
We try to do our best and to provide you with the right information. Let us know if you have something to add. Good day.
Despositei $55 ganhei ate $112 e perdi tudo.
Olá, lamento ouvir isso, você perdeu enquanto negociava? Se sim, tente a conta prática, assista aos tutoriais em vídeo e leia nossos blogs que podem ajudá-lo a entender.
I invested 45 usd on this platform and I have managed to withdraw back my 45 usd and am in a profit of 101.68 usd Thnx IQ…..
We are truly happy you enjoyed our app. Thank you so much for your evaluation. Your praise helps us become even better 🙂
Sir how to earn money
Thanks for your interest! Success only comes with practice, effort, and time.
Please start with trading on the demo account. There you can check how strategies work for you without any risk of losing your real funds.
You might get interested in our educational section https://iqcc.io/en/tutorials and make more informed transactions. These not only explain the way the trade is made but they also describe the technical analysis tools and strategies based on them.
Have a super day today! 🙂