Are you using all the best features available on the IQ Option platform? Many traders tend to focus on a few tools and overlook other useful instruments. However, by learning about the most effective traderoom features, you might be able to save time and become more efficient. Here’s an overview of the top IQ Option traderoom features you may use to analyse the markets and spot potential opportunities while tracking your deals.
Traders who are new to the platform might consider starting with another important point – the IQ Option traderoom download process.
IQ Option Traderoom Download
You may trade CFDs on the platform directly from a browser of your choice. You can also download the suitable apps for your devices. To learn all about the IQ Option traderoom download for your laptop, please refer to this material: How to Download IQ Option for PC. If you prefer trading on your phone, this detailed guide might come in useful: Trading with the IQ Option Mobile App.
You can also easily switch between different devices to keep an eye on your trades and use all the IQ Option features at your convenience. To achieve this, just sign in to your existing account on a new device and continue from where you left off.
And now let’s move on to the IQ Option traderoom features that may help you gain the knowledge and information essential to improving the chances of getting positive results. There are two main categories of the most important features: Education and Market Analysis.
IQ Option Education
IQ Option offers plenty of educational resources for traders with different levels of experience and from various backgrounds. One of the most popular options are video tutorials that may be watched directly from the traderoom. IQ Option video tutorials are available in several languages. They cover multiple topics from making a deposit and account verification to the basics of technical analysis.
To check out this IQ Option education feature, go to the ‘Video Tutorial’ section of the traderoom. Then just pick the category you prefer and watch the video.
To watch the video in a different language, just pick your preferred option in the traderoom settings.
Market Analysis and News
Another popular IQ Option traderoom feature is market analysis. It includes:
- The latest market news related to different assets, such as forex, stocks, crypto, which you may trade via CFDs on the platform;
- The economic calendar – a valuable source of information about key market events and their potential effect on different assets;
- The earnings calendar – daily updates on the financial reports from top global companies.
Many traders track the news to adjust their trading approach according to the ever-changing market conditions and look for new potential opportunities. If you haven’t yet used market analysis as a part of your trading routine, this article might be a good place top start: What is News Trading?
Apart from the ‘Market Analysis’ section, there are more IQ Option traderoom features that may help you stay on top of the latest trends and quickly react to the changing market conditions, if necessary.
Trade volume
This feature shows what amount of the selected asset was bought and sold within a certain period of time. Higher trade volume may indicate increased interest in the asset. Keep in mind that a rise in trade volume might also lead to additional volatility. Consider applying appropriate risk-management tools, such as Stop-Loss, to manage negative trends.
To apply the trade volume on IQ Option, go to the ‘Indicators’ tab on the chart (point 1 on the image below). Then click on ‘Widgets’ and enable the ‘Volume’ feature. Trade volume will be indicated below the price chart.
News related to your CFD assets
The ‘Market Analysis’ section of the IQ Option traderoom includes dozens of key market events. So it may take some time to find the most important ones for your specific assets. To keep track of the news that might influence your trades, consider applying the additional ‘News’ feature. This way, you would be able to see the latest news related to the chosen CFD asset directly on the price chart.
For instance, a trader is tracking the Crude Oil WTI price chart and looking for potential entry opportunities. By applying the ‘News’ feature in the traderoom, he or she may check the current news from the oil industry right on the chart and quickly react to any important changes.
Similarly to trade volume, you can apply the ‘News’ feature in the ‘Widgets’ tab of the ‘Indicators’ section in the traderoom.
You may click on the news piece to get additional information and make an informed decision based on fundamental analysis of the chosen asset.
Final Words
In this article, we have covered just some of the IQ Option features that are available in the traderoom. The platform has multiple useful tools that may assist traders in assessing the trend, conducting technical and fundamental analysis and spotting potential entry and exit opportunities. From education resources, such as video tutorials, to market analysis and trade volume – there are plenty of IQ Option features to choose from depending on your trading approach and goals. It might be a good idea to spend some time exploring the traderoom to pick the best options for you.
