Trading binary options in Malaysia on IQ Option platform: main pros
The world of trading attracts trillions of dollars and such investing instrument has been considered among the most popular all over the world.
There are thousands of people who earn for living from speculating different access.
There exist different subdivisions of the trading market and binary options are frequently called the simplest and the most understandable ones. On the other hand, pitfalls exist as well.
What are binary options?
Before starting to comprehend the basics of such trading type, users must understand what binary options do mean?
An option is equal to a contract between two parties.
One party (a trader) makes a prediction towards the further asset’s price movement and the second party (a broker) is obliged to pay a fixed award if the prediction corresponds to a real situation. When a prediction is wrong, the first party loses invested assets in full measure.
To comprehend the mechanisms of binary options, examples should be given. For instance, a trader picked up a pair of AUD/CAD (Australian to Canadian dollars). There displayed an index of the interdependence of those currencies (1 AUD to 1 CAD). When a trader entered the market, the index is 0.896150. The prediction is based on the price increase. If at the moment of expiration time price is 0.896151 or higher, a trader will obtain an award. In case the price is 0.896149 or lower a trader will lose investments.
Assets that binary option Malaysia contracts can be made for
In the majority of cases, currency pairs are understood referring to binary options.
That’s true that about 80-90% of all contracts are made for those assets but other types are available as well. For instance, traders may base their predictions on shares of popular world corporations like Baidu, Coca-Cola or Intel.
Our platform offers 54 different binary options on financial assets including 25 currency pairs, 21 shares and 8 currency pairs that are suggested for trading in the over-the-counter regime when other markets are closed.
Traders are recommended selecting one or maximally two assets for trading because each type demands profound analysis and therefore time devoting. Being an expert in every cryptocurrency pair and share is definitely impossible.
The most common mistakes of beginners while trading binary options
Take into account that there exists no universal recommendation how to be successful because success depends mostly on your experience and professionalism.
On the other hand, there can be indicated some binary options tips that won’t wrong. They are as follows:
- Be patient! The more patient you are from the viewpoint of the market analysis and skills developing, the more successful you are expected to be in trading.
- Emotions and the trading process should not be connected. Cool head is what you need while making deals no matter what are the outcomes.
- Follow your plan and strategy despite the situation. Being in the black, don’t make decisions oriented to winning back your money.
Those simple recommendations prevent newcomers from losing money.
Why success in trading depends on a binary options brokers?
On the other hand, such instruments must be analyzed thoroughly as it was mentioned above but on the other hand, the binary options trading platform affects your success as well.
The following aspects should be taken into account:
- Reliability. The more reliable a broker is the more protected traders are expected to be. Unreliable brokers sometimes blow their users’ accounts.
- Applied technologies. Our platform is based on the most innovative technologies therefore traders obtain the most recent information about rates changes. Those brokers who use previous technologies cannot provide their users’ information directly from the world market.
- Analytical instruments. Such option is rather important for beginners who need to improve their skills. IQ Option suggests both market analysis and special video tutorials available on apps.
- Customer-focused interface. That’s obvious that individual settings and design make the service more convenient for a customer but our developers took it a step further: users’ wishes were taken into account while working out the platform interface.
Those are just some aspects that prove how important the appropriate and reliable broker is for binary options trading.
How to open an account on IQ Option?
Accounts on our platform can be opened by any users whose age is over 18 (while opening an account such fact should be confirmed).
To start trading do to the following simple steps:
- Insert iqoption.com in your browser’s address line to be sure that you visit our official website.
- Pick up the preferable language – 17 different languages are suggested to be chosen and this number is gradually increasing to provide maximal comfort for each user.
- Press ‘Sign Up’ to start your registration.
- Indicate your personal information into appropriate fields (First and Last name, Email and Password that should be rather strong but easy to remember at the same time).
- Tick the confirmation accepting terms and conditions of our platform.
- Click in ‘Open an account for free’ and join our community.
Verification of your personal data is an optional step but users need to understand that without verification funds withdrawal is not accessible.
When the registration is completed the two ways are possible: either to start trading on a demo account or to deposit funds and then start getting real profits.
Demo trading and free tournaments: how to upgrade your skills?
Any types of trading demand professionalism, experience and cold head otherwise loses are inevitable.
Our platform offers perfect solutions to start with. Those are demo account and free tournaments.
Demo binary options trading helps to understand the general principles of the market. Such an account can be refilled any time. Users are free to pick up assets and make deals as in the real market. The only difference lies in impossibility of your profits withdrawal.
Tournaments are the perfect instrument for various strategies testing and checking either you can control emotions while speculating or not. Tournaments are organized for users from all over the world and each trader has an ability to partake in those events. Some tournaments are free to enter. Others demand entrance fee that is usually just $4. The prize pool may reach 50 000 USD that are shared between top participants.
How to start binary trading?
In order to start IQ Option binary options trading you need to follow these steps:
- Enter your account on our platform.
- Pick an account you wish to use for trading (demo, real or perhaps tournament one if you participate in some events).
- Press on ‘+’ to open a new asset.
- From more than 300 different assets, pick ‘binary’ indicated on the first position in the list.
- Pick a currency pair or shares you want to invest in and click on it. The chart will be displayed then to show you price changes online. Traders may select time periods for the chart from 2 minutes to 30 days.
- Select the inspiration time and amount of money you are going to invest.
- The final step lies in making your prediction: either ‘Higher’ or ‘Lower’.
When the time is over a trader either gets fixed profit or lose money depending on the further price movement.
What is binary option trading: F.A.Q.
Why binary options are sometimes compared to roulette?
Such a comparison is completely wrong. There exist two variants in both cases: ‘Higher’ or ‘Lower’ in binary options and ‘Red’ or ‘Black’ in roulette but options are based on individual complicated analysis while roulette – just on personal fortune. Those who understand this trading instrument as roulette are doomed to failure.
Binary options are easy or complicated instruments?
Everything depends on your personal attitude. Devoting enough time for developing skills and learning thoroughly different strategies, such instrument seems not so complicated. Binary options can be combined with any other occupation. The more professional you are, the more successful you are.
How much profit am I expected to obtain?
The profit directly depends on two factors: expiration time and assets you pick up for marketing. Profit is always fixed. That means even in case of price increasing by 500% a trader gets fixed amount of money.
For instance, selecting expiration time from 1 to 5 minutes means your profit is expected to reach a maximum of 80-90%. When the expiration time is more than 5 minutes, profits may be reduced to 70-75% of your investment.
Which assets are the best ones to start with?
There exists no particular binary options guide therefore traders usually get all necessary understanding from their own experience. Speaking about starting, the experts recommend selecting EUR/USD as those currencies are the top ones in the world therefore rates changes can be more easily analyzed. Referring to exotic currencies, their prices may depend on multiple factors.
Can I speculate binary options on weekend?
In general, the market is closed on weekends. That is connected to the fact that banks and other financial institutions all over the world do not work on weekends. IQ Options indicates the time that remains to an asset opening but on the other hand, traders may use OTC assets for marketing on weekends.
What is OTC trading?
OTC or over-the-counter currency pairs are suggested by a broker therefore prices are defined by a broker as well. Those instruments are harder for analysis. Our platform offers 8 OTC assets for marketing on weekends. If the expiration time is less than 5 minutes the profit will be 99% of your investment. If the expiration time is more than 5 minutes, the profit will vary from 72% to 74% depending on a particular asset.
Which expiration time should I select?
The experienced traders are convinced that the more time you have the more profound and therefore precise. On the other hand, the expiration depends on the strategy you select. Some strategies are worked out for 3 minutes, 5 minutes, etc.
Which strategies are the best ones for binary trading?
There exist numerous strategies for binary trading. Among the most widespread strategies, the following ones are indicated:
· 60 seconds (The strategy is based on Martingale method and impulse price movement);
· Trading chaos (The strategy is used for 5 candles time distances);
· Bronze Gail (The strategy is suitable for 30 minutes and implies using the following indicators: Color (2; 1) and Momentum Pinball (3; 1).
Users should test different strategies to understand which ones are the best ones to be applied. Our demo account is a perfect ability to test strategies without money losing.
Should I follow to experts’ signals and traders’ recommendations?
Some users are convinced that by following these so-called signals, they are able to make a fortune. Just understand that successful traders keep their methods a secret to be professional. Following those signals, videos and other recommendations frequently lead to accounts blowing.
Is trading in Malaysia legal?
Malaysia belongs to progressive and innovative countries therefore brokers are invited to open their offices there. Malay people are interested in different investing instruments including binary trading. Such activity is completely legal. Restrictions and regulations concern brokers only while Malay traders are free to speculate various assets.
Should I pay taxes from trading?
In order to avoid problems with the government, Malay traders are obliged to pay taxes from their net profits. No matter what is the source of your profit, from 25% to 28% of the net profit are charged. Paying taxes on the regular basis traders are expected to have no problems according to the current Malaysian legislature.
Can I earn for living from trading?
In fact, professional and experienced traders may earn thousands of dollars but you need to understand that it’s not gambling therefore the way of a trader is not a simple one. Our platform can help you make investments from $1 per one deal and that is the best solution to start with. Don’t make large investments until you will have been convinced in your professionalism and strategies.