Every day, binary platforms are undergoing major transformations. The recently launched IQ option auto trader seeks to enable South African traders to have an good time while trading. IQ Option enables traders to invest starting with as little as USD$1 and traders are able to deposit a minimum of USD$10. IQ Option comes with instruction materials for traders.
South African traders already having an IQ Option account can create IQ Option robots through the existing account. Traders in South Africa with no existing IQ Option accounts can open a new trading account. IQ robots come with a demo to orientate traders in South Africa before investing.
There are two ways of creating IQ Option robots:
1. Select from already created robots
2. Develop a robot from scratch with the help of a wizard
There are many IQ Option robots to choose from the catalogue. After traders in South Africa pick their preferred robot, they are required to personalise their trade by running the robot.
Remember to carry a test on the chosen IQ Option robot. This enables traders to make informed choices. When choosing a robot from the catalogue, it is important to note that different trading accounts offer different results.
This feature has been divided into two alternatives to enable novices and veterans to enjoy it at their different levels. These are:
1. Feature which is known as a wizard
2. Advanced feature is known as a constructor
Wizard Option for Traders
This feature enables traders to customise existing robots accordingly. The first step is to choose one of the inbuilt methods. Secondly, traders define their trading choices. Here, traders in South Africa choose either a practising account or an actual trading account and the designated trading amount.
In the initial IQ Option testing feature, traders were able to monitor the performance of robots in the market. Based on the findings, traders are able to modify their IQ Option robots to maximise their earnings.
Pick a unique name that effectively describes the robot. The success of robots is dependent on how enticing the robot is. Ensure the robot is descriptive and dependable for maximum profits. This feature enables users to customise the robots to their satisfaction before publishing.
Constructor Feature for Veterans
This feature involves developing complex robots. It is recommended for veterans in binary trading. Developing IQ Option robots using this feature involves a use of the following tools:
South African traders who use this feature can be guided by the provided video tutorials. Users can choose to customise built in robots or develop new ones.
Prior experience is paramount for South African traders wishing to use this feature. The IQ options constructor involves the use of many tools which include; trading tools, mathematical tools, information tools etc. Only veterans are able to navigate through this feature to come up with a successful robot.
Choosing Between Customizing or Developing Robots
Any interested trader can copy trade a successful robot. South African Traders may want to consider this fact before settling on developing new robots.
binary trading gives users the option of separating robots according to the period, type, profit etc. This option makes it simple for users to navigate through copy and auto trading.
The available robots in binary trading enable users to pick them according to their inclinations. This way, traders do not have to navigate through unfavourable robots.
To begin, new traders are required to sign into the different available accounts. Accounts can either be Demo, Real or VIP accounts. IQ Option is hosted on their own platform, unlike competitors who are hosted on the same platform. This lowers the chances of making wrong predictions.
IQ Option has been formulated with simple user-friendly features. This makes it ideal for novices.
Features of the Trading Options
1. Real-time price movement
Price adjustments are displayed in charts.
2. Tendency indicators
There are different types of indicators like the trader’s choice indicator which helps South African traders monitor investors’ alternative direction (PUT or CALL). This indicator also calculates the percentage of investors in either direction.
3. Technical analysis on price movement
Traders can make their predictions based on how veterans are doing it.
4. Best deals
Monitoring the performance of top traders and how they have managed to be there can help South African traders to follow their example.
IQ Option auto trader offers contests where traders are provided with a certain amount. The user’s balance at the end of the contest determines the winner. The contests last a few minutes hence making them exciting and fun.
Instructions to the contest
- Monitor successful participant’s methods.
- Develop a winning attitude
- Take risks when necessary
- Change your method depending on what your competitors are doing
- Use your performance to plan for a bigger win next time
The technological advancements made by binary trading options have raised the bar for competitors. Traders should yearn to upgrade their investment methods for maximum profits.
Veterans would gain a lot more by modifying these tips to come up with more concrete methods. Having a clear understanding of how different tools operate is an added advantage. Indicators, for example, may not warrant increased profits, but they help traders monitor various tendencies hence making informed decisions.