Finding the Perfect Time to Trade with IQ Option

Finding the Perfect Time to Trade with IQ Option

IQ Option has released a new guide to time frames so that you can be in the right asset at the right time.

As any trader will tell you, making money by investing is a matter of timing. Those people who picked up Microsoft or Apple stocks at the turn of the century are the perfect example of that, as are those who sold up too soon and have had to live with that regret for the rest of their lives. As such, the importance of timing in trading is one of the most crucial tools in your arsenal. It is all well and good knowing trade techniques, but without getting the timing right you will be a day late and many bucks short.

Fortunately, IQ Option have released their latest guide which focuses directly on “what time frame to trade and what time frame to analyze?”.  In this guide, they outline how to analyse appropriate time-specific data in order to achieve success. While they note that historical data is important, the tendency to over analyse this and look too far back is sometimes problematic. Naturally, you can’t ignore the past but it is all about finding the right past to look into.

As a trader, you need to know both the historical track record of your investment and the more recent activity it has demonstrated to best ensure you know what will happen in the here and now and, more importantly, into the future. IQ option makes this possible but offering you time frames that range from just a few seconds to one month.

As per IQ Option, “choosing the right time frame is essential for every technical analyst, as it can help gather relevant information and manage the risk of acting upon false signals”. With this considered, they have detailed a couple of options to help you with your time frame management which can be used reflective of the assets you are hoping to trade, because as they point out; different asset classes benefit from different time frames.

Notably, stocks that have low volatility, such as commodities and ETFs, should have a more longitudinal approach as they are traded over long periods and so a longer time frame should be chosen accordingly. On the flip side, when you are ForEx trading and are looking at the value of currencies, these can change a lot more in a short period of time so you need to more on the ball and ensure you are using shorter time frames. As such, you need to consider what you are trading and then cater your time frames to that.

This is the first step. Then you have to consider yourself and your own personal trading style. They note that on “the bigger the scale, the more reliable are the signals observed and the fewer of them will be received. Conversely, on a small scale, you will have more incentives to open and close the trade, often driven by market noise (random price movements that are not reflective of the overall market sentiment).”

As such, it is important to find the right middle ground where you feel comfortable monitoring but is still going to provide accuracy and finding the right balance. IQ Option recommends longer time frames to “novice” traders to ensure they can get their heads around it. Once you are comfortable with longer time frames, you can move on to short ones. However, why just one time frame? IQ Option also makes a case for the benefits of having multiple time frames that you refer to as these will help compare and contrast them but, again, walk before you can run.

If you are interested in learning more than you can read the full guide at IQ Option.

Register for Latest Updates & News

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

Recently Similar News

Latest Guides

Latest News

1xBit Guide: Crypto Sportsbook & Casino

The casino and sportsbook industry continues to witness an increase in the number of platforms within the space. This creates a challenge of identifying the best and most reliable sportsbooks that will offer you the most impressive services. In this guide, 1xBit shall be reviewed in terms of its service offerings and unique features that […]

11 January, 2022

XBE Community Launches a $500k Bug Bounty

Decentralized technology is built to attract the smartest and brightest brains from all over the world to work towards a common goal: free and fair financial systems. Despite the uncertainties surrounding future laws, DeFi protocols are rapidly adapting and growing to provide new ways for individuals to obtain more value from their money. And this […]

28 December, 2021

11 Biggest Sponsorships Deals for the Crypto Market in 2022

The global sports industry is looking to revamp its activities and recover from the after-shocks of the COVID-19 pandemic. Cryptocurrency platforms on the other hand have enjoyed immense growth and are searching for big platforms that can provide better brand visibility. That’s where sports and crypto make a perfect match with many global sports organizations […]

1 December, 2021

ChangeNOW Unveils a New Cashback Feature

ChangeNow offers crypto users smooth exchanges and doesn’t stop there. The exchange platform provides registered users a chance to profit from crypto swaps with cashback in NOW tokens through the ChangeNOW website. The cryptocurrency exchange and processing platform offer you an effortless way to turn your traffic into profit and boost your crypto journey. The […]

15 November, 2021

Celsius Casino is Raising the Temperatures with a Voluminous Game Lobby

Celsius Casino has become a go-to gaming destination for casino fans looking for an action-packed online gaming platform. The online casino boasts a robust game catalogue with over 4,000 games. The extensive game portfolio caters to Slots, Table Games, and Live Casino fanatics and is powered by well-known providers such as Evolution Gaming, NetEnt, and […]

9 November, 2021

ChangeNOW Has Announced the Release of its Own Digital Wallet

Limitless and swift crypto exchange platform ChangeNOW has released its own non-custodial NOW Wallet, facilitating fiat to crypto purchases and reliable crypto transactions from the comfort of a mobile phone. NOW Wallet is available in beta version for both iOS and Android devices and allows users to transact with over 20,000 currency pairs, regardless of […]

29 October, 2021

BitPanda Enhances Its BEST Rewards Programme

The EU-based cryptocurrency exchange, BitPanda, has improved its loyalty programme, BEST Rewards. It is now providing owners of its BitPanda EcoSystem Token (BEST) an additional 12% in potential revenue each year. Every registered BitPanda user who has BEST in his or her wallet and carries out at least one monthly trade will be eligible for […]

25 October, 2021

ChangeNOW’s AML Action Lead To The Return Of $15M COMP

Earlier this week, ChangeNOW announced that it was able to identify and return 45,505 COMP back to Compound. The estimated value of this recovery is around the $15m mark. This remarkable achievement is further proof of the effectiveness of the exchange’s Anti-Money Laundering (AML) procedures. In an announcement made on ChangeNOW’s website, the company provided […]

6 October, 2021