If you're trading currency pairs on IQ Option (forex, option or digital option ), the time which you choose to trade coupled with the currency pair will play a huge role in your success. There are four major forex markets; Sydney, Tokyo, London and New York. Depending on your timezone, each market is either open during the morning, afternoon or Forex market (short for “foreign exchange”) is the largest and the most liquid financial market where the global currencies are traded. Forex traders purchase currencies with the intent to make money off of the difference between the buying and the selling prices. The main highlights of Forex trading: Firstly, sign up to IQ Option trading platform. If you are a newbie in Forex trading, we recommend you to start with a Demo account (with rechargeable virtual $ 10 000), so you don't have to worry about losing your real money. Forex: IQ Option offer forex trading on a small number of currencies. Spreads are on the high side and the brand do not excel in this area: Forex.com are a leading forex broker. Offering the largest range of currency pairs (80+) and some of the tightest spreads in the industry. GBPUSD Spread; 5 pips: 1.0 Var: EURUSD Spread; 14 pips: 0.7 Var IQ Option is a licensed Global service which provides all the favorable conditions to its users under which they can efficiently make Forex trade. It offers a high-quality platform for forex trade which is easy to use and comes with a 24-hour support system. The time of the Forex market is the schedule of trading sessions. Forex market is open 24 hours from Monday to Friday. The largest interest in currency trading is observed during working hours of work of stock exchanges of those countries whose national currencies they are. But 40 million officially registered users cannot be wrong - IQ Option offers the best conditions for FX Trading. Scam Protection. In the digital age, it is very important to ensure the security of your customers from hackers. Therefore, IQ Option uses high-quality SSL protocols version 3.0 and higher, with a 256-bit dynamic code. Comparing this market to the stock market is one way to grasp the sheer scale of it; the average traded value of the global stock market is around $ 2,000 billion per day, while Forex trading surpasses $ 4.9 trillion daily. Unlike some other markets, this is no central market for Forex trading. To trade forex on margin on the IQ Option platform, follow these steps: 1. Open a new asset and select “Forex”. 2. Enter a trade size by clicking the “Quantity” button. 3. Set optional parameters if you wish: - If you would like to open a position with the expiration time, press the “Expiration” button. - Set the take-profit/stop-loss levels. 5. AN EXAMPLE OF SOME OF THE LOWEST FOREX SPREADS ON IQ OPTION’S TRADING PLATFORM. IQ Option’s forex spreads start from about 0.015%. These are floating spreads that change according to market liquidity, news releases, and other factors. Forex Market Hours. The forex market is basically open 24 hours a day, 5 days a week.
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