IQ Option Trading Tournaments

Because it’s an investment firm as well-known as IQ Option, the first answer that comes to mind should be: Just investing, isn’t it? In fact, too. Of course. But not only that. Lately the platform has greatly expanded its range of services. One of those additions provided to the customer now is the sheer success called the IQ Option Online Trading Tournament .

As its name suggests, it is a tournament aimed at active Traders registered on the platform and who wish to increase their income by showing their ability to earn good by applying in Binary Options.

This innovation in the investment sector aims to reach new audiences, as well as stimulate learning among its users. So how can you turn $ 20 dollars into $ 2800? Very simple. Investing!

The proposal is to provide disputes of a certain duration to calculate the returns of all participating investors. Those who are among the best will receive cash prizes according to their location on the list, which goes from first to thirtieth place. Check out more about this investment marvel that is paying up to $ 50,000 a month to the most outstanding participants.

What are Trading Tournaments?

By definition, a tournament is a competition-driven social device. In this case, investors will be competing against each other to reach the top and take a hefty cash. To illustrate the concept let’s go to an example. Just like every Binary Options investor, you’re used to investing in your own account with your own money and getting rewarded for your profits, aren’t you? Well In the case of tournaments the essence is this, but that’s not exactly how it works.

Competitions such as this usually require a small entry fee and upon this payment the investor becomes able to operate on the platform and to have his income monitored by the system. In this way, the values ​​will be calculated and the ones that multiply the most with the initial value with which they started in the tournament. In the case of IQ Option, anyone in the top 30 at the end of the tournament will be awarded.

IQ Option Trading Tournaments

 

To participate in the tournament and have their income accounted for, interested traders must access the specific page through the page and authorize the debit entry in their wallet. Simple and easy like that. In just 1 click. Once the company authorizes participation, the investor automatically receives access to a tournament own account with a certain cash value already credited to the account. This way everyone starts with the same starting amount so that there is no difference in difficulty or income on each account.

Investment competitions are organized and funded by the company’s own platform. To further increase the flow of trading traders, IQ Option offers 3 different types of tournaments which can be viewed in more detail below with a more detailed description of each.

Weekend Treat

  • This tournament mode lasts 2 days. You can register at any time until the tournament deadline, but you are advised to do so as soon as possible so you can have more time to make profitable transactions.
  • The registration fee is only $ 2 and is valid until the end of the tournament until the account reaches the zero balance. If this happens, the participant may request another registration at any time. In such cases the participation rate will remain the same.
  • For this category the awards range in the thousands of dollars, around $ 2500 to be shared among the top 5.
  • Each registered investor starts competing for $ 100 in their account, which is exclusively used in the tournament.

Financial quake

  • This is undoubtedly the most coveted among the modalities available in the tournament today. Its duration is exactly 1 month and everyone can apply at any time.
  • The participation fee costs $ 20 dollars and a new application to reinstate the deposit, just like the previous ones, costs the same amount. This action can be redone as many times as the player deems necessary. Regardless of other factors there are no limits on new subscriptions.
  • The fixed prize for this category reaches the impressive $ 50,000 mark.
  • Unlike the first two modalities, in the case of Financial Quake the amount credited to the investor holding account is $ 10,000.

Margin call

  • The duration of this tournament mode is 12 days, with the possibility of registration at any time of the competition until its end.
  • Since this is a format of the competition in which there is more capital and more time involved, the entry fee in this case is $ 4, with the cost of repurchasing the same amount for full loss or if the investor simply wishes start over with the deposit once again intact.
  • In this option the prize pool is considerably large at around $ 20,000.
  • As in the case of Weekend Treat, in this tournament all participants start the $ 100 account contest

How to Succeed in Trading Tournaments?

As with any other high-risk asset investment , there are some precautions to take to maximize your chances of great success in tournament operations. Some of them deal with basic knowledge about Binary Options investing, others we have gathered especially for you who want to start participating in this revolutionary competition and want to start off on the right foot.

Check out our 5 tips for doing well in the tournament.

# 1 Study the Market and Understand the Platform

This tip seems obvious, but the fact that it is at the top of the list is no accident. One of the main reasons why traders fail early in their investments is lack of knowledge. Binary Options and the financial market as a whole are tools that should be used very carefully, as the same dollars that can lead someone to wealth can lead to bankruptcy in a matter of short periods of time.

There are a number of specialized companies, including platforms like IQ Option, that have a variety of valuable educational materials for investors of all levels. If this is your case, I recommend accessing this content which is available to all your registered users for unlimited time.

# 2 Use Binary Options Signals

If you still don’t know what it is, a Signals tool is primarily responsible for assisting the investor moments before making a buy or sell decision. It is simply to confirm a prior market analysis or to provide indications of what trends a particular asset may take.

There are several options for this service offered for free by applications and websites across the Internet, but it is more advisable to try Demo Accounts before Applying with Real Money or high value transactions. This way you can attest to the quality of the predictions made by the software before you can take unnecessary risks.

# 3 Do Risk Management

Good risk management means pondering what advantages you can gain in a given trade and what risks your deposit will be taking for that. Therefore, always calculate how much you are willing to lose if the position is not profitable according to the profitability you expect and expect for that asset.

# 4 Keep Emotional Control

Being emotionally balanced is not only important in life but especially while investing. Trading competitions can be very stressful when you don’t have the proper emotional preparedness to deal with gains and losses. So, do your best to get everything in the spirit of it. Focus, patience, and avoiding acting on impulse can all be crucial.

# 5 Don’t be discouraged

If you still get negative results from an unexpected slip or condition, there is no reason to despair and drop the tournament just for that. If you have the ability to continue and are aware of it, why stop? New signups can be made at any time and unexpected gains can happen. After all, that’s why there are people who make a lot of money and people who lose so much trading with assets. Because these investments are never 100% predictable.

Michealle

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