Hello guys, it has been a while since I joined this forum but I have not posted any topic yet. Today, I want to share my experience about a fault of IQ Option as well as my trading strategy with this platform.
Fault of IQ Option and my trading experience
First of all, I will talk about the fault of IQ Option on 28 February. But let’s make it clear that I only trade with the Digital options. For those who have not joined IQ Option before, Digital is a new trading tool like a variant of the Option. The difference is that you can “strike” at any price you like. That day, something was wrong with the platform that whichever price you strike, you will still profit one fixed percentage. That’s why I had stricken with a very high price (the higher, the safer) and get the return of 33%. You can see the photo below for more details. As a result, I profited about $10.000 within only 5-7 minutes before the platform was fixed. I withdrew $7000 to avoid being detected and succeeded. I held back $4000 to continue trading. Of course, they detected the fault right after that and then delayed all my request for the next days. That means if I put in a request, it will take 3-4 seconds to process. The next Monday, they called me and said it was manipulated. They asked me if I could give them back $700 from my $4000 balance. I was ok with that because I was lucky anyway. Then they locked my account for the next 24h. After all, it was not me who cheated but their vulnerabilities. I also do not argue with the broker, because it was so lucky to withdraw $7000 successfully.
Now, let’s talk about my trading experience. Actually, trading is not my main job but my left-hand job to earn more money. On average, I spend 2 hours in a fixed time each day to trade. I set a limit for myself to profit only $100-$150 per day and then do other things. It is the same if I lose more than $100, without regret. I have traded on IQ Option since last August. For the first 5 months, I profited almost nothing because I had no experience in risk management as well as personal feelings. However, now I have my own strategy, strict rules for myself. This is my today trading result.
That is one of my trading experiences on IQ Option. I don’t think there are many of you on this forum use the Digital Option like me. It does not bring you much % profit but it is more reliable. Thanks so much for reading.
Hope you enjoy trading.