If you are reading this, I am sure you are lost in the maze of losses when things are not what you initially imagined. Making money stably in IQ Option, left-hand jobs, extra income, financial freedom, etc. are all destroyed by continuous losses in the investment process.
However, do not panic when losing money. Just see it as “tuition” for the market. And when you become an excellent “student”, you will make a profit many times the tuition. Here is the process of making $15 per day with the RSI indicator in IQ Option of an investor who accepted to spend money to learn the trading job.
- 1 If you want to make money stably in IQ Option, consider trading as a serious job
- 2 How to make money by trading in IQ Option with the RSI indicator
- 3 Nice entry points that helped me make money in IQ Option with the RSI indicator
- 4 In conclusion
If you want to make money stably in IQ Option, consider trading as a serious job
Have you ever considered trading as a serious business? If not, then the fact that you are in the group of 95% losers is not surprising at all. Most people just see it as a walk to the casino. Instead of telling their hearts to always act rationally, they act on their emotions.
Losses initially are seen as compulsory tuition for everyone. However, you must gain knowledge and experience in those losing trades. Then, turn it into a money-making job other than your current main job. In that way only can you get back the “stupid” money you paid when you were a beginner.
To have good skills in trading, you need to practice a lot. Therefore, the fact that trading platforms offer a Demo account helps you improve your skills, build the trading principles that are considered to be the most suitable.
Well, it’s up to you whether to take it as a profession and live with it or not. However, to me, it is passion and a left hand job that makes money. Great! Now let’s get to the how-to-trade part.
How to make money by trading in IQ Option with the RSI indicator
This is a pure reversal trading strategy. That is to wait for the points where there is a high possibility that the price will not be able to continue and have to turn around. This is for those who like the feeling of catching the top and bottom of the market. This is a somewhat risky trading strategy that requires psychological preparation before entering the market.
*Notes: A 5-minute candlestick time frame should be used as it is ideal for performing reversals.
When you use the Relative Strength Index (RSI), there are 2 important things you need to pay attention to. These are the Overbought and Oversold zones where there is a very high probability of a reversal that can be used to open safe orders there.
Open a HIGHER order when: the RSI indicator goes up from below 30, indicating a price reversal from bearish to bullish.
Open a LOWER order when: the RSI indicator points down from above 70. It is a highly accurate bullish to bearish reversal signal.
With this reversal trading strategy, you can combine it with the Martingale capital management method for up to 3 orders. It gives me a steady profit of $15 a day by finding the right entry point.
For example, suppose that you lose the first position by $10, then the next investment will be $25. If you win the 2nd order, you will have enough money to cover the loss for the first order plus a little profit. If you, unfortunately, lose the 2nd order, the 3rd investment will be $100. If you win, you will cover the loss of the previous 2 orders.
There is no guarantee that the price will reverse, so the cycle will end at the 3rd losing order to avoid burning out the account when the following orders’ volume is becoming larger.
Those are the trading strategy and the capital management method that help me make money steadily in IQ Option. Now we’re going to the real battle so that the theory is more than just talking.
To best avoid all risks, we should trade when the market is sideways. This is because the reversal orders only work best at that time. When there is a main trend, it’s time to get off the market for something else.
Nice entry points that helped me make money in IQ Option with the RSI indicator
I only traded a single currency pair which was EUR/USD from March 22 to March 25.
March 22, 2021
1st order: When the RSI indicator was in the oversold zone and the signal candle closed, I opened a 5-minute HIGHER order (to bet for the next bullish candle). The result was as expected that brought a profit of 80% over the invested capital.
2nd order: The price reversed sharply into the overbought zone and closed a candlestick right there. Opened a LOWER order with an expiration time of 5 minutes.
March 23, 2021
3rd order: The market went into the oversold zone and the long red candlestick was the signal to open an order. Opened a HIGHER order to predict a reversal in the price for the next candle when all the conditions were fulfilled.
4th order: The EUR/USD currency pair started going into the overbought zone when creating many green candles in a row. At the same time, a Hammer candlestick appeared as the signal candle. Opened a LOWER order right there with a 5-minute expiration time.
5th order: The entry conditions were the same as the 4th order. However, the Martingale capital management method was applied to increase the investment from $10 to $25 on this order. Again, I predicted that the price would reverse to bearish within 5 minutes. Eventually, the price dropped. The profit was enough to cover the loss of the 4th order.
March 24, 2021
6th order: The price entered the overbought zone with a long green signal candle which closed at the highest position. Opened a LOWER order to predict that the price would reverse in the next candlestick with a 5-minute expiration time.
7th order: The market went to the oversold zone and the signal was a red candle. Opened a HIGHER order with an expiration time of 5 minutes.
Especially, if you meet the target, you should withdraw money every day to form a good habit. It both helps you feel the profit every day and see the effectiveness of the trading strategy with the RSI indicator in IQ Option.
Remember that professional traders do not focus on high profits, they only care about the steady flow of profits every day, month, or year. That’s what you need to do if you want to become a successful investor.
Due to the limitation of the article, I can only guide you through one part of my trading journey. And on that path, my trading strategy will still be uniquely built around the use of the RSI indicator as it is currently bringing the desired profit on a daily basis. I am sure it will help me earn a small but steady daily income.
And do you want to earn a daily income? If yes, please try the above strategy that I have just introduced to see if it will work. If it works for me, then it would certainly work well for you. Shout out to experience it. Wish you success.