GUIDE TO TRADING USING TREND LINE WITH SUPPORT/RESISTANCE ON IQ OPTION
Trade with the trend – that’s an age old mantra that professional traders live by. If you trade with the trend, you’re increasing the odds that your trades will be profitable. But this is easier said than done. First, you’ll need to identify the trend. Then, you’ll need to identify the best trade entry points. Pro traders can easily do this without need for indicators or other special tools. However, for beginner traders, it can be challenging. That’s why I’ve created this short guide. In it, you’ll learn how to draw a trend line, support and resistance, and how to use them to trade on the IQ Option platform. Let’s get started. Setting up a trend line Trend lines are used to chart the direction of a trend. The steepness of the trend line can help you have an idea about the trend’s momentum. Steeper trend lines indicate that the price is moving fast in a certain direction. To set up this indicator, start by clicking on the graphical tools feature on your ...