Buzz
Although IronTrade was introduced just under 5 years ago, it has already established a strong position among binary options trading platforms. IronTrade's advantages include a user-friendly interface, easy gameplay, high returns, and a variety of assets for investment. If you're seeking a reputable and effective method of earning money online, IronTrade is an undeniable choice.
Is making money online through IronTrade a viable option?
Unlocking Online Earnings on IronTrade for Beginners
1. Introduction to IronTrade
IronTrade serves as a binary options brokerage platform that enables users to trade currency pairs, commodities, stocks, and other underlying assets. Investors can use IronTrade on the smartphone app or web interface to make money online by engaging in the buying and selling of futures contracts for stocks, cryptocurrencies, indices, metals, or currencies.
Unlike other binary options trading platforms that allow trading up to 23 hours, IronTrade limits trading time to a maximum of 240 minutes. Investors can also utilize short-duration trading with periods as low as 30 seconds. For those unfamiliar with the IronTrade platform, readers can refer to this guide.
- Learn more: What is IronTrade
2. Trading on IronTrade
To trade on IronTrade, you need to create an account and deposit funds into it. Then, select the type of asset you want to trade, with a minimum trading amount starting from 1 USD, and a trading time frame ranging from 30 seconds to 240 minutes.
To place a trading order, you must predict the direction of the asset price within the chosen time frame by clicking the Upper (price increase) or Lower (price decrease) button. If your prediction is correct, you will profit; otherwise, you will lose the amount placed in the order.
To better understand the process of trading and earning online on IronTrade, follow the guide below:
2.1. Create an Account on IronTrade
Before starting binary options trading on this platform, you need to create an account on IronTrade. Similar to other trading platforms, the account creation process on IronTrade is relatively straightforward.
Step 1: Simply visit the IronTrade account creation page HERE.
Step 2: Enter your complete email address, phone number, and password to create your account. If you prefer not to use an email address, you can log in with Facebook or Gmail.
Step 3: Click on the confirmation box indicating you are over 18, check the 'I'm not a robot' box, and then click Register to create your IronTrade account.
2.2. Use the demo account to familiarize yourself with trading on IronTrade
All new users on IronTrade are provided with a demo account containing a certain amount of virtual funds. The demo account allows access to all features of IronTrade. With the virtual funds in the demo account, you can become familiar with trading and experiment with different investment strategies on IronTrade.
Once confident in your trading abilities, you can transition to real-money trading.
2.3. Deposit Funds into your IronTrade Account
To trade with real money and earn online on IronTrade, you need to deposit cash into your official account. Here's how to deposit funds into your IronTrade account:
Step 1: Click on the Deposit button in the top right corner of the screen.
Step 2: Choose the method to deposit funds into your IronTrade account and then click Next.
Step 3: Select the amount to deposit and click on Proceed.
2.4. Choose the type of asset to trade on IronTrade
To earn money online on IronTrade, you need to select the type of asset you want to trade. IronTrade supports various types of assets such as stocks, commodities, currencies, and indices.
Each type of asset has different characteristics and levels of volatility. You should research and choose the type of asset that best suits your capital and investment strategy.
2.5. Choose the trading amount and the trading time frame
After selecting the asset type, you need to determine the trading amount for that asset.
Next, choose the trading time frame. The trading time frame is the expiration time of the trade. This time frame can range from 30 seconds to 240 minutes.
2.6. Choose the direction of the trade on IronTrade
There are two types of trades you can execute on IronTrade. The first type is Long trading: you predict that the price of an asset will rise after a certain period. The second type is Short trading: you predict that the price of that asset will decrease. To choose the trade direction, click on the green button (Up) for Long trading or the red button (Down) for Short trading. You can also perform a multi-directional trade.
After selecting the trade direction, wait for the expiration of that trade's time frame. If the price of the asset in the trade changes in the direction you chose, you will receive up to 90% profit from IronTrade. Conversely, you will lose the entire trading amount if you choose the wrong direction of the asset's price.
2.7. Using the Martingale method to earn money online on IronTrade
Martingale is a popular method to recover losses while trading on IronTrade. The principle of the Martingale method is quite simple; you just need to double the investment amount after each losing trade. For example, if you lost 10 USD in the previous trade, you need to invest 20 USD in the next one.
If you correctly predict price movement in the second trade, you will recover the loss and gain profit. If the second trade still results in a loss, you will need to invest 40 USD in the third trade.
Note: The Martingale method carries a certain level of risk, so you should choose trades with a high winning ratio on IronTrade. To avoid unfavorable situations, only use disposable capital if you want to employ the Martingale method.
2.8. Withdrawals on IronTrade
Once you have earned money online on IronTrade, withdrawing funds from this platform is very straightforward. The specific instructions are as follows:
Step 1: Log in to your IronTrade account.
Step 2: Click on the My Account icon in the top right corner of the screen.
Step 3: Click on the Withdraw button.
Step 4: Enter the amount you want to withdraw and the withdrawal method, then click Withdraw.
Step 5: The withdrawn amount will be transferred to your designated account within 24 hours.
3. Some platforms similar to IronTrade for earning online
In addition to IronTrade, you can also use several other binary options trading platforms to earn money online, such as Olymp Trade, Expert Option, IQ Option, Binomo, Spectre.ai, Quotex. These trading platforms operate similarly to IronTrade, so you won't need much time to familiarize yourself. You can refer to reviews of these platforms on Mytour.
Here is a guide on how to earn money online on IronTrade. Trading on binary options platforms like IronTrade involves a relatively simple process but still requires investors to have a sound investment strategy. If you're not familiar with earning money online on IronTrade, it's advisable to practice trading with a demo account. With experience and analytical skills, you can quickly make money through IronTrade. Wishing you success!
