Online trading can be a great way to earn extra income, but here’s the truth: if you assume it’s “easy money,” you will lose a lot of it very quickly. To help you avoid those mistakes, I’ve prepared a detailed course that explains simple strategies to make money and manage losses.
This is Part One of the best trading strategy for beginners. If you have any questions, please leave a comment. To access the full course, check the email provided in this video’s description. In this lesson, we’ll focus on trading with the IQ Option platform, and you’ll learn
3 Simple Online Trading Strategies used: What you will learn
Upper and Lower Trend Strategy
Hammer and Shooting Star Strategy
Reversal Candle Strategy
How to identify market trends quickly
Trading precautions
Trading psychology and how to trade like a professional
How to set up indicators correctly
Step 1: Setting Up the Chart (EUR/USD Example)
To start, we will prepare the chart for trading. Follow these steps:
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Open EUR/USD chart.
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Change chart type from lines to candles.
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Set the time interval to 1 minute.
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Add Bollinger Bands → Period: 21, Deviation: 0.
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Add two oscillators → Leave settings at default.
Once this is done, your chart will be ready for trading.
Step 2: Hammer Candle Strategy
The first strategy we’ll cover is the Hammer Candle Strategy.
Characteristics of a Hammer Candle
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Forms along the lower band of the Bollinger Band.
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Appears after two or three consecutive red candles.
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The body of the hammer is above the lower band, and the tail extends below it.
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The hammer candle is usually green (bullish).
How to Trade with a Hammer Candle
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Watch for a hammer forming along the lower Bollinger Band.
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Confirm that 2–3 red candles appear before the hammer.
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Wait until the 31st second of the candle.
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Place a trade in the higher direction (buy).
Step 3: Example Trade with the Hammer Strategy
Let’s walk through an example:
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A green hammer forms.
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The hammer appears at the lower Bollinger Band.
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Its body is above the lower band, and the tail is below the band.
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There are three red candles before the hammer.
At this point, the conditions are correct. So, I wait until the 31st second and place a trade upward (buy).
Result: This trade wins because the hammer indicates a reversal after a downward move.
Step 4: Important Reminders
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Never assume trading is “easy” money. Without strategy, you will lose.
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Always confirm signals before placing a trade.
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Manage risk by starting with small amounts until you’re confident.
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Keep emotions in check—trading psychology is as important as strategy.
Next Steps
This is just Part One of the trading guide. In the next lessons, we’ll cover:
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The Upper & Lower Trend Strategy
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The Shooting Star Strategy
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The Reversal Candle Strategy
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More advanced trading psychology tips
If you have any questions, please leave them in the comments.
“CFDs are high-risk products. 74–89% of retail accounts lose money when trading CFDs. Consider whether you can afford to take this risk.”
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