IQ Option Highlight an Easy Way to Automatically Open Deals

The CFD trading platform, IQ Option have explained how you can use the “mark-on-open” feature which can helo traders open deals automatically.

The availability of these service has been on the platform for a while but you might not have used it before or you have been unaware of it at IQ Option. Thanks to guide they have uploaded explaining it, this will change and you will can put it to its full use and benefit from the convenience it offers.

In regards to what it is and how it works, it lets users have the opportunity to open deals (both Buy and Sell) at the opening price of the asset. This is applicable to use on one of the more prominent areas of their service, CFDs (contracts for difference) because as opposed to stocks, as CFD are non-restricted in terms of time limits of inactivity. With the service intended to help traders negotiate the market when it isn’t open essentially.

This was previously not an option available. As IQ Optioexplain “before the introduction of “Market-on-open Orders” feature, traders had only one option to submit a pending order. By filling in the “Purchase at…” box at the bottom right-hand corner of the trade room, you could specify the price at which you were ready to buy or sell the asset. ” This could also help to some extent but was not as full-proof.

Namely, this is because it relies on the market staying consistent – which can’t be guaranteed when trading CFDs. The reason why this is the case with CFDs and why it is designed with these in mind owes to the fact they don’t abide business hours and closing times. However, the companies behind them do. As such, when they open again the fluctuation can be huge. This is something that happens very regularly.

Thus, it means there the value of the ones you own may have changed drastically during this period of inactivity – – sometimes for the better, sometimes for the worse. With the market-on-open option implemented and to automatically set ahead of times, it means that you are able to take advantage of this. As such by doing so, you can use it as leverage.

With the previous feature that was available, this could not be achieved with you have to rely on the market sentiment not changing when the hours were closed. As such, this provides more control and prevents any nasty surprises when business hours open again by ensuring you are ready ahead of time.

Getting right when the market remains closed will still be tough but is something that must be grasped and this is a great way to ensure you do. IQ Option sums this up by stating that “All in all, market-on-open orders, if used correctly, can become a valuable addition to your trading strategy. This feature, however, is hard to master, as it is not always easy to predict the direction of the price at the moment of market openings and also to tell which direction it will follow afterwards.”

However, if you are keen and like trading CFDs you can start using it at IQ option