Widgets are small but useful elements of the IQ Option trading platform. Let's see how each of them can enhance your trading experience.
There are total of four widgets on IQ Option trading platform. They can be found by clicking the Indicators button in the lower left corner of the traderoom, in the tab next to indicators:
Where to find IQ Option widgets
Traders' Mood Widget
The first widget is called Traders' Mood. It basically shows the general anticipation of the trend movement based on other traders' deals opened on the specific asset. Enabling it bring up a green-and-red line on the left side of the traderoom. In our case, it is 35% red and 65% green which means that 65% of traders placed buy deals and only 35% of them placed sell deals on this asset.
Whether to follow the majority of traders or to trade against their prediction is always up to you. In any case, Traders' Mood widget can give you the additional insight.
High and Low Values
This widget is designed to help you assess the price chart by displaying the highest and the lowest value of the asset for the portion of the chart that is shown at the moment. In the widget configuration menu, you can set up the time frame for which the values will be shown – from thirty minutes to two years.
Other Traders' Deals
This interesting widget gives a bit more insight in how other traders analyze the market by looking at the deals they placed. You can configure which asset types you would like to see the deals on – stocks, ETFs, commodities, crypto, Forex or options. The deals are shown right on the price chart – you can see the name of the trader, the investment amount, and the direction of the trade. However, keep in mind that the names may not necessarily be the real ones – if a trader wants to obscure his or her real name, he or she can do just that. Interested in how to do that? We'll cover that topic in one of the next articles, stay tuned!
The last widget we'll cover shows the news that could potentially influence (and that did influence) the price movement of the selected asset right under that asset's price chart and places it according to the time when the news was released. If there was more than one event, a number of them will be shown as digit, upon clicking which you will see the list of the events. Moreover, by clicking on the specific news, you are able to read the full article text directly in the traderoom and, if necessary, to check out the source too. And there is even a list of the affected assets with the information on how they appreciated or depreciated since the news came out. Overall, this widget tremendously helps to ascertain the impact of the different events and to effectively combine fundamental analysis with technical analysis tools.
The steps on the image above are as follows:
- Click on the news.
- Click on the article preview.
- A full text of the article appears.
- Scroll down to the end of the article to see the affected assets.
That's all for the review of the IQ Option trading platform widgets. Feel free to use these widgets in your trading, and remember that the decision to enter the market should always be based on several sources of information.
If you don't have an IQ Option account yet, click on one of the buttons below. The registration is completely free and won't take more than a minute.
Risk warning: Financial products offered by IQ Option include CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.