IQ Option Tournaments

Binary Options Tournaments

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IQ option is also offering binary options tournaments. I never found these on any other broker site, so I tried them with great interest. At the beginning, all traders will get a tournament balance of $10,000 for their use during the tournament. Winners are determined by the amount of tournament balance at the end. Participants with the highest balance will win the first place prize etc.
Some tournaments have a guaranteed prize fund, which means that, if participation fees do not cover the whole prize pool, the broker will pay the rest of the guaranteed funds from his or her own pocket. Some tournaments also have rebuy possibility, which means that, if you lose your whole tournament balance, you rebuy yourself back to the tournament. For the same entry fee as originally, you get a tournament balance of $10,000 for the second time. Tournaments usually last for 30 minutes, so they are a great entertainment for investors who want to get excitement and high profits in short periods. By participating in the tournament, you can earn up to one hundred times (sometimes even more) the entry fee.
Tournament Strategy:
The average level of the participants in these tournaments is astoundingly bad. With a good strategy, these are a truly easy way to earn money. You do not even have to know much about investing, as long as you follow the following instructions:

• Always aim to win. The first-place finisher always gets by far the biggest prize. It is therefore not worth to ensure the eighth or ninth place, even if these allow you to earn a cash prize. Even if you just have a small chance, try to get to the first-place, as it is usually worth the risk.
• It is fine to spend the first few minutes to observe what strategies the other participants are using. Whether other participants are trying to grow their tournament funds aggressively right from the start or do they take a more cautious approach. You can then tailor your own strategy according to this. However, make sure that the first ranked participants do not escape too far from you, or it may become hard for you to reach them later on.
• In the middle of the tournament, you should have a clear picture of what the other participants are doing and what kind of strategy you should use. Now, it is time to optimize your strategy according to your objectives. If you are the clear leader, do not get too close to those in previous positions. If you are close to the first places, try to keep them close, so that you can strike when the end of the tournament is near. Also, observe what kind of strategies the tournament leaders are using. If they are too cautious, this will be your chance to take the whole pot, struck more aggressively and try to get the first place.
• If the end of the tournament is getting closer, and you are far away in the money finish, it will be the best moment to take big risks. You have nothing to lose, so it will be a good moment to reach the money by taking big risks. Victory is already probably too far away, but do not be discouraged. As long as you have money, you have a chance.
• Analyze your strategy afterwards and think if can win more in some other way. There is always room for improvement, even if you won the whole tournament. Spend a few minutes analyzing your strategy after the tournament is over, as this might be extremely beneficial for the next time.

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