Discussion about Olymp Trade

#1
I became interested in the broker Olymp Trade, because to get started you need a very small deposit there and the reviews are good. I would be grateful for feedback and recommendations on how to start trading in financial markets from real clients of this broker.
 
#3
I'd recommend starting from forex trading. Binary options are good for more advanced traders. Try a few weeks on the demo to observe more or less predictable assets, for example, the euro, and then, depending on the results, decide whether you can trade with real money.
 
#4
You are not the first to advise starting on the forex platform, providing an argument that it is easier. However, in fact, I see that you need to choose leverage and calculate the levels of desired profit and allowable loss. It's quite difficult. In options, you only need to guess the direction and that's it.
 
#5
It's funny that you used the word to guess :) Actually, forex is not a casino. The result can be calculated on forex. Prices for currencies and everything else grow or fall depending on the demand for them, but these fluctuations are finite. If the price of a currency falls, and then begins to grow, this level is called support. If the price rises and then starts to fall, this level is called resistance. The more often the price bounces off the levels, the stronger these levels are. The levels are calculated quite simply on the technical analysis page. A button to go to this page is in the indicators menu of the Olymp trade platform. If Stop Loss is below the support level or above the resistance one when selling a currency, you're most likely to get profit.
 
#6
I barely found a page with technical analysis. It's in the indicators of option mode only for some reason. In general, your method works. But everything happens for so long! I'd like to understand whether I can somehow reduce the time of orders? I only get one order with euro per two hours, while on options a minute is enough to make a profit.
 
#8
You can trade faster using small timeframes, but you need to remember that the smaller the timeframe of the chart, the less predictable the results is. Options with a minimum duration should be used only in cases of an absolute understanding of the behavior of a particular asset. Otherwise, the result will be random. In general, the duration of the order depends on the strategy and ideas used. Look for suitable ideas, they can be the publication of economic data or tracking relationships in the movement of various assets.
 

Mina7

New Villager
#9
You can trade faster using small timeframes, but you need to remember that the smaller the timeframe of the chart, the less predictable the results is. Options with a minimum duration should be used only in cases of an absolute understanding of the behavior of a particular asset. Otherwise, the result will be random. In general, the duration of the order depends on the strategy and ideas used. Look for suitable ideas, they can be the publication of economic data or tracking relationships in the movement of various assets.
You sound quite knowledgeable am actually a beginner still trading in my demo account and trying to read several books so I can learn and master bt I feel like am not learning as fast as I would like to. Sometimes I have great wins other times great losses. And I feel like I have soo much left to learn like stop losses, I don’t think I have fully mastered support lines, resistance lines, trend lines and I came across a book that says every candlestick represents Sth different. Anyway wat am trying to say is I need help.:)
 

rose61

New Villager
#10
Hi members,im also new to olymp trade and i'm currently trying my to learn all i can to make it profitable.I believe in every trade there is always a code which if unlocked,you make good profits. The problem is going in before learning enough tricks.Those who are have understood this type of trade, please help a sister.
 
#12
Not necessary. There are a lot of websites with free ideas. That's what I wanted to say. Speaking of paid signals. Such signals can be very useful if they come from market makers, but those are big players and they usually don't have the habit of sharing their signals even for money. It's simply not profitable for them. Some traders have access to insider information and are aware of the current levels of orders placed by Reuters IFR or Goldman Sachs. Unfortunately, I have don't have access to this kind of data. Ideas is the most valuable data and I look for them wherever I can.
 
#13
I've conducted an experiment. I read that one needs to seek incentives within themselves and be more active. So I thought that maybe trading on the real account will provide me with the needed jolt. As a result, I drained $50 without even finding the strategy. All for nothing :) So I returned to the demo.
 
#15
I made several deposits of $ 10. If you replenish less than $ 30, you don't get bonuses :( it was necessary to pay all the amount at once and then I'd have received the bonuses. But I thought that 10, at least 20 dollars will be enough for me and I will surely win. And then I got too excited and things got blurry :)
 
#17
If you are unable to deposit your account from the card, try opening sckrill wallet and use it for depositing on Olymp. Why I recommend you to do this, because if you later manage to deposit from a Visa card, you make money and want to withdraw it, you may still be asked to enter your e-wallet. Banks don’t accept more than the amount transferred from the card. The second argument is that the deposit and withdrawal with the e-wallet is always made without problems.
 
#19
Bonuses depend on the amount of the deposit. You transfer 30 dollars to the deposit, you receive 10% bonuses. Deposit 100, get 20%. Although for different countries Olymp can define different bonuses. I don’t need them, because bonuses are activated only when the deposit is reduced to zero. That is, bonuses are interesting for beginners, and I was a novice long time ago. I trade with profit. But in the beginning I also used Olymp’s bonuses. At that time Olymp gave a dollar to everyone who passed the voluntary knowledge test after studying 5 webinars for each webinar. Trifle, but it was nice))
 

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