How To Trade And Win In Olymp Trade With A Simple And Easy Way
As beginners, many people want to test whether the Olymp Trade platform really pays money and lets you withdraw money or not. Here, in this article, I will show you one of the easiest ways to open a profitable order and make some profit in Olymp Trade. At the same time, I will give you a few notes on how to trade Olymp Trade经纪人资料 in Olymp Trade.
Video for making money in Olymp Trade with an account of $50
How to make money in Olymp Trade with a $50 account
Choose the reasonable trading assets in Olymp Trade
If you are new with a starter account of only $50, then you should choose currency pairs or assets with a payout rate of 80% or more. This is the profit ratio that you will receive if you win. For example, you enter 1 transaction of $100 with a payout of 80%. If you win, you will gain a profit of $80.
Notes: The higher the payout rate is, the more secure your balance becomes.
For example, you are trading with the USD/JPY pair and a payout of 60%. You open 5 orders ($10 each). 3 wins – 2 losses => You lose $20 for 2 Olymp Trade经纪人资料 losing orders and make $18 for 3 winning orders => Your balance is still losing $2.
But if you trade with the EUR/USD pair and a payout of 80%. You also open 5 orders ($10 each). 3 wins – 2 losses => You are still profitable with $4.
Advice for beginners: EUR/USD and GBP/USD are the best 2 currency pairs for you to get acquainted with during your first trades.
The principles of candlesticks
At different time frames, the price will have different fluctuations. It will also create different candlesticks. Just by observing, you can realize this.
For example, during this trading time frame, EUR/USD creates alternating green and red candles. There are at most 4 consecutive green candles, after which a red candle will appear. And vice versa, there are at most 4 consecutive red candles and then green candles will appear.
Notes: Do not observe the 1-minute Japanese candlestick pattern. Fast fluctuations may make you lose money faster and easier.
Open correct orders
Now you know the principle of candles. The trading strategy for use in Olymp Trade that I mention now will be as follows. When 2 red candles appear in the market, you should start opening orders. Now you bet that the third candle will be a green one. If the third candle is still a red one, then open another order to bet that the fourth one will be green. It means that you will open 2 “HIGHER” orders continuously.
For details, you open 2 “HIGHER” orders to bet that a green candle will appear after 2 consecutive red candles.
Order 1: Bet on a green candle – open an UP order – $2 => LOSE
Order 2: Bet on a green candle – open 1 more UP order – $5 => WIN
After 2 orders, you gain a profit of $2.1. Profit ratio is $2.Olymp Trade经纪人资料 1/$50 = 4% of the balance.
Know where to stop
Do you ever have these questions as follows? If you lose both orders in a row, what should you do? The answer is “Stop!”. When the movements of candles do not follow any cycle, then stop. Keep your money.
On the contrary, if you win, you should also know Olymp Trade经纪人资料 where to stop. You may find that you have only earned a few dollars. But in fact, the profit you Olymp Trade经纪人资料 gain is several percentages of your total capital.
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Whether you prefer trading at your desk or on the go — Olymp Trade has got you covered.
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A Platform that Works for You
These features will help you reach your goals.
Explore the platform and test strategies for free.
10,000 in virtual funds to practice and learn.
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No limits. No commission. No delays.
Quick and easy deposits and withdrawals
7 Years of Excellence
An industry trailblazer since 2014, Olymp Trade has many achievements to be proud of.
In 2019, one of the world's top rugby players, Eben Etzebeth (South Africa), was a partner to Olymp Trade.
Olymp Trade is proud to support the LCR Honda team at MotoGP™ 2019-2021.
The Olymp Trade经纪人资料 Transactions offered by this Website can be executed only by fully competent adults. Transactions with financial instruments offered on the Website involve substantial risk and trading may be very risky. If you make Transactions with the financial instruments offered on this Website, you might incur substantial losses or even lose everything in your Account. Before you decide to start Olymp Trade经纪人资料 Transactions with the financial instruments offered on the Website, you must review the Service Agreement and Risk Disclosure Information.
Olymp Trade: the most popular broker of binary options
Before the start of cooperation with this or that broker, each should check trading conditions first. It is worth mentioning that Olymp Trade company has the most democratic conditions on the market.
The most evident thing is the minimum deposit amounting to 10USD only and the option to purchase the option amounting to 1 USD. While the profitability of the contracts reaches 92% together with the option of trade cancellation with 120% return.
Depending on the number of funds on your trading deposit, your account will get one of the categories: Starter (from10$ with basic functions), Advanced (from 500$ with 13 strategies as a gift), and Expert (from 2000$ with 27 strategies and priority servicing).
The maintenance term during contract purchase can be from 15 seconds to 1 month. Such a diapason allows the non-problematic usage of any trading strategy.
Olymp Trade uses as terminal own development platform Olymp Trade经纪人资料 and one of the most functional sites in the world MT4. You can download any platform directly from the broker’s official website.
By the way, they have Web terminal ad application for trading from smartphones or tablets.
Currencies pairs, Olymp Trade经纪人资料 shares, metals, raw materials, futures, indexes, and extremely popular cryptocurrencies are among company assets. Due to the wide selection of various instruments and advisors, available on both sites you can always make a detailed assessment of the market and make duly verified trades only.
Funds refill/ withdrawal
You can use several methods for trade account refill and funds withdrawal in several ways: bank card, popular e-wallets such as WebMoney, Perfect Money, FasaPay, Skrill, Neteller, and cryptocurrencies such as Bitcoin, Ethereum, Tether. No commission fees.
As for funds withdrawal it is made promptly based on the company’s schedule. The transaction Olymp Trade经纪人资料 to e- and crypto wallets is done within an hour. The withdrawal to a bank card takes from 1 to 3 days depending on the bank.
Official web site
The company’s website home page contains all the required information. The website has been translated into 19 languages including Russian. The interface is user-friendly so you will not have problems with the search of this or that function.
About the latter ones, though. The website does have a lot of functions and has considered all details. Besides registration, reading general information, and contact with the support team it provides the option of free basic learning monitors the exchange rates and get forecasts on some financial instruments.
For trading deposit Olymp Trade经纪人资料 registration, be sure to press the same name button and fill in information minimum (e-mail, password, and account currency). Afterward, be sure to get connected and conveniently refill your account.
Warrant of money security and regulation
As you can see, Olymp Trade经纪人资料 the Olymp Trade tries making its activity as transparent as possible without arising doubts among the customers. Besides this, the presence of a trading site with a huge set of functions, democratic conditions, and a huge amount of various Olymp Trade经纪人资料 bonuses and allows it to keep leadership in the industry. A million traders from 134 countries of the world cooperate with this broker not for nothing.
Olymp Trade’s Halal Accounts
Olymptrade halal account
Olymp Trade’s platform offers Muslim users opportunities to Olymp Trade经纪人资料 trade forex that meet all Islam’s requirements.
Our trading platform has attracted thousands of traders from across the globe. Users not only love our platform due to its high quality standards, but we also ensure that we always meet the requirements of our customers and have created a trading environment that is truly comfortable.
Olymp Trade platform accounts have been brought in line with Islam requirements, specifically for traders from Muslim countries. This makes it possible for Muslim users to learn more about business opportunities presented by the forex (foreign exchange) market.
The main reason why Muslims often don’t want to trade forex is because of the common misconception that forex trading is gambling.
Trading Is Not Gambling
With gambling, every outcome depends on chance. This is not the case with forex as cash flows internationally are governed by the economy, more specifically, the laws of supply and demand. Investors don’t rely on intuition or chance, but use trading strategies that allow them to identify market conditions where they can possibly make a profit.
By using Olymp Trade’s Forex platform, our clients are able to learn how to use common analysis tools, basic trading strategies and general forex trading principles for free.
The users of the platform don’t have to pay swaps, which depend on the interest rates as defined by the country that has issued the currency’s central bank. If a position is to be kept open on the platform overnight, a fixed fee is payable. This fee is known beforehand and has no link to the interest rate of any bank. Traders therefore know the position’s total cost, even before it is opened, irrespective of the level of investment horizon they set.
Real Prices and Markets
When traders execute trades in spot-markets, they Olymp Trade经纪人资料 are trading with real goods. As Islam bans working on contracts that involve the deferred supply of goods, e.g. futures or forwards, our Muslim traders only work in the real market, i.e. the spot market.
Trades are executed at market prices that are determined by other users of foreign exchange markets. A chart is used to indicate the actual value of the asset. Working with these prices fully meets Islam requirements.
Trades are not limited by time, allowing you to make decisions on investments without having to worry about factors such as futures expiration, i.e. its circulation expiring.
In Islam, opinions on trading the foreign exchange market differ. Some individual see forex as a game, while others don’t accept participating in trading due to the close link between loan interest and currencies. The Olymp Trade经纪人资料 mechanisms that are used to determine whether various aspects of trading comply with Islam’s requirements are very complex. For those Olymp Trade经纪人资料 who want to trade in the forex market however, Olymp Trade’s platform presents a high-quality option that meets exacting standards.