Olymp Trade Chart Analysis
Forex trading means that you can make an unlimited profit or loss. When it comes to trading many traders are asking how to make money on the Olymp Trade platform.As mentioned before you can choose between fixed-time trades and forex trading on the menu. It is possible to switch with one click between these two financial products. In the next sections, we will discuss how to trade on the platform and how does it work to invest money. For trading options and forex, technical analysis should be used.On the platform, you can use different chart types and indicators. Olymp Trade offers a huge range of tools for analysis.
Its minimum deposit starts at $10 and I was completely fine with it. As a result, I got a free training from a broker and started my trading. When I only started I knew that it would be hard for me, but Olymp Trade made my experience as positive and easy as possible. It’s actually very rare for a broker to take care of all his clients, regardless of their financial capacity and willingness to invest large sums. Compared to other options i really think olympic trade is reliable.
So, I dared and I saw that the broker was absolutely genuine. I traded very intensively for several months on its web platform and I also frequently withdrew monthly to my credit card. This broker inspires trust because it is regulated by well known regulators and has a deposit insurance. I believe that every broker should be reliable enough in order to provide its traders with confidence. Traders always should be convinced that their money are in safety and they will have no any issues with withdrawing earned money.
I constantly read something and watch videos about different trading strategies. I also believe that you need to learn from the mistakes of other people. I think that this is correct because if a trader makes a mistake, it means that he loses money.
Olymp Trade provides training in the form of documentation, live online, and in person. Yes, Olymp Trade has a mobile app for Android, iPhone, and iPad. First, you need to know how certain news can affect a certain asset. During the news release, the asset can go up or down sharply. It is important for us to learn to understand this and then FTT will be able to help us earn good money. Of course, you can make money here, but you need to understand a lot of things.
But you can trade on your own, for example, they have indicators of how other traders trade at the moment. You can see how they trade on an asset and copy the deal. This does not require any special knowledge or a lot of time. And to contact someone from Olymp Trade, you can email them or write them in the contact form right on the website.
Each trade is decided on the basis of whether the asset’s expiry value is higher or lower than the strike price. Traders are given an option of customizing their trade durations. How to select assets to trade, and switch from one chart type to another.
Olymp introduced its own trading platform and it offers fast orders execution, there are only minor lags sometimes. The only disadvantage I can mention is that you can withdraw your profits only with the same method, you used to make a deposit. Olymp support team explained me that’s cause of security reasons, but sometimes it can be really inconvenient. On the other hand, the minimum deposit is 10 dollars, so you can make this deposit to add payment method to withdrawal options.
Olymp offers decent spreads and commissions policy and it doesn’t swallow all olymp trade scam review of your profits if they happen to occur. Everything works fine in demo, as soon as you go live everything turns to shit. Chart freezes, prices zoom the other way to impossible levels so you can never end in the money. In fact prices just zooms the other way and freezes moments after places the “trade”. I recommend that you start in the Olymp Trade education section in the platform. It is an additional application of Olymp Trade that focus on trading education in general.
From there, you choose the method and submit your request. The maximum withdrawal period is 5 business days but Olymp Trade makes every attempt to process your funds within 24 hours. Even at the longest length of 5 days, this is a respectable withdraw timeframe. The first reason is it lets you test-drive the platform without risking your hard earned capital.