What is Olymp Trade? & How to earn from it?

Olymp Trade, one of the most well-known online trading platforms, allows users to invest little and still earn big. Since 2014, the platform has been providing online trading services to customers. Olymp Trade offers Fixed Time Traders as well as FX, which makes it stand out from other trading assets. They also offer a wide range of assets. Is Olymp Trade safe and legal in India?

Olymp Trade, according to different sources, is technically legal in India. However, it is not monitored or controlled in any way by SEBI and RBI. Indian authorities won’t be able to help traders if they have any problems with the app’s transactions and collections. Olymp Trade is not regulated by Indian authorities. This means that Indian banks cannot deal directly with this platform. Only some international Debit/Credit can be accepted.

We can stress that there are many ways to make money online when it comes to Olymp Trade. Many people believe they have them. There is plenty of information and video online about Olymp Trade. However, the same information about earning in the Martingale system of doubling rates (Martingale), did not help new traders to make profitable trades. Take a look at the main strategies* and the secret to earnings in Olymp Trade.

HOW TO TRADE IN OLYMP TRADE

It is essential to accurately predict the price change of an asset (currency pair forex or cryptocurrency) to make money with Olymp trade, it is necessary to accurately predict whether the price of the chosen asset will rise/fall in the deals you open. This means that the price chart moves up or down.

Fixed Time Trading allows you to make significant profits by simply determining which direction the chart is heading. The price of the chart can change in either a fall or rise, such as the dollar against the rupee, or the bitcoin against the dollar.

FTT traders know in advance what they are taking on and how much they can make. The VIP account has a fixed revenue and risk ratio. It can earn up to 92%.

You should not seek out universal ways to earn quick money. You should only understand that every trading strategy that works is based on exact mathematical calculations. Even with just $10, stable and quick earnings will only bring you strategies that provide at least 70% of profitable trades. You will need to understand the fundamentals of the stock exchange market and who buys and sells financial assets. You can identify the best points to open profitable deals by understanding who wins the exchange battle between buyers and sellers.

You don’t need to be an expert trader to make money with Olymp Trade Nigeria, India, Indonesia, and other countries. All you need is to know the best places to open and close trades.

STRATEGIES OF OLYMP TRADE

There are mainly 3 strategies that are mainly used by the trader in Olymp trade, let’s go and see what they are below:

Moving Average trading strategy:

Choose Moving Average from the available indicators. Color: blue Add another moving average to the chart. Colour: green.
When the fast Moving Average line (green)crosses the slow Moving Average (blue), you should trade “Down”.

RSI strategy

Algorithmic* is the most popular Olymp Trade strategy. It all boils down to the creation of rules that allow for the opening of deals. On these bases, buying and selling are done. The RSI strategy* is the best tactic for a trend reversal.

Trades on OlympTrade are only opened after the reversal indicator 70 or 30 (overbought/oversold) RSI.

It is best to use the M1 /M5 timeframe and open trades for at most 10 minutes. The HFT (high-frequency exchange robots) can cause shorter periods than 60 seconds to be unsuccessfully used. A novice trader cannot predict high-frequency operations, particularly the direction of the trend, within short timeframes (1 to 2 minutes).

It is important to remember that rules are essential for any successful strategy. Without an analysis algorithm, it is difficult to make consistent profits and open deals.

The rules that take into consideration the chosen strategy are what can eliminate psychological effects on traders and enable them to begin earning steadily. Earnings are not complicated. You only need to know the direction and dynamics and how charts can be analyzed over large and medium time frames.

Night strategy

There are algorithmic strategies that are based upon the unique movements of currency quotations over some time. The currency pairs may be found in narrow corridors at night, and they move within its boundaries. It is difficult to earn Forex currency at this time, but it is possible to trade on OlympTrade FTT.

HOW TO EARN FROM OLYMP TRADE?

This trading strategy* that deals up and down is most likely the best and only way for beginners to make money with Olymp Trade. The strategy*’s secret is: After 21:00 GMT on the currency pairs shown in candlestick charts, you need to find a narrow corridor where the price does not move for more than 1.5 hours. Next, you will need to identify the price corridor’s boundaries and denote them with maxima or minima. Next, visualize the configuration of price movement channels: upward or downward (side trend), almost straight. Then, open deals up and down.

WHAT IS OPENING DEALS?

This strategy is possible by using OlympTrade to open a deal. In the case of horizontal channels on the chart, this is a sale from one of the upper borders. A purchase is made from the lower. You can also sell only from the upward channel’s upper border, disregarding purchases from the lower. You can also buy only in the uplink starting at the lower limit. The platform sets the expiration date for five to ten minutes depending on price dynamics. The timeframe on M1 charts is M5.

The amount of each transaction must be set in a way that allows the trader to repeat the same rate for the entire period. There are no secrets to making money with Olymp Trade. This strategy works well when you deposit more than $ 100.

The key thing to remember in the night strategy is that you must deposit the same amount in all deals. It is not possible to double your bet and succumb to the excitement. This is not a fun game. It’s a tedious job. This strategy* can help you earn approximately 10 dollars per hour, with each transaction requiring only 1 dollar.

WHAT IS COMBINED TRADING?

A combined strategy is another option that can be used by beginner traders. A respected reader may also be interested in learning how to make money with Olymp Trade.

Fixed Time Trades are used as a hedging instrument in intraday Forex trades. They aim to eliminate risk when the forecast for trades in foreign exchange markets is not justified. The FTT is opened in an opposite direction to the currency deal.

Fixed Time Trades: The Benefits

  • Minimum deposit of 10 dollars
  • Minimum transaction amount: $1

To make money with OlympTrade use these trading platform’s advantages:

  • “Cancel a losing deal”. This function allows you to protect yourself against bad outcomes. You can cancel a losing transaction if you notice that the chart is moving unfavourably after a transaction has been completed.
  • “Early closing the transaction” Ability to close the deal before expiration. The degree of price change will determine the amount of return. Maximum return can be up to 120% for transactions with cryptocurrency assets and up to 100% for those with digital assets. This means that you can make up to 20% net profit, without having to wait for the deal to end.

CONCLUSION

Olymp Trade offers a free demo account that allows users to test their strategies while they trade in real-time. Olymp Trading allows traders to use a variety of investment methods, which helps them avoid making poor decisions. Later, traders can open real accounts and begin trading with their own money. You can have a try on it. Let us know what more you think about it in the comment section below.

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