How to make money on Olymp Trade - how to trade, strategies
Updated February 4, 2024
Learn how to make money online at Olymp Trade. How to trade in Olymp Trade. Let's consider the most effective strategies: moving averages, RSI, night strategy, opening deals, combined trading and note what you need to pay attention to in order to start making money at Olymp Trade.
When considering how to make money on the Olymp Trade, we can emphasize that there are many secrets to making money online. And even many newcomers believe that they supposedly possess them. As a result, there is a lot of information and video on the internet about how to make money at Olymp Trade. But the same type of information about earnings in the system of doubling rates (Martingale) did not teach newcomers to successful and profitable trading. Consider further the main strategies* and fundamental secret of earnings in Olymp Trade.
How to start Olymp Trade? How to trade? In order to start trading on Olymp Trade platform and make money from your currency forecasts, you must register an account and open demo. $10,000 risk-free demo trading can only be used for training purposes only and does not generate income. Fund your balance and trade on a real account to earn more on correct predictions. Minimum deal is $1.
Official site «OLYMP TRADE» - Go to site.
How to make money on Olymp Trade - secrets and trading strategies
1. Step 1 - Register an Olymp Trade account. + Get free $10,000 on demo account. + Get up to 50% Bonus.
2. Step 2 - Download mobile app on your phone or trade in your web browser.
3. Step 3 - Fund your account.
4. Step 4 - Opening deals is simple and efficient.
5. Step 5 - Withdraw to Visa / Mastercard.
To successfully learn how to make money online in Fixed Time Trades (FTT), Quickler and Forex first of all you need to start by opening demo account for training. Trading without risk on demo (read detailed instructions on how to open) will give the beginner valuable experience in trading financial and exchange-traded assets in real market conditions. You will get the opportunity to test and choose a strategy [1] for making money on financial markets (free and without replenishing your account).
How to trade in Olymp Trade
Essence of the work is to predict changes in price of a particular asset (currency pair forex, stocks, or commodity). And in order to make money on Olymp Trade, you need to correctly predict whether the price of selected asset will rise or fall in the deals that you open, that is, price chart goes up or down.
In Fixed Time Trades, you can make a significant profit by simply determining the direction of chart, price will fall or rise in price, for example, dollar against rupee or bitcoin against dollar.
Each trader, opening FTT, knows in advance what he risks and how much he can earn. Revenues and risks are fixed in advance, and profit ratio on VIP account can be up to 92% [2].
Considering further how to make money on Olymp Trade, you should not look for secrets and universal methods of obtaining quick income. It is only necessary to understand that every successful trading strategy is always based on an exact mathematical calculation. Stable and fast earnings, even with $10, will bring only strategy that provides at least 70% of profitable trades. And, of course, for this you need to learn how to properly understand the basics of market trend on stock exchange and understand who buys a financial asset and who sells. Understanding who wins this confrontation between sellers and buyers in exchange will lets you look for good points for opening profitable deals.
To make money with Olymp Trade in Nigeria, India, Indonesia and other countries, you do not need to be an experienced trader, you need to find the best points to enter and open trades.
Moving Average trading strategy
Select Moving Average from list of available indicators. Color: blue
Add another moving average on the chart. Color: green.
You should trade "Down" when the quick Moving Average line (green) crosses the slow Moving Average line (blue) from UP to DOWN *.
RSI strategy
Most common Olymp Trade strategy is algorithmic*. It all comes down to the formation of certain rules for opening deals and on their basis, buying and selling is carried out. And the most competent tactic is RSI strategy* for a trend reversal.
We open trades on OlympTrade only after the appearance of reversal indicator 30 or 70 (overbought / oversold) RSI.
It is better to use the timeframe (time period on the chart) M1 / M5 and open trades for at least 10 minutes. Shorter periods of 60 seconds, widely advertised, cannot be successfully used, because they are the result of activities of HFT (high-frequency) exchange robots. Therefore, it is not possible for a novice trader to predict high-frequency operations and especially the direction of trend on short timeframes (1, 2 minutes).
It is worth remembering that the rules are basis for making money in every successful strategy, since without an analysis algorithm it is impossible to open deals and consistently make a profit.
It is the rules, taking into account the chosen strategy, that are able to eliminate the psychological impact on trader and allow them to start earning stably. And there are no secrets in earnings: you only need to understand the direction and dynamics of trend of selected asset, and correctly analyze charts on large and medium timeframes.
Night strategy
Among algorithmic strategies, there are those that are based on the peculiarities of the movement of currency quotations in a certain period. For example, currency pairs are in a narrow corridor at night and move between its borders. Due to the large spread on Forex at this time it is impossible to earn, but in trading on OlympTrade platform FTT it is available.
Probably the best strategy in Olymp Trade
How to make money on Olymp TradeLearn how to make money from Olymp Trade
Probably, this trading strategy* with deals up and down best strategy* and is the only opportunity for beginners to make money on Olymp Trade. Secret of the strategy* is as follows: after 21:00 GMT on above currency pairs, presented in the form of candlestick charts, you should find a narrow corridor in which price moves for more than 1.5 hours. Then it is necessary to determine the boundaries of price corridor, denoting them by maxima and minima. Next step is the visual determination of configuration of price movement channel: almost straight (side trend), upward or downward. And then open deals up or down.
Opening deals
Consider how to open an deal in OlympTrade for this strategy. This is a sale from the upper borders and a purchase from the lower ones in the case of a horizontal channel on the chart. Second option is to sell only from the upper border of the downward channel, ignoring purchases from the lower. The third option is only to buy in the uplink from the lower limit. Expiration date is set in the platform for 5 or 10 minutes, depending on price dynamics, timeframe on M1 chart is M5.
It is important that the amount of transaction is set so that the trader has the opportunity to repeatedly repeat the rate of the same amount for entire period. In the question of how to make money on Olymp Trade, there are no secrets, as this strategy is simple and quite effective when making a deposit over $ 100.
Main thing in the night strategy is fixed amount of deposit in all opened deals. You can not double the bet amount and give in to excitement. This is not a game, but rather a painstaking work. Using this strategy*, in 3 hours you can try to earn about 10 dollars, each time risking only 1 dollar.
Combined trading
There is also a combined strategy, in which for beginner traders a huge amount of uncertainties. And if a respected reader wonders about how to make money on Olymp Trade, then he can learn something useful.
This strategy* consists in the use of Fixed Time Trades as a hedging instrument for intraday trades made on Forex. Their goal is to eliminate the risk if the forecast for trades in foreign exchange market is not justified. Fixed Time Trades is opened in the opposite direction of currency deal.
Benefits of Fixed Time Trades:
✅ Low minimum deposit amount - from 10 USD, 10 EUR, 700 INR.
✅ Low minimum transaction amount - $1.
To earn money on OlympTrade, use the following advantages of the trading platform:
✅ "Cancel a losing deal". This function provides the ability to insure yourself against an undesirable outcome deal. If you notice that after the conclusion of a transaction, chart has started moving (rising or decreasing) in an unfavorable direction for you, you can easily cancel the losing deal.
✅ "Early closing of the transaction". Ability to close deal before expiration. Amount of the return will depend on the degree of change in the price of asset. Maximum amount of return is up to 120% of the transaction, for digital currency assets up to 100%. Due to this, you can get up to 20% of net profit without waiting for the end of deal.
Trader review
O.R., Indonesia.
Finally, I found a convenient company! I truly love the feature of fast withdrawal. Nothing compares to money coming to your card! I rely on my own strategy and feel calm about it. I can earn my month salary just opening 5-6 successful trades. I was trading on forex previously, but when I tried fixed time trades, as this instrument is much more convenient and less time-consuming. I recommend it to all forex-traders, if they are tired from long-term trading.
Summary
Perhaps the information in this review will help you better understand how to make money online at Olymp Trade. All profitable trading strategies have been developed, tested and successfully used by traders for a long time, since the financial and stock markets have been around for many years.
Work with fixed time trades is much easier than with any other exchange tools. No other investment vehicle will lets you make such a significant profit in such a short period as FTT!
Your income in your hands, start earning.
1. * Profitability when using these strategies and signals is not guaranteed, you assume all responsibility for making a decision on opening / closing deals.
2. If your deal wins, you get a profit of 92% of your investment.
Risk disclaimer: Derivatives trading provides a high level of return on investment, but is also associated with the possibility of losing your investment. Before starting trading, it is recommended that you familiarize yourself with the trading conditions presented on the olymptrade website.
Tags: make money olymp trade, strategies olymp trade, how to trade olymptrade
See also about Olymp Trade:
Broker review
Open account
Olymp Trade Login website
Olymp Trade bonus
