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Well, today In this article, I am going to talk about one of my most favourite Olymp Trade winning strategy 2021.
What is Olymp Trade?
If you are a social media user I bet you must have seen an Olymp Trade app advertisement at least once.
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It is a Digital Trading Platform owned by Inlustris ltd, where we can both BUY or SELL commodities, Currencies & more.
However, Olymptrade is most popular for Fixed Time Trade.
In case you don’t know what actually is Fixed Time Trade
It is the Financial exotic option in which the later payoff is either fixed or nothing at all.
There two types of binary options
1.cash or nothing
2. asset or nothing
Now, The former pay the fixed amount of money if the option expires in the money while the latter pays the value of underlying security.
They are also called all or nothing options, digital options, fixed return options on American Stock Exchange.
If you didn’t understand the above concept yet don’t get demotivated you’ll understand further easily.
How does Olymp Trade Works?
Suggested: Olymptrade Coupon Code | Promo Code | Bonus
How to Trade on Olymp Trade?
Now, coming to How to Trade on Olymp Trade or How to Play Olymp Trade?
I know most of you are a beginner in the field of fixed time trading , therefore, the company offers two types of accounts
- Demo Account: If you are a beginner it is necessary, to begin with, a demo account and then proceed with a real money account.
After, you are experienced with the necessary trading skills you can proceed to the real money account.
In order to open your demo account you need to follow the following steps:
- Visit their official site
- Click open a new account
- Sign in as a member and confirm with your email address.
- Confirm the terms & conditions and choose the demo account option.
Once you are done with the basic practices in the demo account you can open and start investing your money in real account.
However, It must be noted that in order to start investing in real account you need to make an initial deposit of $10 but you can trade-in for as much as low as $1.
Olymp Trade best Strategy 2021: How to Win in Olymp Trade?
Olymp Trade Winning Strategy
Okay, In this Section I will Tell you about my Olymp Trade best Strategy 2021
I Bet no one will ever tell you These easy Olymp Trade Tricks …
Note: This Strategy gave me results it might work for you & may not I’m not responsible for your loss if any.
I Personally use three indicators i.e
- EMA or Support & Resistance
- Stochastic that’s it 🙂
First of all Click on EMA Twice and set one as 200 & other as 100 and choose a different colour for more clarity (See Image below).
How to use it?
Using Ema is very easy. If the yellow line (200 EMA) crosses the blue line (100 EMA) and is above the blue line (100 EMA) then the market is in an upward trend so here, we should go for buy trade.
Similarly, If the yellow line (200 EMA) crosses the blue line (100 EMA) and is below the blue line (100 EMA) then the market is in a downtrend trend so here, we should go for sell trade.
However, Also do consider RSI before placing a trade.
What is RSI?
The RSI ( Relative Strenght Index) is one of the most powerful indicators used to find possible uptrends or downtrends via overbought or oversold levels.
How to use it?
Firstly, click on the indicator button.
Secondly, select RSI from the given menu.
Now, let me tell you some basics of RSI first please do note it down.
Overbought level: If that line crosses 70 then the market is at the overbought situation.
This level usually indicates the best price level has already reached and indicates the end of the UP trend
Characteristics of Overbought:
At overbought level
- Buyers get excited
- Demand is most probably going to decrease
- Price may decrease
At the overbought level, we should always place SELL TRADE as it indicates Down Trend.
Oversold Level: Similarly, If the line crosses 30 then the market is at the oversold situation.
Oversold usually indicates the end of Downtrend & start of uptrend so we should place BUY TRADE there.
Characteristics of Oversold:
At Oversold level
- Sellers get excited
- Demand may increase
- Price may Increase
At the oversold level, we should always place BUY TRADE as it indicates Up Trend.
Now, you must be asking what about that 50 right?
Well, 50 is most important actually as per the golden rule of RSI.
If the line comes from the overbought level and crosses 50 then most probably it indicates Downtrend so we should place a SELL TRADE here.
Similarly, If the line comes from the oversold level and crosses 50 then most probably it indicates an Uptrend so we should place a BUY TRADE here.
Last but not least is the Stochastic indicator if you know how to use Stochastic & RSI together Trust me!!! you will minimize the loss to almost zero.
- If the Line is in oversold level and the green is above or is in a rising position go for BUY Trade
- Similarly, If the Line is in oversold level and the green is above or is in a rising position go for a buy trade.
- If the Line is in overbought level and the red is above or is in a falling position go for a sell trade.
To Gain more success look both at RSI & Stochastic if both agree on the Bullish pattern go for buy Trade.
Similarly, if both agree RSI and Stochastic agree on the Bearish pattern go for Sell Trade.
Which is the best time frame to trade on Olymp trade?
This is one of the most common questions that I have always been asked that What is the Best Time to Trade in Olymp Trade in India?
To be Honest, Each time frameworks work the same.
It doesn’t matter whether you are using a 5min, 10 min, or 1 hrs Time Frame.
What does matter is which type of player are you?
1. High Time Frame
Suppose, you have patience and you don’t want to take too many risks then I will surely advise you to go with 1 hr or 30 min Time Frame.
As you can see above in 30 min Time Frame, There is only one oversold Level & one overbought level.
My point here is that. In a Longer Time frame, you will see fewer movements so you will earn a low profit by taking a low amount of risk.
I can also say here Higher Time Frame = Low Risk + Low Profit.
2. Short Time Frame
Similarly, If you want quick money and you can bear risks then just go with 5 min, 10 min & more.
As you can see above in the 5 min Chart, There are 2 overbought levels but 5 oversold levels.
In a shorter time frame, you will see more & more movements but they are damn risky as it can soon turn against you.
So, In Shorter Money Management should strictly be followed. else you can see your account amount will vanish soon.
Similarly, I can also say here Lower Time Frame = High Risk + High Profit
I hope you got at least some basic idea about Olymp Trade Time Frame & What is the Best Time to Trade in Olymp Trade in India?
The final point I want to make is The shorter frame you use the more movements you will see & more riskier it is.
I will also advise you to use Money Management else it will be very difficult for you to survive in Forex or Fixed time trading Market. BEST OF LUCK!!!
FAQ: Given below is a list of most asked questions.
Question 1. Olymp Trade Review: Is Olymp Trade Legit?
Answer: Is Olymp Trade Legit? or Is Olymp trade really Good? this is one of the most common questions that I have been asked.
Well, I am personally using Olymptrade now, for like 1 year now and I must say I am truly impressed with their services.
However, The Best way I can say that Olymptrade is a Legit platform is by looking at google play ratings.
As you can see above the company has received a crazy 3.9 rating which actually is good and as I said I am personally using Olymptrade for like 1 year and I haven’t faced any trouble till now.
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Another best way via which I can say Is Olymp Trade Legit? or not is that the Olymp Trade is approved by FINCOM.
Fincom ensures that traders are trading in a safe environment.
- Simplest and cheapest way of trading
- The demo account is provided to become the pro player
- The deposit and withdrawal process with Olymp trade is damn easy
- They offer numerous tools, guides, webinars to teach newbie regarding trading.
- The payment procedure is fast and quick.
- Tax-Free withdrawal
- It is to be noted that trading in any field binary, crypto anywhere is a bit riskier. But once you pro you can control the risk.
2. Olymp Trade Education: Does Olymp Trade offer education?
Now, before you go and waste your demo account money I strongly recommend you to go for trading education first (click on the three lines on the left-hand side).
As you land on Education Page you’ll see the bunch of classes & courses and that is what I want you to complete before you start trading.
3. Is Olymp Trade a Scam?
This is one of the most common questions. that I have been asked whether Is Olymp Trade Scam or not?
To be Honest, As I said earlier I am personally using Olymp Trade for like 2 Years now.
I can say this for sure. Olymp Trade is not a Scam.
Olymp Trade is one of the renowned Broker for a reason and millions of investors are earning via the broker.
Given below is my income proof.
Question 4. Can we sign up in Olymp Trade India?
You directly sign up here try now…
This is one of the most common questions I have always been asked.
So, If you are from India and if you are wondering whether you can invest from Olymp Trade or not?
Well, my answer to your Question is a BIGGG YESSSS!!!!!!!
I am also from India and If I can Trade so can you.
So, quickly go and open your Free Demo Account Click Here to Open and follow my steps given in How to Trade on Olymp Trade or How to Play Olymp Trade?
Question 5. Can we sign up in Olymp Trade Indonesia?
I am also getting loads of queries from Indonesian Viewers regarding Whether they can open a FREE account from Indonesia or not.
Well, My answer to your question is a BIG YESSSSS!!!
You directly sign up here try now…
So, Click Here to OPEN YOUR ACCOUNT.
Secondly, Just your valid Email address & set a password that’s it!!! we are done. now follow my instructions given above.
The process is similar as I have said in How to Trade on Olymp Trade or How to Play Olymp Trade?
Question 6: How to get started with Olymp Trade Forex?
If you want to become a Forex Trader.
You can definitely trade on Olymp Trade.
Sign Up process is the same as stated above.
In case you don’t know, What actually is Forex?
According to Wikipedia, Foreign Exchange Market or Forex is global decentralized or over the counter (OTC) market for the trading of currencies, commodities & more.
This market determines the forex exchange rates for currencies, commodities & more.
It includes all the aspects of Buying, Selling, exchanging currencies, commodities at the current price or determined price.
You will be amazed to know the Forex is the largest market followed by the Credit market in terms of the trading volume.
The major participants in Forex are Larger International Banks,
Once you have signed up you will land on the Olymp Trade dashboard.
Now, select the asset.
Now, select Forex and you will be redirected to the Forex market.
Question 7: How reliable is EMA?
Answer: Ema is very reliable However, as I said use Support & resistance to confirm your order.
I hope this article was helpful to you & you must have understood the concept of Olymp Trade India, Olymp Trade Review, Olymp Trade Wiki, Olymp Trade Strategy, Olymp Trade Pros, Olymp Trade Cons,
If you have any questions please feel free to ask at Honestdigitalreview@gmail.com or comment below.