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Olymp Trade : Hello… Folks in this article I am going to discuss one of the most popular and Trending Trading Platforms Olymp Trade, Olymp Trade India & more.
If you are confused about whether to invest in Olymp trade or not then this article is surely for you…
So, keep reading ahead Olymp Trade Review | India | Wiki | Winning Strategy | Withdrawal | Education | Indonesia | Forex
Olymp Trade Wiki
What is Olymp Trade?
One of the most common question that I have been asked is What is Olymp Trade or Olymp Trade Kya hai.
If you are an Internet user you must have seen an Olymp Trade app advertisement at least once.
Now, Talking about Olymp Trade it is a multi-asset trading Platform owned by Inlustris ltd.
It is a Digital Trading Platform, where we can BUY or SELL commodities, Currencies & more.
However, Olymptrade is popular for Fixed Time Trade. It provides one of the simplest trading platforms.
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 Work?
Suggested: Olymptrade Coupon Code | Promo Code | Bonus
How to Trade on Olymp Trade?
I know most of you are a beginner in the field of binary trading, therefore, the company offers two types of account
- Demo Account: If you are a beginner it is necessary, to begin with, a demo account and then proceed with a real money account.
Suggested: Olymptrade Coupon Code | Promo Code | Bonus
After, you are experienced with 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 the 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 Standard account.
However, It must be noted that in order to start investing Standard account you need to make an initial deposit of $10 but you can trade in as much as low as $1.
OPEN YOUR FREE ACCOUNT
Olymp Trade Review
I have told you a lot about Olymp Trade by now we have discussed Olymp Trade Wiki, how it works & more
Now the question arises is it actually worth or it’s just another scam?
Okay… So, First of all, Open Your Demo Account right now please don’t think so much it’s absolutely Free to open.
Olymp Trade Login Account
Once you click the above button you will land to the Homepage of Olymptrade (See Below).
Now, Enter your Details like Email address, Password, and the currency you want to trade on.
You directly sign up here try…
You can either Trade with USD (US Dollar) or EUR (Euros) and click on Checkbox and finally click Register.
That’s it it’s that easy and you now are done with the basic setup.
Once you’re done with basic sign up process you’ll land to the Olymptrade dashboard (see below).
As you can see from the image above this is the demo account and $10,000 will be provided by the company to learn the trading the amount is more than enough.
Firstly, select your payment method (see below) you can make your deposit by visa, skrill & more.
Now simply enter your amount. It is to be noted that the minimum amount of $30 is required to get the Bonus and then click deposit. That’s it…!!
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 above.
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 password that’s it!!! we are done. now follow my instructions given above.
Olymp Trade 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.
Now, I know there are numerous amount of questions that are currently in your mind like
Is Olymp Legit?, Is it Safe & all which I’ll cover in FAQ Section below so keep reading ahead.
Olymp Trade Review – Is Olymp Trade genuine?
Well, by now I have told you a lot about Olymptrade but now the real question arises Is Olymp trade really Good?
I am personally using Olymptrade now, for like 1 year now and I must say I am truly impressed with their services.
The Best thing I like about them is the payment process you can withdraw an unlimited amount at any time without any hassle.
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.
Another best way by which I can say Olymp Trade is one of the best Traders is that The Broker is approved by FINCOM.
- 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 the trading.
- 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.
Olymp Trade 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.
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,
Now, To Trade on Forex what I want you to do is follow instructions below.
Firstly, click on go Forex.
Once, you click you will land to the Olymp Trade Forex Dashboard (See Below).
So, now it’s time to place the trade see the image above. I have provided exact steps for placing the trade on Olymp Trade.
Olymp Trade Bonus
Talking about the bonus if you’re joining today and you’re damn serious regarding investment in Olymp Trade then you can make a deposit of minimum $100 in return you’ll get $200 as a bonus.
Great isn’t it?
Olymp Trade Strategy: How to Win in Olymp Trade?
Olymp Trade Winning Strategy
Okay, In this Section I will Tell you about my Olymp Trade Winning Strategy.
I Bet no one will ever tell you This 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.
First of all, I assume you know the proper basics of candlesticks If you don’t trust me no one in this world can help you actually.
I Personally use two indicators i.e
- 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?
It’s that simple if the yellow line (200 EMA) crosses and is above the blue line (100 EMA) then the market is in an upward trend so go for BUY TRADE & vice versa.
However, Also do consider RSI before placing a trade.
What is RSI in Trading?
RSI is my favourite Indicator and it is the most simple & most accurate indicator in my experience.
How to use it?
Go to Indicator and click on RSI and keep it to 14 only.
You will see something like this..
Well, let me tell you some basics of RSI first please do note it down.
Overbought: 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: If the line crosses 30 then the market is in an oversold situation.
Similarly, 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 golden rule of RSI.
If the line comes Overbought level and crosses 50 then most probably it indicates Downtrend so we should place SELL TRADE there.
If the line comes oversold level and crosses 50 then most probably it indicates Uptrend so we should place BUY TRADE there.
As I said it helps to predict you can’t Blindly trust this
Sees my stats below after using this trick Please do start with small trades like $1 to try this and keep practising it.
Last but not least is Stochastic if you know how to use Stochastic & RSI together Trust me!!! you will minimize the loss to almost zero.
So, you must be excited to know how to use it.. well, it’s damn simple.
- If Green Line is above or is in a rising position go for BUY Trade
- If Red Line is more clear & is in a falling position go for SELL Trade as simple as that.
To Gain more success look both at RSI & Stochastic if both agree on Bullish pattern go for BUY Trade & vice versa.
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.
To be Honest, Each time frameworks works the same.
It doesn’t matter whether you are using 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 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 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.
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 Binary Options Market. BEST OF LUCK!!!
So, this is the end of this article I hope you have understood the concept of Binary Trading and Olymp Trade.
Talking about if it is legit yes…it’s 100% Legit and you can start investing in it.
I hope this article was helpful to you & you must have understood the concept of Olymp Trade Review, Olymp Trade India, Olymp Trade Wiki, Olymp Trade Winning Strategy, Olymp Trade Withdrawal, Olymp Trade Education, Olymp Trade Indonesia, Olymp Trade Forex.
Before you close the button please do read the FAQ to clear your doubt
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, How to withdraw money from Olymp Trade in India ?, Is Olymp Trade Legal in India?, How to Deposit Money in Olymp Trade from India?
If you have any question please feel free to ask at Subhamsahuwala3@gmail.com or comment below.