How to make money on Olymp Trade
How to trade
In fixed time trades, you can make a significant profit simply by determining the direction of the transaction, it will become cheaper or more expensive, for example, a dollar relative to a rupee or bitcoin against a dollar.
Each trader, opening transactions for a fixed time, knows in advance what he is risking and how much he can earn. Revenues and risks are recorded before the conclusion of the transaction, and the profit ratio can reach 92%* on the VIP account.
Understanding who wins this confrontation between sellers and buyers in exchange trading will allow you to look for good points for opening profitable deals.
In order to constantly make money using 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 for entering and opening deals.
RSI strategy trading
Opening a transaction in the OlympTrade trading platform occurs only after the appearance of the 30 or 70 reversal indicator (overbought / oversold) by the RSI indicator.
Therefore, it is not possible for a novice trader to predict high-frequency operations and especially the direction of the trend on short timeframes (1, 2 minutes).
It is worth remembering that the rules are the main one for earning in every successful strategy, since it is impossible to trade on Olymp Trade and consistently make a profit without the transaction analysis algorithm.
Night Trading Strategy
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.
The benefits of fixed time trades:
Low minimum deposit amount — from 10 dollars.
Low minimum transaction amount — $ 1.
To earn money on OlympTrade, use the following advantages of the trading platform:
You can open a demo (free of charge) and download the OlympTrade mobile app for iOS and Android smartphones by logging in and registering an account on the broker’s official website.
Work with fixed time trades is much easier than with any other exchange tools. No investment instrument, like a single bank deposit, will allow you to achieve such a significant profit in such a short period of time as fixed time trades!
Your income in your hands, start earning.
*If your deal wins, you get a profit of XX% of your investment.
**Using the proposed strategy does not guarantee profit.
Get started with 3 easy steps:
Choose a broker from the list below
General Risk Warning:
Binary options trading carries a high level of risk and can result in the loss of all your funds
Binary and digital options are prohibited in EEA
(*Amount will be credited to account in case of successful investment)
Register a broker account
I personally use six different brokers for trading and would recommend all serious traders to open a few accounts with different brokers in order to build up a good variety of assets.
Start trading with four easy steps:
How to minimize the risks
• Never invest the entirety of your capital at once
• Review the dynamics of your trading asset prior to investing
• Exercise the strategy by investing only 5 to 10 percent of your equity per placement
Reasons for Having a Binary Options Strategy
To be more precise, you need three different types of strategy. Below is an introduction to each.
- Trading Strategies – What They Are and Why You Need One
In other words, a trading strategy ensures your trades are based on clear and logical thinking while also ensuring there is a pattern that can be repeated, analyzed, tweaked, and adjusted.
You simply wouldn’t. The best you can probably hope for is break even, and that is no use to anyone. In reality, you will probably lose money because you have to win more than you lose. Without a trading strategy, that is almost impossible.
- Money Management Strategies – What They Are and Why You Need One
- Analysis and Improvement Strategies – What They Are and Why You Need One
Types of Binary Options Strategy
Binary options strategies are all different, but they have three common elements:
- Creation of a binary option signal and getting an indication of how to trade this signal
- How much you should trade
- Improving your strategy
Step 1 – Creation of Signals
There are two ways that signals are created. The first is to use news events, and the second is to use technical analysis.
Trading based on technical analysis offers an alternative. It is a strategy that seeks to predict the movement of asset prices regardless of what is happening in the wider market.
Essentially, the process involves looking at how the price of a particular asset moved in the past. From this, it is possible to establish patterns that can be used to predict price movements in the future.
Technical analysis does something similar. It looks at the current conditions of an asset and decides, based on past experience, if the price will remain largely unchanged or if it will rise or fall.
Once you get into the technical concepts and terms, it does, of course, get a bit more complicated. However, the overall concept is the same as the day-to-day task of making a prediction on future outcomes based on past events.
To achieve that you need short-term signals and short-term strategies.
Step 2 – How Much You Should Trade
Let’s look at the other two common strategies now, starting with the Martingale money management strategy.
This strategy helps to keep your balance intact so you can realize steady profits over time.
This is a strategy that helps you only invest an amount that you can afford. It is a strategy that lets you increase your profits while also protecting your account balance during difficult periods and losing streaks.
Step 3 – Improving Your Strategy
Basically, it is all about knowing what trades are working and which ones are not. The only way to do that is by keeping a record, so a trading diary is a highly effective tool.
If you don’t keep a trading diary at the moment, start as soon as possible. It will become an indispensable tool.
Trading Strategy Examples
Before going on, it is important to remember that none of them will be effective if you don’t also combine them with a money management and improvement strategy, as explained above.
Trading Strategy Example 1 – Trading the Trends
Trading each swing involves placing more trades. It involves more risk as a result, but there is also the potential for greater rewards. This approach is based on thinking about the highs and lows in either an upward or a downward trend:
Remember the point made at the start of this section though – there is no reason why you can’t combine both so you use both approaches at the same time. They are not mutually exclusive.
Again, you can use a combination of both to diversify your risk while increasing your chance of making higher profits.
Trading Strategy Example 2 – Trading Based on News Events
You can adopt specific strategies and approaches to help increase your chances for success. Here are three you can work into your overall binary options strategy:
Trading Strategy Example 3 – Using Candlestick Formations
For new traders, this might be the most difficult of the strategies to explain, but it is the easiest to implement and make money from once you understand it.
Using candlesticks as a trading strategy involves recognizing various candlestick formations that you can use to predict an asset’s price movement.
So, what can you learn about an asset when you spot a gap in a candlestick, and how can you use this information to make a prediction?
A candlestick formation with a gap is just one of many. However, knowing and having confidence in several will greatly improve your binary options strategy.
Developing a Binary Options Strategy Without Risking Money
As explained in detail throughout this article, a binary options strategy is essential if you want to trade profitably. It gives structure to your trading, removes emotion-led decision making, and lets you analyze and improve.
1. Trend Strategy
If the trend line shows that the asset is going to rise, choose CALL.
If the trend line shows a decline in the price of the asset, choose PUT.
2. Pinocchio strategy
3. Straddle Strategy
4. Risk Reversal Strategy
5. Hedging Strategy
6. Fundamental Analysis
The best way to practice is to open a free demo account from one of the brokers.
Flexible investments on OlympTrade
Certainly, minimum trade amount on OlympTrade broker is $0.01 and minimum amount of deposit is $10. What is more, as a trader you may put 1 minute duration of a trade and open / close deals at any time you want.
Can Anyone Be A Professional At Binary Options Trading?
Binary Option is simpler and far less complex compared to other forms of trading. It is easy to understand as well as beginner-friendly. But, does that mean it is easy to score profits when trading binary options?
Let’s take a look at statistics and probability.
In a study conducted by FinanceMagnates , they covered on Japanese binary trading industry. The average payout ratio was found to be at 95.69%. On an average 74.1% of traders ended up facing losses trades.
Roughly 1 in every 4 traders ends up making money trading binary options. By now you have realized even if they are simple to trade, it doesn’t mean everyone’s making off it.
- What’s the difference then?
- Why are some traders expert while the majority keep losing money, and blame their broker?
- Are they missing out on some secret information?
Sorry to burst your bubble, but there is no secret mantra or formula that will make you rich overnight. There are, however, a few tricks and tips that you can apply in your trading. It will help you stay ahead of the curve.
Via this article, we will share with you the 7 best tricks to become a professional Binary Options trader. We will suggest you read till the last to find out what these tricks are.
Why Should I Trade Fixed Time Trades?
The simplicity of fixed time trading reduces the risk management worry of traders. The concern of margin call will also disappear as the transaction of fixed time trades is without leverage or margin.