Wednesday, 14 August 2019

How to Trade and Make Money with Olymp Trade

The gist of trading options is to forecast price changes for a certain asset (a currency pair or a commodity). You do not need to know the exact price in order to profit, you just need to forecast the rise or the fall of the price, i.e. whether the chart will move up or down.
Options help you make profit by simply deciding whether the euro will be cheaper or more expensive against the dollar.
Trading terms
Every option trader knows all the risks and possible income in advance. Profits and losses are taken before the trade opening! Income may reach 100% of the trade amount!
And options are simple and accessible. A trader does not need to make large investments to trade with them. The minimum trade amount is $1 on OLYMPTRADE, and the minimum deposit amount - $10.
                      How it works

There are two types of options on their platform: classic and time.
Classic options are known as UP-DOWN trades; when trading them you should choose not only the trade amount, but also the period for which a trade will be opened.
Time options are an up-to-date and convenient way to trade on an active market. To open a trade, choose the option expiration time, i.e., the time of trade execution. If you forecast the correct direction, your profit will be up to 100% of the invested amount.
Multi-trading is done using time-options: no matter how many trades are opened (by the specified expiration time), all of them will close simultaneously.
Note: if the candlestick time frame is less than or equal to the trade expiration time, the trade will be closed at the specified time at 00 seconds, when a new candle starts to form.
How do I trade?
You decide the asset
At Olymp Trade you can trade currency pairs, commodities, stocks of major global companies, and the key exchange indexes in Europe, Asia, and the United States.
You decide the trade amount
Your income will vary depending on the size of your trade. Profit on a trade can be as high as 100%.
Set the time for which your forecast proved correct
Up to 5 strike prices are available for you to choose from in trades lasting from 1 to 5 minutes.
Select the strike price
When the trade expires, the asset price is compared to the strike price. An up trade earns profit if the asset chart is above your strike price when the trade expires. A down trade earns profit if the asset chart is below your strike price when the trade expires.
The rate of return on the strike price for up and down trades may differ.
The asset price goes up or down.
Early closing of a trade
You can use the Sell function, a special tool on the Olymp Trade trading platform, to close a trade and get a refund before expiration. The refund depends on the change in asset price. Sell is available in the Trades menu under the asset chart. This function is also available in the mobile version.
Trading options is much easier and more convenient than trading any other financial instruments
None of the investment tools such as well as bank deposits, will allow you to make such a large income in a short time.
Trading options does not require an in-depth knowledge of the market or the study of complex trading terminals. You do not need to download any additional software. and all you need to trade profitably is sufficient basic knowledge about the market and access to economic news.

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