How to register and start trading with Olymp Trade
Binary option trading is sometimes called Fixed Time Trading, you have only two options to choose namely
- CALL :That the assets price will go up or increase in a certain time frame e.g. ( 5 mins, 10mins, 30 mins, 1 hour, 2, 5 hours, 12 , 24 hours, 1 day, 10 days, 15 days, 30 days).
- PUT : That the assets price will drop or go down in value in a given time period e.g. ( 5 mins, 10mins, 30 mins, 1 hour, 2, 5 hours, 12 , 24 hours, 1 day, 10 days, 15 days, 30 days).
Many beginners say they understand the rules of trading but they can’t apply knowledge into practice. Put simply they never opened their first deal.
And, of course, their main question: where to start?
Knowing how to trade is good, but developing a trading strategy is better, mastering your strategy is best. We review olymp trade
Register with a broker
First of all, you need to choose the broker you are going to trade with. First of all beginners should pay attention to the visibility of the trading platform, because it will be your main field of activity. You can find out whether this or that web terminal is suitable for you only after registration. When creating an account on the broker’s website, make sure that it is convenient for you to use the site, everything is clear, and registration does not require a large amount of time or download a package of documents. It is extremely inconvenient for beginners, who after long manipulations may lose the desire to make their first deal. One of the most striking examples of instant registration (even without e-mail confirmation) is the company OLYMP TRADE. Here you can open both a demo and a real account in one minute.
Select the account
Talking of accounts. You should open the first deal on a training demo account. This is a training account, which has virtual 10,000 conventional units. Here you can safely open transactions. A real Fixed Time Trading account is a testing ground for making real money. Here you will not be able to open the first trade at once, because you initially do not have a Deposit in your account. To buy a real Fixed Time Trading, you need to top up your account using one of the convenient ways: Bank card Visa or MasterCard or one of the payment systems. The minimum amount is $ 10.
The first demo deal
As we have already noted, the very first Fixed Time Trading is better to buy it on the demo. Moreover, if you do not understand trading yet, just click on one of the two buttons: “UP” or “DOWN”, and see what will happen. You will see your balance reduce. Don’t be afraid. First check the window “transaction amount”. What number is there? That’s how much your initial amount has decreased. Now watch what happens on the graph. If you click “DOWN”, you will see a line with a red arrow pointing down. The line marks the level at which the price was at the moment when you bought the Fixed Time Trading. Arrow informs that after the specified time the price will below this level.
Talking of time! The period that you will have to wait for the result is pointed in the “transaction Time” window. You set time as well as the amount that you would like to invest in a Fixed Time Trading.
The blue field on the graph and the blue line below it shows us the way the option time flows. Well, time is up-congratulations!Your first deal is over! If the amount you missed returned back to the account plus 80% then you made the right decision by clicking on the “DOWN”.If it did not happen and your balance did not return to its original size — then your forecast did not come true, and the schedule at the moment of closing the transaction was above the desired level. In this case, as you have already understood, you have lost only the amount that was invested in a Fixed Time Trading – no more no less. Make several deals until you fully understand the whole principle of Fixed Time Trading.
The first real deal.
When you get used to the platform, connect at least minimal analytics to trading — for example, a trading signal widget or an economic calendar. Owing to these services, you will increase the probability of a successful outcome in your trading and transactions.
“Guessing” is not the best strategy for the first trade on a real account.When you deposit funds and are ready to trade with real money – don’t worry. Invest the minimum amount ($1)in your first trade on a real account set the optimal time of the transaction- 5 minutes and decide on the price movement direction.
It is better to use one of the analytical services, then choose your option either CALL ( Raise in price of asset) or PUT ( Depreciate in price of asset) within as given or specified time frame. Now press the selected button.
Even if the first deal is unsuccessful, it is still a great victory!Congratulations!
Now you are a trader and you are ready to study Fixed Time Trading further.Until you are self-confidence, make small bets. Let it be dollar by dollar, but this way you will get rid of the fear of “losing everything”.As a time interval, it is better not to choose a period less than 5 minutes: so the probability that you are not mistaken with the direction of the price movement is much higher.
Olymp Trade Review – DISCLOSURE
To be a trader is a hard work that generates high profits with the correct approach. A proper learning, skill, analytical abilities, understanding the principles of trade, and of course, a reliable broker are very important things for trader. Finding a reliable platform for trading in the financial markets is not so easy, but it is possible. One of these trading platforms is Olymp Trade.
About the Olymp Trade company
First, the Olymp Trade Company appeared in the options market in 2014. A few years later, the name of the trading platform became popular among experienced traders. Traders share experience at specialized forums leaving comments containing useful information about the Olymp Trade system. The number of clients of the company began to grow rapidly. According to the latest data, the number of traders registered on the platform exceeded 65 000 000.
The number of traders is constantly increasing. Every day the platform is used for trading by more than 25 000 people. These are both professional traders who have been trading in the foreign exchange market for years, and beginners who only learn the basics of this type of income earning strategy online.
Anyone can be a client of Olymp Trade: an entrepreneur or an employee, a student or a pensioner, a factory worker or an office clerk.
The main things are quality training and applying skills with maximum efficiency. Market trading professionals are happy to share their discoveries and achievements with beginners on the forums, as well as leave feedback about the work on the platform. Reviews about Olymp Trade will help the beginner to understand what direction he should move on, what tools to use and to learn how to minimize risks, but benefit from each transaction.
If you look at the statistics you can see the volume of payments is continuously increasing along with the growth of customers. On average, the monthly increase is about 7%. The number of transactions for the month approached 36 476 772, with a turnover of over $171 236 104. It is worth noting that the system is much improved that payments are made as soon as possible. A trader can request a withdrawal of earned funds at any time: day or night, weekdays, weekends or holidays. The application will be processed quickly, regardless of the time and day of submission.
Since the founding of the Olymp Trade to this day, it has been successfully developing, offering traders only high-quality products. The motto and the main goal of the company’s specialists are to improve the old and create something fundamentally new, useful and relevant. The Olymp Trade trading platform is maximally adapted to the requirements of the modern trader. Both professional and beginner can use the platform for productive work.
Various indicators of technical analysis are available to the user, allowing the trader to make an accurate forecast regarding the further movement of the price. In addition, according to the program Olymp Trade, the company’s specialists conduct regular webinars, streams, live chats. Professional trading training is available to clients. A beginner can try his hand at a virtual account. When skills are honed he will be able to start real trading by opening his own account.
Olymp Trade: security guarantees
The Olymp Trade Company managed to win the trust of traders over the years of successful work. Today, Olymp Trade is an online investment platform of “A” category of the International Financial Commission. It should be noted that membership in the Financial Commission testifies to the reliability of the trading platform. Only honest companies that have passed inspection and have a clean reputation will be able to qualify for such a rating and status. Another guarantee of reliability is that each transaction’ s amount of insurance is $ 20,000.
Also, the honesty of the company’s work is evidenced by numerous Olymp Trade reviews left by customers who have previously registered and started trading in the foreign exchange market.
All these people are players who make transactions in real time and make a profit, with their successful closing. They chose trading as the main or additional source of income, registered in the system, opened an account, started working and now share their impressions of using a particular product.
Over the years of productive work the company were given awards:
- “The fastest growing platform” (ShowFx World 2016)
- “Best Options Broker” (KROUFR Awards 2016)
- “Best Options Trading Platform” (Le Fonti 2016)
- “Best Financial Broker” (CPA Life Awards 2017)
- “Best Options Broker” (Forex Expo 2017)
- “Innovative broker” (IAFT Awards 2017)
- “Best Options Trading Platform” (Le Fonti 2018)
- “Best Trading Platform 2018” (The Forex Awards)
- “Best traders FB community in Thailand” (Traiders Fair 2018)
The company is constantly developing, improving the quality of the system and providing customers with comfortable conditions for a stable income.
Work on the Olymp Trade platform: modern service and rich functionality
The platform for the Olymp Trade operation is developed by experienced professionals, carefully thought out and improved. The decision to create own platform with the same name was made in order to timely respond to new situations in the stock market and provide traders with the opportunity to maximize the benefits of any change in the exchange rate.
The new platform was certified by the Financial Commission in 2016 and approved by experts. Olymp Trade reviews are mostly positive, indicating the usability of the product. The client, who decides to use the platform for trading, gets the opportunity to work with currency, cryptocurrency, stocks, precious metals, raw materials, indices. Options are traded: classic and turbo options. Today, the platform is successfully used by traders from around the world, including CIS, Brazil, Thailand, Turkey, Malaysia, Indonesia, Vietnam, etc. The platform has six technical indicators, two separate technical analysis modules, and an economic calendar.
The player can determine the current trends using the “people’s signal” indicator. The application is developed for mobile devices.
Olymp Trade Bonus Programs Explained
Cooperation with the company Olymp Trade gives the trader a lot of advantages. This includes not only the reliability of the platform and comfortable conditions for trading, a variety of tools for technical analysis, but also gifts, all kinds of bonus programs, contests and promotions.
- first Deposit bonus;
- Deposit bonus;
After account registration and replenishment of the trading account in the amount of more than$ 29, the following bonuses are available for the player:
– Deposit 30-99$ – a 10% bonus of the replenishment amount;
– Deposit 100-299$ – a 20% bonus of the replenishment amount;
– Deposit 300-4999$ – a 30% bonus of the amount;
– Deposit of $5000 and more – 50% of amount.
Promotions and contests are held quite often, which allows not only to increase the income of traders, but also to diversify the process, to make additional motivation for active work.
Also if you register via this link you can get 100% BONUS on first deposit.
Olymp Trade: trades training resources
The trading platform is actively working to train beginners. Only professionals deal with this issue, not just theorists who are familiar with statistical information, the basics of trade, working strategies and indicators, namely practitioners, daily hone their skills. This approach will allow the trainees to stay informed and to convey only relevant information to the trader, to introduce the main trends, to share the secrets of successful trading. The results of such training can be judged by reading Olymp Trade reviews on thematic resources.
Various forms of training are available:
- Courses. This is the most relevant type of training that allows you to effectively combine theory with practical trading on a virtual account.
Only three courses are conducted. The first course introduces beginner to the basics of trading in the foreign exchange market. Here is explained the meaning of the terms, examines the basic strategies, basic concepts trading, options and so on.
The second course teaches trader analytics, working with news resources. The third course teaches using the acquired skills.
Here you can study strategies, summarize the information, provide experience. Olymp Trade reviews show that it is full – time courses that allow you to become a professional.
- Video lesson. Here anyone is invited to undergo training with the provision of relevant information in a convenient format – video. This lesson is different in that there is no need to visit the training center. The difference of this lesson is that you need not to visit the training center. You can learn at a convenient time, being directly at home. The loss-making and winning solutions to specific problems will be demonstrated to traders, the most common mistakes of beginners will be described and of course trader will be acquainted with the basics of work. Different levels of training are available for traders with different degrees of training. Olymp Trade reviews reflect the true attitude of customers to this way of learning. Many are happy to convenient format.
- Webinars. Webinar is a kind of master class from a professional in his field. Here classes are conducted in real time, online. The main role is for speaker here, he can diversify the lesson at his direction, he can add examples from personal practice, etc. Students can contact the speaker via chat, ask questions on the topic. Another advantage is the ability to record a webinar and view it in the future. After all, not everyone will remember and learn the information from the first time. After all, not everyone will remember and learn the information from the first time. Feedback from traders indicates the high popularity of webinars among traders who want to improve their trading skills.
Before you choose the most attractive type of training, read customer reviews. Also, all the information about the training programs and the cost can be found in the specialists of the company, reviews of which we will consider below.
Binary options. It’s easy!
Share knowledge with friends! Earnings on the internet for beginners! Sometimes everyone finds a way of making legal and fast money online. Rate of currency is one the main subject in the evening news, newspapers. People in shops, banks and even at the family table discuss the rate of exchange. And of course, when you constantly read about these fluctuations in exchange rates, you understand that it’s a great opportunity to earn. Surely you’ve seen advertisements that invite you to start trading binary options. Maybe you have even tried to get the gist of this offer, but you found it unclear, unreliable, or money-losing.
What are binary options?
Binary options are one of the simplest and most profitable instruments in the financial market. The core of the earning is as follows: you look at the graph and make a forecast: the price of the selected asset will go up or down in the near future. If you think it’ll go up you should press the button “above” but if you are sure it’ll go down you should press “below”. You need to put the amount on your choice (from 1 to 200 US dollars), and choose the term of the transaction — for example, 1 minute. When this minute expires, the system will check whether you were right or not. If your forecast is justified the rate and profit will return to the account (usually 80% of the amount you risked).
Advantages of binary options
- Fixed profit/loss.
- No unpleasant surprises: you know all possible variants before the start of the transaction and adjust trade amount.
- No matter how much the price changes. For example, if you pressed the button “above” and the graph has passed one small step (point) up, then you will get back to the account up to 180% of the bet amount! So, if you decide to use $100 in the transaction, then in 1 minute $180 will be returned to your account.
- You chose the term of the transaction.
- For example, broker’s minimum deposit is $ 10.
- Visual trading platform: two buttons, user-friendly interface, one graph.
How to trade?
Try to open a deal yourself and you will succeed immediately. Of course, one ability of pressing the buttons is not enough, you need to determine the correct direction of price movement and take into account the special aspects of trading in the financial market. This is the only way to achieve stable, impressive results. We will help you learn how to trade binary options. You will begin to make an additional income and get positive emotions!
Olymp Trade: platform user reviews
Look at the reviews about Olymp Trade posted on various resources, including thematic forums, chats, feedback, etc. and you can see that the opinions of users converge on one thing – the platform is a reliable partner in the financial market. Many beginners try to start trading without having knowledge of the principles of the system and the rules in force in this area. It is not necessary to talk about analytics and choosing a suitable strategy. The actions of such a player are spontaneous, often justified by the emotional component, despite the fact that the process should be approached with a cool head. There’s no point to enter the market without a proper theoretical base and practical training. Trading-a job that requires time and using physical (mental) capacities, and full training.
We wish you successful deals!
You May Also Read
- 10 Things A Woman Will Do If She Loves You
- Top 6 Trusted Paid To Click (PTC) Sites to Start Earning Income
- Top Best Free to Use Keywords Research Tools for Website SEO Analysis and Improvement
- Ways to Create Wealth Online for Students and Teens
- How to Start Retail Store Business Ideas and Tips for Beginners
- Investment: Public Companies and Its financial Obligations?
- Top review and comparison of major cryptocurrencies
- How to Make Money and Create Wealth Investing in Treasury Bills