Olymp Trade: all you need to know

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Olymp Trade

Information, advantages and disadvantages of the broker platform

Olymp Trade is a new but ambitious binary options broker. In fact, it combines the best existing functions in the industry with an easy-to-use platform and a user-friendly interface, thus establishing a completely new level of quality of service.
The broker turns out to be ideal both for professional traders with many years of experience and beginners: for the latter, in fact, there is the possibility of creating a demo account, which can be used simultaneously with a real one, while for the most experienced users there are numerous tools aimed at analyzing and improving the understanding of the market. But not only that: among the advantages of this broker there are also the low minimum amount for a deposit, the mentorship of the trader during the course with free and in-depth trading lessons, analysis of the market with professional tools, and an incredibly efficient customer support service.

Olymp Trade offers a wide range of investment instruments: 8 currency pairs, commodities, indices, individual securities and the bitcoin index, plus the classic “call/put” binary options, with an expiration time ranging from one minute to three hours. The most popular currency combinations in the platform include EUR, USD, RUB, AUD, CAD, CHF, GBP and JPY, but gold, silver and oil are also available. There is the possibility of trading with stock indices such as Dow Jones, DAX, S & P 500 and Nasdaq, and with a wide range of individual corporate securities, including Apple, IBM, Microsoft, Coca-Cola, Facebook and other multinationals. In addition to this, Olymp Trade also offers 24-hour trading in Bitcoin.



Some numbers: the minimum deposit with which you can top up your account (not demo) is 10$ or 10€. The minimum amount necessary for trading is low too: 1$ / 1€. As for the demo account, however, there is something new: unlike most other brokers, on Olymp Trade you can use a demo account in parallel with a real one, passing from one to another with a special link. Every trader can experiment with 10,000 “demo-dollars” in order to safely develop his/her skills and to test trading strategies. The only difference between the demo account and the real one is that virtual funds can not be converted into real money and you need to make a real deposit to start real trading.
The welcome bonus is excellent: it reaches up to 50% on the first deposits, depending on the amount deposited; it is important to note, however, that the bonus can only be used for trading and it is not available for withdrawal. The latter is generally free, there are no withdrawal fees.

A particular note on security: Olymptrade is regulated by the FRRMC (Financial Regulation Relations Center Center) reference number 0395AAVv0074, which guarantees the reliability of the trading platform and offers its customers advantages such as the resolution of legal disputes and the filing in case of brokers violations.

But there is also a negative aspect: at the moment there is no app for Windows. Only standard mobile applications are available for Android and iOS, a complete app for Windows has not been announced yet.

5 things that (maybe) you do not know about Forex

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There are many interesting facts and facts about Forex, it’s time to find out if you know them all. Do you know how many machines can you buy with all the money that is exchanged every day in the currency market?

Here are the 10 things that (maybe) you do not know about Forex.

1) How many machines can you buy with a single day trading volume on Forex?

Considering that $ 5.3 trillion is exchanged each day, you may be able to show up a good car for any family living in America, and you would still have enough money to buy another for each of them.

2) The United Kingdom has the largest Forex market in the world

You might think that the United States is the leader, but 41% of all Forex transactions occur during the London session, and only 19% occurs in the US session.

3) The currency market has biblical origins

Currency markets are not a new invention.
The exchange between currencies is mentioned in the Talmud, which dates back to biblical times. A commission was paid to the money changers, of course.

4) The worst inflation in the history of currencies

Erroneously, we think that exchange rates will suffer only minor variations, but it is not as much as the citizens of Zimbabwe can testify for what happened in 2008. Currency inflation was the worst in all of history, with a rate of 6.56 sextillions (10 to the 21st). Fortunately we were not long on the local currency.

5) Many forex traders fail to close the year in profit

We all want to make money by investing in the Forex market, but many do not make it. According to recent research, as many as 99.6% of private traders fail to close four consecutive quarters positively.


Earning with forex trading: 3 useful tips

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Although the forex market is the richest market in the world, about 4 trillion dollars are traded internally, there are many people who still do not know the advantages of this market and who believe that trading is only related to the sale of shares.

Trading online

1st tip: invest only what you can risk

Investing is not a game, although it may feel as it. You have to pay close attention to the capital invested: this greatly affects the emotional aspect of the investment. The invested capital must not in any way serve you: if you invest a sum of money you need and you lose it, you will want to earn at all costs and you will easily become victim of scams.

2nd tip: plan your earnings

In order to get somewhere you must have a goal to reach, otherwise you start wandering and when you wander you can not even get where you hoped. Plan your earnings, then establish how much you want to earn in a year. Yes, it seems strange to talk about deciding how much you want to earn, but that’s exactly how you have to start. Obviously, you do not have to be a dreamer: you have to plan your goals realistically. If you deposited an amount of € 1,000, do not plan to earn € 100,000 in a month.

3th tip: plan a strategy

The strategy is at the base of the online trading activity in the forex market, is the basis of all the trading activity and must be a carrier. There are many trading strategies that can be used to earn money, some of which are based on technical analysis, others are based on fundamental analysis, that is, macroeconomic analysis.

We always recommend that you use both approaches because only in this way can you make significant gains.