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Olymp Trade reviews (olymptrade.com)
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Digital options are easier to start with. Generally, the strategies can be more simple. There is not that much decision making you need to do after you’ve done your analysis and entered the trade. Just wait till option expires. Easy! Forex trading requires more thoughtful approach and skills to be applied. The pro of forex is that your profits are not limited to standard payouts. If you’ve managed to enter the market in a trend’s direction, say yee-haw and let profits fill your pockets.
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If nobody answers your question, you’ll have to wait till I master my skills with options trading and move further to Olymp’s forex platform to give the feedback lol By the way, I’ve opened the demo account at Olymp today. It took like 10 minutes to click each button and another 10 to understand what they all mean. I even made my first 12 demo-dollars today!
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Originally posted by Agredritlan View PostIf nobody answers your question, you’ll have to wait till I master my skills with options trading and move further to Olymp’s forex platform to give the feedback lol By the way, I’ve opened the demo account at Olymp today. It took like 10 minutes to click each button and another 10 to understand what they all mean. I even made my first 12 demo-dollars today!
For newbies I'd suggest starting with options. Not that they are overall better than forex. But they are somehow more simple to understand and they will give you the initial idea on how to analyze the markets. Once you gain some experience, you'll be able to make your own opinion on where it's better to trade: options or forex market
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Good to know. Actually myself I find very confusing how its all done in metatrader. I get lost in all these menus, advisors and to my regret I have to admit that the idea to enter stop and take in dollar values is very appealing to me. I do have a hard time figuring out how much I'm staking in the trade and how to adjust the lot size to my needs and expectations.
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Originally posted by Rhonnon View Post
Olymp has got their own forex trading platform which is somehow different from Metatrader which is often used by forex traders. The main difference is the way you set stop and profit target. Normally those are price levels. At Olymp you enter how much money you stack on the trade and how much money you wanna get upon the target fill. The rest of it is pretty similar.
For newbies I'd suggest starting with options. Not that they are overall better than forex. But they are somehow more simple to understand and they will give you the initial idea on how to analyze the markets. Once you gain some experience, you'll be able to make your own opinion on where it's better to trade: options or forex market
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No, for goodness sake, I like gambling in a casino but I go there to have a good time and for networking purposes. With Olymp I'm planning to squeeze some cash outta these markets. So no intuitive trades. As you might remember I'm not a professional trader yet, but I did spend some time learning how to interpret charts. I found out that I'm no good interpreting indicators. So I've chosen the most simple strategy to follow and I'm trying to stick to it. It's not a secret at all and I can share the method. I open 15 minutes chart and wait for horizontal movement. So called flat. Then I identify the general trend on the upper timeframe. If trend is up I enter pending order to the price at the bottom of that flat. If trend is down, I work with the pending order on the opposite side of a horizontal move. To my surprise it works!
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Olymp is my favourite now! Love at first glance with the platform. I wonder why developers are incapable to develop such user-friendly interfaces in every field of life. The other aspects are fine too. Commissions are acceptable, orders execution is precise and fast. There are all necessary charting tools and indicators available. So basically, all is taken care of apart from your ability to ana-lyse market and control emotions.
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Originally posted by Agredritlan View PostNo, for goodness sake, I like gambling in a casino but I go there to have a good time and for networking purposes. With Olymp I'm planning to squeeze some cash outta these markets. So no intuitive trades. As you might remember I'm not a professional trader yet, but I did spend some time learning how to interpret charts. I found out that I'm no good interpreting indicators. So I've chosen the most simple strategy to follow and I'm trying to stick to it. It's not a secret at all and I can share the method. I open 15 minutes chart and wait for horizontal movement. So called flat. Then I identify the general trend on the upper timeframe. If trend is up I enter pending order to the price at the bottom of that flat. If trend is down, I work with the pending order on the opposite side of a horizontal move. To my surprise it works!
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True, it really seems that forex should be more profitable. But real life is different. I've tried both on demo account. For some reason I had worse results on forex, so when I funded my account at Olymp, I traded options only here so far and I'm not too far from being completely satisfied with the results.
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when I had to study and pass exams, I thought about how to get money. The thing is, I've thought all my life that grades are a very subjective thing, so it doesn't matter. I once got into a group of older guys, they were talking about the casino. One of the guys talked about how he was able to raise $300 on the bets and it inspired me. I found the site https://slotslovers.org/online-slots-for-real-money-california/] slotslovers.org/online-slots-for-real-money-california/[/url] where they talk about how you can choose a casino and what are the secrets in correctly winning the game
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Originally posted by Agredritlan View PostTrue, it really seems that forex should be more profitable. But real life is different. I've tried both on demo account. For some reason I had worse results on forex, so when I funded my account at Olymp, I traded options only here so far and I'm not too far from being completely satisfied with the results.
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