Olymp Trade

[KristanXX]

I recently opened a demo account on Olymp Trade, but I can’t find a more or less stable trading system. I have been doing forex trading for three weeks and started wondering if it's possible to make money on forex at all? I would appreciate any information regarding my question.

 

[rekrued]

I recently opened a demo account on Olymp Trade, but I can’t find a more or less stable trading system. I have been doing forex trading for three weeks and started wondering if it's possible to make money on forex at all? I would appreciate any information regarding my question.

You have to spend at least 3 months in demo account to get the hang of it. Don't expect to make money so quick in trading coz after all this is not a get-rich-quick scheme.

I have been trading in Olymp Trade as well for more than 6 months now. I have to admit that sometimes I am able to make some profit and sometimes I do loss some money.

But the demo account actually really helps me in trying new techniques and practicing the indicators and its strategies.

Before starting in live account , I actually spent around 4 months in this demo account.

I suggest that you join some facebook group specifically for Olymp Trade Malaysian traders. Some of them do make some profit and willing to share their techniques. My fave group is this one https://www.facebook.com/groups/OlympTradeMalaysia/

So don't give up too easily. If there's a will , there's a way Good luck !

 

[Fanaudy]

Thank you for inviting me to the group! I've noticed by the screenshots you mainly use options on Olymp Trade . Why don't you trade on the forex platform?

 

[SeanBlair]

to be honest I'm newbie in this forum. for now I just watch and learn from existing cases.

 

[Jurlare]

If a person manages to trade profitably on options, why not use it? I'd recommend beginners to start with a forex platform, since in case of an unsuccessful forecast, the potential losses are less. Profit is also less, but for a beginner the main thing, I think, is to learn not to lose the deposit.

 

[KristanXX]

I thought that the profit is main motivator of the trader))

 

[Jurlare]

Binary options create the illusion of the possibility of rapid enrichment. In fact, one of a series of random orders of a beginner turns out to be profitable for sure, but this is a random profit, which only reinforces the illusion, and success doesn't come from scratch. Right stuff was written above. You need at least a minimal understanding of the market, and this requires experience. Financial assets are used in flat most of the time. When and under what factors terms become predictable can be found only after several months of observation.

 

[Fanaudy]

The main thing that these few months of observation were not in vain)))

 

[KristanXX]

The safest way to save money is not to spend it at all. But I do not want to save, and multiply. I understand that the higher the possible profit, the higher the risk of losing money. The truth is simple. But at the same time it is easier to ask than to spend several months in contemplation and waiting for insight. I tried to trade options, then on Forex and until I decided which is better.

 

[Jurlare]

I think the choice of platform depends on the trading strategy. On options, you can quickly rise, but the risks are high. A proven strategy is required. On the forex platform, orders are not limited by expiration, which makes trading more comfortable. One thing for sure. Forex platform is more universal. For example, you can place a pending order and not wait for the occurrence of some event or news. In addition, in Forex it is difficult to lose the entire bet at once. If you have not guessed the direction of the chart, you can always close the order manually or automatically on time.