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Olymp Trade

How to find profitable strategy? I understand the importance of trading education. watching the webinars with pro traders and so on. Still, I don't get the profits... What am I doing wrong?
 
Well, let’s see. At least you will need to define the trading style, which will suit you. If you have already learned the basics, you should know that there are technical analysis, fundamental analysis, and other hybrid analysis and branches. So chose the most suitable style for your self and act based on it. Both technical and fundamental analysis have potentially profitable businesses, which you just need to improve, and also there is some trash, which isn’t worth your attention. Try to work out with the strategies which have some potential, try to make some experiments with the settings - this should bring you to something useful. I’ve heard that there is a platform for technical analysis on Olymp Trade, I think, it’s convenient for trading and if not, you can always use Tradingview.
 
Agreed, further on only experiments :) When you already have a knowledge base, then you start to understand what can work and what can’t. This is hard to explain, just experienced traders always have an intuition or something like that. It’s not like the intuition to open the deals (it’s better not to do so, then the trading will turn into gambling and not more). But the intuition as a result of the experience can help to choose the right strategy or at least the direction. Once your intuition will point at the right strategy - you should only follow it and don`t turned around.
 
Ok, I kind of got, which direction to follow. Then probably I need to complete the Olymp Trade education, because anyway I don’t have yet the base as such. My knowledge still don`t work in my mind like a well-coordinated mechanism. Broker's tech analysis platform is really cool, I already used it, now I also may need it to apply my knowledge.
 
You said that your mind still doesn't seem to work like a well-coordinated mechanism. It's ok. When babies start walking they are not capable of running uphill in the mountains. Some of them never get capable of doing that, but every healthy child can learn how to walk and then run. Same with trading I guess.
 
Wow, what a will power! You've been profitable on your demo account and still have not funded it with at least $10. Congratulations! You've got all chances to succeed as a trader. Do you apply any strategies or just open trades chaotically?
 
I've noticed that flat levels work quite well. I open pending orders at those levels having in mind that the price will most likely bounce off these levels up or down. I try to keep this in mind, but not all of my trades are based on this observation.
 
I've noticed that flat levels work quite well. I open pending orders at those levels having in mind that the price will most likely bounce off these levels up or down. I try to keep this in mind, but not all of my trades are based on this observation.
Looks like you are a newbie in trading, but man! You might not even realize this yet, but you’ve just described the most holy secret of profitable trading and I’m not kidding here.
You’ve chosen ONE strategy that you do understand how to apply on the markets and you keep following it. Moreover! I don’t know occasionally or not, you’ve discovered one of the best working technical analysis strategies: trading in a range. If you keep exploring it further, you’ll find more details worth attention and can reach even better results. But for now, keep it up working on these “bounce” trades until you are 100% sure you can make some money on a regular basis by using it
 
Thank you, but I think you are overestimating my results. Yes, I’m making some demo-money here and I’m even that confident about this strategy that I even think that its time to fund my account. But I always have a feeling that there is more to discover. I learnt about this range technique from a free Olymp’s educational article. Range is called “horizontal move“ there. If the “holy secret” is so well-known and is distributed for free, there must be something wrong with it.
 
I bet they didn’t explain how to use it precisely. I discovered that yourself! From what you’ve described above, you use the range extremums for options trading. There is only one way to find out if there is something wrong with this strategy or not: if it yields profits, everything is perfectly fine with it. If not, oh well, something is :)
 

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