Olymp Trade Kenya
Forex trading means that you can make an unlimited profit or loss. When it comes to trading many traders are asking how to make money on the Olymp Trade platform.As mentioned before you can choose between fixed-time trades and forex trading on the menu. It is possible to switch with one click between these two financial products. In the next sections, we will discuss how to trade on the platform and how does it work to invest money. For trading options and forex, technical analysis should be used.On the platform, you can use different chart types and indicators. Olymp Trade offers a huge range of tools for analysis.
According to the company website and other sources, OLYMP TRADE traders have access to bonuses from 20% to 50% for making deposits. The bonus usually compensates traders for choosing a certain broker, since once the account is active, the trader will have the same expenses as any other. The bonus usually only starts giving some expenses back to the trader once the person has proved himself as an active trader. Commissions are the charges imposed by an investment broker on a trader for making trades on the trader’s behalf. The level of commissions depends on the asset being traded and the type of service offered by the broker.
At the time of login, the online broker asks you to enter a code, which only you know. This extra layer of security protects your account from anybody who gets hold of your password. Olymp Trade offers two varieties of authenticators—a code sent to your verified mobile number or a code received from Google.
He broker is not regulated, not overseen and does not comply with strict international rules that provide protective measures to the traders. Truthfully, olymp trade for me became more than just a broker, y'all know... There are special communities devoted to olymp trade in facebook. I always chat in FB groups with traders and we discuss different things concerning trading and not only it actually. Join the community in various social networks, where you can receive additional knowledge from real traders who daily trade with olymp trade. One of the final items to consider when opening an account, regardless of the platform is to review the terms and conditions of the company.
Minimal deposit sum for vip status is 2000$, but the advantages are worth it. Newbies should better not risk like that straight away. They need to start with the minimal deposit of 10$.
There is no spread , but there is a brokerage fee that one has to pay when executing trades or holding them until the next day. Clients can use Fixed Time Trades and Forex modes on the platform. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. The same method that was used to fund an account must normally be used olymp trade review to withdraw money.
I’ve immediately lost 60$ cause I traded without a strategy. So I thought I’d be more serious and added a couple of indicators to the chart and followed a strategy. And, oh my god, in a couple of days I traded back the money I lost.
Olymp introduced its own trading platform and it offers fast orders execution, there are only minor lags sometimes. The only disadvantage I can mention is that you can withdraw your profits only with the same method, you used to make a deposit. Olymp support team explained me that’s cause of security reasons, but sometimes it can be really inconvenient. On the other hand, the minimum deposit is 10 dollars, so you can make this deposit to add payment method to withdrawal options.
Here you can feel real freedom and work according to the strategies and time that is convenient for you. The terminal allows you to do this and you can even potentially count on higher performance in your personal statistics if you follow them in detail. I’ve been trading for about half a year now and I must tell you guys, that you should never, never ignore economic calendar! Forgetting about important economic releases is no good in a long run.
Along with training materials, Olymp Trade offers free demo accounts. Those who registered get access to 10,000 virtual coins to play around with. This way, traders don’t risk losing any of their real money while getting over the learning curve. Why would anyone be in need of recovering their money lost with options trading? With Olymp there is only one way to lose money – make silly trades.