Financial Commission Olymp Trade
What I like most about Olymp Trade is that I can work here on my own and nobody imposes their help. Yes, there are always technical moments and questions. You should not hope that you will find the ideal platform or broker that will make a profit when trading without any strategy. After all, your result depends only on you, your approach to trading and your knowledge.
I mean the possibility to trade with fixed amounts and multipliers. When I’m getting familiar with a new asset, I set the lowest trade parameters not to lose a lot. Once I get along with the asset, I gradually make those settings riskier to count on greater profitability.
OlympTrade seems to be geared towards new traders who are interested in trading more as a hobby than a profession. The website lists the average trade size for the “last month” as $4.7 with 37,990,740 closed trades for a total trading volume of $171,236,104. This would leave the average trade size at $4.5. It does show that there appears to plenty of trading activity from the retail crowd.
I constantly read something and watch videos about different trading strategies. I also believe that you need to learn from the mistakes of other people. I think that this is correct because if a trader makes a mistake, it means that he loses money.
Olymp Trade provides training in the form of documentation, live online, and in person. Yes, Olymp Trade has a mobile app for Android, iPhone, and iPad. First, you need to know how certain news can affect a certain asset. During the news release, the asset can go up or down sharply. It is important for us to learn to understand this and then FTT will be able to help us earn good money. Of course, you can make money here, but you need to understand a lot of things.
But you can trade on your own, for example, they have indicators of how other traders trade at the moment. You can see how they trade on an asset and copy the deal. This does not require any special knowledge or a lot of time. And to contact someone from Olymp Trade, you can email them or write them in the contact form right on the website.
Each trade is decided on the basis of whether the asset’s expiry value is higher or lower than the strike price. Traders are given an option of customizing their trade durations. How to select assets to trade, and switch from one chart type to another.
As professional traders, we can tell you that there is nearly no difference between the order execution in the demo account and in the live account. The demo account is filled up with 10,000$ and you can change it with one click between the demo account and the live account. In the picture above you see how you can do it. That means you can deposit virtual money on the account if you make a loss for example. When the request is received, it is processed within 24 hours; in several cases, this broker credits the funds within a short time. At the same time, if there is any problem the process of withdrawing money can take up to more than 5 days.
Before I opened a trading account with Olymp I heard a lot about fixed-timed trading. Buried under controversial reviews, I decided to check out what this fixed-time trading is. Olymp Trade is the first company practicing this type of olymp trade review trading I found online. I can’t say a lot of good things about Olymp Trade.
When the registration process is complete, the user can proceed with Olymp Trade Login; they can make use of the demo account which is offered free of cost. This demo account is a replica of the live account and they are offered $10000 as virtual funds. This helps experienced traders practice new skills, try out trading strategies, and also to familiarize themselves with the site.