Tips on how to play Olymp Trade
Tips on how to play Olymp Trade - Binary Option trading is currently very popular with many people who want to benefit from an online business. If you want to try it, the Olymp Trade broker is one of the leading providers of Binary Option facilities that are worth following. However, first you need to know how Binary Options trading, including how to play Olymp Trade.
Of course you already know that in this world there is a name for the financial market where people trade stocks (stock markets), bonds (bond markets), or foreign exchange (forex markets), through the brokerage brokers or forex brokers. Now, in Binary Options, we see the ups and downs of the assets traded in these markets, then decide whether the movement will go up or down, then risk our money on that estimate.
For example, if we estimate the movement of Apple shares will rise continuously in a certain period of time, then we will choose the Call option (sometimes called High or Up), then determine the amount of funds to be wagered, for example $ 100. If Apple's stock price really goes up, then we will get back the $ 100 fund plus the payout promised by the broker. The amount of payout varies, can reach 90% or more.
On the other hand, suppose we estimate the movement of the EUR / USD currency pair will drop in a certain period of time, then we will choose the Put option (also called Low or Down), then determine the amount of funds to be wagered, for example $ 250. If it turns out later when it is due, the price will not continue to fall, but instead turn up, then we will lose. The $ 250 fund could be forfeited, or only a few percent left.
This is Binary Option trading. One thing that needs to be understood, transactions do not really involve the transfer of Apple shares or Euros. We only expect prices to fall or rise in a certain period of time. So, this is simpler than forex trading or stock trading.
The way to play Olymp Trade is similar to the general rules of Binary Option trading above. Equally simple and easy to understand. The following are the details of the steps for playing Olymp Trade:
1. Register on Olymp Trade.
Open the Olymp Trade site, then click "Start Trading". You will be delivered to the Log In / Registration page. The registration process as the first step in how to play Olymp Trade will be completed only by filling out the form that appears on the page. Note that you will be asked to provide an active email address. Make sure it's really an active email, because later verification and various relationships with Customer Support will pass through the email.
2. Deposit capital funds to Olymp Trade.
Every business certainly needs capital. Similarly, if you want to benefit by playing Olymp Trade. When the initial registration, indeed you will be given a demo account with virtual funds of $ 10,000, but any benefits obtained there can not be withdrawn in cash because it is only money as training material for Binary Options trading only. If you want to get benefits that can be withdrawn, then you must deposit funds first. Deposit funds can use Visa / Mastercard credit cards, Qiwi Wallet, Neteller, Webmoney, Skrill, Fasapay, or through Olymp Trade accounts in certain Indonesian banks. But if you want to practice how to play Olymp Trade first, then this second step can be missed.
3. Open the Olymp Trade trading platform.
How to play Olymp Trade can be on PC / Laptop or Android, because there are various platforms. Your username, password and download link will be notified of Olymp Trade after you register. Download the platform on the gadget you have, then open the platform.
4. Make transactions on the Olymp Trade platform.
Well, here's the main point in the instructions for playing Olymp Trade. In the cross section of the trading platform, note that there are several asset options. Suppose a forex asset, then there are options USD / JPY, EUR / USD, or the like. In addition to each asset there will also be a certain percentage, for example 55% or 80%. That number is the amount of profit you get if the guess is right. Then on the left side of the cross section, there is also a Trade Amount and Close In column. Trade Amount is the amount of funds to be at stake, while Close In shows the time when a transaction will expire (due).
To play Olymp Trade, specify the Trade Amount and the time period at Close In first. After that, select one of the assets; for example USD / JPY 80%. Pay attention to price movements, about going up or down? If it is expected to go up, press the Up button. Whereas if it is expected to go down, select the Down button. Later, if the guess is correct, then you will receive a large amount of Trade Amount funds, plus an 80% profit from the Trade Amount. The initial capital plus the profit can be withdrawn through the same medium as when depositing funds.
Very simple, right? However, it is actually quite difficult to estimate price movements appropriately. Analysis and strategy are still needed in order to get a decent profit. Moreover, the Olymp Trade trading platform is also equipped with various analysis tools like trading forex and stocks, such as the Moving Average, and so on. Therefore, in order to become more expert in how to play Olymp Trade, it is better to also explore topics such as Technical Analysis and Fundamental Analysis. Hopefully useful and good luck.
Understand Binary Option Trading
Of course you already know that in this world there is a name for the financial market where people trade stocks (stock markets), bonds (bond markets), or foreign exchange (forex markets), through the brokerage brokers or forex brokers. Now, in Binary Options, we see the ups and downs of the assets traded in these markets, then decide whether the movement will go up or down, then risk our money on that estimate.
For example, if we estimate the movement of Apple shares will rise continuously in a certain period of time, then we will choose the Call option (sometimes called High or Up), then determine the amount of funds to be wagered, for example $ 100. If Apple's stock price really goes up, then we will get back the $ 100 fund plus the payout promised by the broker. The amount of payout varies, can reach 90% or more.
On the other hand, suppose we estimate the movement of the EUR / USD currency pair will drop in a certain period of time, then we will choose the Put option (also called Low or Down), then determine the amount of funds to be wagered, for example $ 250. If it turns out later when it is due, the price will not continue to fall, but instead turn up, then we will lose. The $ 250 fund could be forfeited, or only a few percent left.
This is Binary Option trading. One thing that needs to be understood, transactions do not really involve the transfer of Apple shares or Euros. We only expect prices to fall or rise in a certain period of time. So, this is simpler than forex trading or stock trading.
Steps to Play Olymp Trade
The way to play Olymp Trade is similar to the general rules of Binary Option trading above. Equally simple and easy to understand. The following are the details of the steps for playing Olymp Trade:
1. Register on Olymp Trade.
Open the Olymp Trade site, then click "Start Trading". You will be delivered to the Log In / Registration page. The registration process as the first step in how to play Olymp Trade will be completed only by filling out the form that appears on the page. Note that you will be asked to provide an active email address. Make sure it's really an active email, because later verification and various relationships with Customer Support will pass through the email.
2. Deposit capital funds to Olymp Trade.
Every business certainly needs capital. Similarly, if you want to benefit by playing Olymp Trade. When the initial registration, indeed you will be given a demo account with virtual funds of $ 10,000, but any benefits obtained there can not be withdrawn in cash because it is only money as training material for Binary Options trading only. If you want to get benefits that can be withdrawn, then you must deposit funds first. Deposit funds can use Visa / Mastercard credit cards, Qiwi Wallet, Neteller, Webmoney, Skrill, Fasapay, or through Olymp Trade accounts in certain Indonesian banks. But if you want to practice how to play Olymp Trade first, then this second step can be missed.
3. Open the Olymp Trade trading platform.
How to play Olymp Trade can be on PC / Laptop or Android, because there are various platforms. Your username, password and download link will be notified of Olymp Trade after you register. Download the platform on the gadget you have, then open the platform.
4. Make transactions on the Olymp Trade platform.
Well, here's the main point in the instructions for playing Olymp Trade. In the cross section of the trading platform, note that there are several asset options. Suppose a forex asset, then there are options USD / JPY, EUR / USD, or the like. In addition to each asset there will also be a certain percentage, for example 55% or 80%. That number is the amount of profit you get if the guess is right. Then on the left side of the cross section, there is also a Trade Amount and Close In column. Trade Amount is the amount of funds to be at stake, while Close In shows the time when a transaction will expire (due).
To play Olymp Trade, specify the Trade Amount and the time period at Close In first. After that, select one of the assets; for example USD / JPY 80%. Pay attention to price movements, about going up or down? If it is expected to go up, press the Up button. Whereas if it is expected to go down, select the Down button. Later, if the guess is correct, then you will receive a large amount of Trade Amount funds, plus an 80% profit from the Trade Amount. The initial capital plus the profit can be withdrawn through the same medium as when depositing funds.
Very simple, right? However, it is actually quite difficult to estimate price movements appropriately. Analysis and strategy are still needed in order to get a decent profit. Moreover, the Olymp Trade trading platform is also equipped with various analysis tools like trading forex and stocks, such as the Moving Average, and so on. Therefore, in order to become more expert in how to play Olymp Trade, it is better to also explore topics such as Technical Analysis and Fundamental Analysis. Hopefully useful and good luck.
Post a Comment for "Tips on how to play Olymp Trade"
Provide comments relevant to the posted articles and provide critiques and suggestions for the progress of the blog