Olymp Trade App Review.
Mobile phones provide their users with a world of possibility. The rectangle in your pocket, purse, or hand can play music, show movies, and help you connect with people around the world. Why shouldn’t it help you make money as well? Now it can like never before, move over influencers, there is a new way to earn a living on the go.
The Olymp Trade app has made it possible to earn money from your mobile phone or tablet wherever you can connect to the internet. Olymp Trade has provided trading services since 2014. The whole time this broker has strived to make the world of finance and trading accessible to everyone. The Olymp Trade Online Trading App is another step in that direction.
The Olymp Trade app allows people to execute Fixed Time Trades, wherever they have internet access. Its intuitive interface and built-in training make it a wonderful choice for both new and experienced traders. Combined with their online educational library filled with trading strategies, trend indicators, and webinars, Olymp Trade is making trading easy to understand and execute. Make your own impression of the platform by creating an account.
As a member of the International Financial Commission with a Verify My Trade execution certification Olymp Trade is a trusted international broker.
What are Fixed Time Trades?
Fixed Time Trades are regarded as one of the most straightforward trading techniques on the market today, known for their simplicity. On the Olymp Trade app, traders make money by forecasting whether the price of an asset (stock, currency pair, commodity, or cryptocurrency) will move up or down within a predetermined time period. Once the time has elapsed, correct forecasts earn them up to 92% of the initial investments.
Executing trades is easy. Choose your time and set your direction. To set a downward prediction all you have to do is to push the red button to open a “short trade” because you believe the price is headed down. The process is essentially the same: to place an up or “long trade”, press the green button to open a new up trade.
On the Olymp Trade app, assets will have percentage payouts ranging from 10% - 92%, depending on their trade volume. Pay attention to the rate of return for a successful trade, if the rate is 80% and your investment is $10, a correct forecast would mean $8 profit.
Getting Started
Download the Olymp Trade Online Trading App from the Google Play store or the iOS App Store and register as a new user.
View the instruction on how to download the Olymp Trade App to get started swiftly.
While filling in your information you will be asked to choose between USD and EUR as the currency of your account. However, deposits can be made in most other currencies.
Once your registration is complete you will be guided through an introductory walkthrough of the Olymp Trade app’s interface and features. To get truly acquainted with this version of the platform you must take time to trade on it.
Demo Accounts & Practice
Before diving headfirst into trading, all traders should take some time to better acquaint themselves with the platform.
Once registered you can access your free demo account in the Olymp Trade app. This invaluable demo account operates the same way the live account does without risking real money. Utilize $10,000 demo money to trade in live markets to test strategies and familiarize yourself with indicators.
With a replenishable balance, the Olymp Trade Online Trading App has an awe-inspiring demo account. Practice trading in real-time with fake money and improve your skills with hands-on experience.
Learning to trade successfully requires skill and knowledge gained through practice and study. Take the time to hone your abilities and become the successful trader you want to be.
Olymp Plus
No review would be complete without mentioning the Olymp Plus platform and app. This suite complements the Olymp Trade Online Trading App and platform by supplying the analytical and educational tools people need to succeed. Most new people interested in trading are not experts, and the quality of the information provided by a platform shows how much Olymp Trade cares about its users’ development. This tool helps the platform to attract new users who seek guidance and support.
Learning to trade with the Olymp Plus Educational suite is simple. The library is brimming with free content and webinars explaining the instruments and tools available on the platform and how to take advantage of them.
Deposits & Withdrawals
To add money to your account Olymp Trade accepts a couple of different methods: bank cards, Bitcoin, and e-wallets.
Skrill is one of the most commonly used e-wallets for Olymp Traders to use; chosen for its fast transfers, transparent low fees, and vast network of partners.
The Platform
When trading, charts are the most important tool for traders. The Olymp Trade app provides both line charts and candlestick charts.
At the bottom of the screen, you will find a field where you can enter your trade amount, set a time frame, and open a trade. Once you have selected to open a trade a red and green arrow will appear for you to make your forecast. Trade time frames can be set for as little as a minute to as long as twenty-three hours and fifty-nine minutes. While the minimum trade amount is $10 and the maximum is $2000.
Via the menu button in the top left corner, you can switch between your live and demo accounts, select an indicator to overlay on the chart, change the chart type, or access your personal account to view your open trades and read notifications.
Olymp Trade Stocks
Stocksis a trading mechanic that uses stocks as an underlying asset type. It’s very similar to traditional position trading and will be a part of app trading in the near future.
This type of trading is a throwback to classic stock trading. For many traders, this type of trading may be most effective when a position is left open for a long period of time. Traders open a position executing a buy or sell trade and keep it open for as long as they want. This gives users the freedom to plan for long-term trades in a relaxed manner.
Olymp Trade Stocks is traded in units, therefore there is no minimum trade amount. The price of a Stocks unit is equal to the price of the underlying stock. Therefore, the price defines the entry-level amount for a particular stock. There is no commission for opening a position. Instead, there is a Sale Success Fee, which is only charged to a trader’s account if the trade is closed with profit.
Analysis
Learning to analyze charts is a crucial part of trading. There are over 30 indicators on the Olymp Trade app platform including Parabolic SAR, RSI, Stochastic, MACD, and SMA.
Each indicator uses a special algorithm to analyze the chart. Detailed explanations of each can be found in Olymp Trade’s free educational material. Learning to use these will drastically increase your chances of making successful trades.
Olymp Trade Support
Olymp Trade has a well-maintained social media presence on Facebook, Twitter, and YouTube. They are great ways to stay up-to-date with all things Olymp Trade, especially their YouTube channel with videos in 8 languages.
Beyond their social media presence, Olymp Trade provides 24/7 live support in 8 languages with call centers located around the globe. Their support staff is always ready to help you with any questions big or small.
