All traders have to pass several stages on their trading path: mistakes and losses, various brokers and only after - it might be success.
Indubitably, nowadays traders aren't fond of changing brokers from tiem to time, they as a rule remain with one broker during the whole trading path, while I believe that it's important to change broekrs in order to find the most suitable one.
I faced this broker when I was in search of a new one. I have decided to remain with it mainly due to I liked
the conditions toward minimum deposit, it's about 10$ and everybody can afford the sum;
strong educational center and community in several social media;
intriguing system of multiplicators which serve as the substitution for leverages.
Maximiano_Reis posted: Please tell me, does Olymp Trade has a broker for ordinary CFD trading or just FTT?
Of course, you will be able to trade with Olymp Trade broker not only in FTT mode, but also with forex mode, including CFDs trading. And this is one of the main advantages of trading with an Olymp Trade broker. In fact, many traders are not interested in owning the asset themselves, but only in the profits, they make when trading. In addition, the fact that you can make a profit on both the rise and the fall of an asset price can serve as a positive moment. Also, by using leverage in trading (or multiplier, as it is called at Olimp Trade), you can significantly increase your earnings.
I like the broker and its trading platform. I mean that I used to trade mt4 and I was quite skeptical about olymp platform. However, everything changed when I really used it in my trading, I just found it very convenient for me because it is easy to navigate and it has everything which I need for the market analysis and order executions.
It is very difficult only at the beginning, so it is very important to choose the right broker and trading style. There is a great way to trade that is suitable for beginner traders, I am 100% sure of it. This method is much easier than forex trading, but at the same time it is also fascinating. This is the opportunity offered by olymp trade broker, and this type of trading is called FTT. You will make your profit no matter how many pips the currency moves. Even if your movement is only one pip in your direction, the profit is still yours. To do this, you will need to carefully analyze the chart and choose an expiration time. You can even choose one minute and after one minute you will have your profit.
I like their alternative approach to trading. It gives me more freedom to enter the market. A combination of fixed amounts and multipliers is what I need so much for a long time. It allows to trade very intensively, entering the market more or less risky.
What can I say? I started my Forex epic in 2017 on the advice of an acquaintance. Fortunately, I started on a demo account with Olymp Trade, which saved me from unjustified financial losses. Everything was going great on the 'demo' account, but when I put $200 on the real account six months later - they disappeared in a few days. I began to self-train - and again I traded only on demo account. Than I began to cooperate with a personal account manager from Olymp Trade, studied strategies and trading patterns and practiced so enthusiastically that I was constantly reading, watching and finding out new things. I read 'Technical Analysis' by Jack Schwager, 'Fundamentals of Trading' by Elder and many other books. At the moment I have about $2000 on my deposit at Olymp Trade, my first deposit was $1,500. I have been trading for 2 months and my results are stable profit.
If we talk about the broker, here, of course, offers CFD trading on Olymp Trade. In order to see the list of assets that the broker offers for trading, you just need to open the trading platform and go to the current assets tab. There you will be able to get acquainted with the full list of available financial instruments. There is an opportunity to choose manually from the presented list or use the asset search. There is also an option to filter out a specific group. In fact, the CFDs are a very convenient tool that allows you to trade without actually owning the asset, and this increases the chances of profit, because you can make money even if the position falls. You can also take advantage of the multiples of Olymp Trade when you make a trade, which will increase your profits and reduce your risks
Before joining this broker I heard a lot of controversial things about fixed-time. Some people associate it with fraud and gambling. I tried this stuff with Olymp and can say that there’s nothing scary here. It’s quite possible to earn money by trading fixed-time. Afterall, I withdraw money earned this way without any problems. You should understand that fixed-time is a completely new thing. It differs from everything you might have tried in trading before, such as stock and Forex trading. Here you are expected to make a forecast within a set expiration period. It teaches to “feel” the market and I think it’s especially good for Forex scalpers. It would be a good drill for them.
If you can't find a proper broker for a very long time, then just pay attention to this one. I believe that conditons and services which it offers are quite competetive in case we speak about the whole market, because it has some special peculiarities which no one could miss. I'm delighted by working with this broker mostly because I had a big trouble with finding a realiable broker which would suit my needs and trading style. So, I advice traders try it.
To my mind, it's convenient when the broker offers some exclusive conditions for its traders. This broker provides its traders with several trading styles. These styles are fixed time trading and forex trading. It's really important for traders to have a choice in trading styles. I suppose that there are plenty of traders who are really tired of forex trading, thus they can try something new in case they'll choose this broker as their primary one. Moreover, I want to note here a multilingual customer support, which can help you to sort out any issues using your native language.
Thorgaswyn posted: I trade with Olymp Trade Forex and I like the large number of indicators for analysis. This is a great way to find out the market forecast. I have not traded Olymp Trade FTT yet. Who trades, tell me, is it convenient, can I make a lot of money?
FTT is quite a convenient way to trade and your profits may depend on your skills and the status of your account. All in all, you can earn up to 92% profit per trade.
If we talk about the broker Olymp Trade, it is a well-regulated broker, which provides insurance for the deposit in the amount of not more than $20,000 in case of dishonest actions of the broker. The fact that the broker is so well regulated shows that it is not about to play dishonest games. The broker has an excellent community of traders in social networks. You can open a demo account with 10,000 demo units. What pleases me about the withdrawal is the availability of a large number of withdrawal methods, including webmoney.
I trade with Olymp Trade Forex and I like the large number of indicators for analysis. This is a great way to find out the market forecast. I have not traded Olymp Trade FTT yet. Who trades, tell me, is it convenient, can I make a lot of money?
I trade gold, USD/JPY, and Bitcoin with this broker. I do my best to spot the very beginning of each wave and it’s much easier to do this on their web platform. I do it using a combination of trades with smaller multiplier leverages and fixed amounts. Perhaps, you might have guessed how I do this.
Previously, I had absolutely no idea how the Forex market works and was a little skeptical about it. I didn't believe it .. But how surprised I was when I saw that my friend from the next house was trading FOREX. He showed me the transactions and I realized that it is really possible to make money. He traded OlympTrade Forex. Well, I think you already figured that out. He advised to download the OlympTrade mobile application and trade on a demo account. This is a great practice and it is possible to understand how the trading platform works. I also watched a lot of video tutorials and learned different trading strategies. It was all incredibly interesting and I was very surprised when I noticed that I was good at it and I understand everything. It was a sign that I had chosen the right thing for myself. I am very happy because I am unlikely to change my profession. I trade OlympTrade forex quite successfully .. of course everything is not perfect but it is much better than having a regular job.
Devisar posted: As one with little experience in trading with Olymp Trade, I really like this broker, its conditions, trading platform and website. I am trying to trade multiple instruments, but still would like some advice from experienced traders on what should a beginner focus on, trading fixed time or trading forex?
I advise you to trade Forex because it’s a more traditional thing. Most trading courses today teach exactly Forex. But if you want to try fixed-time, use high expiration periods, such as an hour or longer. In this case, it will be much easier to analyze the market and prepare for a trade.
As one with little experience in trading with Olymp Trade, I really like this broker, its conditions, trading platform and website. I am trying to trade multiple instruments, but still would like some advice from experienced traders on what should a beginner focus on, trading fixed time or trading forex?
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.