Olymp trade forex trading

The concepts of support and resistance can help a trader know when to enter and exit trades. Read on to know more. If you carefully scrutinise the stories of successful traders, you will come to the conclusion that their method of predicting price movements is mostly related to support and resistance levels. Knowledge of this technical aspect helps an investor understand when to enter and exit trades.

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Content:

• The binary-options black hole: Forget about making money, it will suck in what you have
• Olymp Trade unravels 5 myths about Online Trading
• Olymp Trade launches in the Middle East
• Olymp Trade Broker Profile
• Olymp Trade launches fractional units
• Olymp Trade Rebates
• What is the secret weapon of successful traders? Olymp Trade knows the answer
• forex trading on olymp trade
• 2 Basic Strategies for Trading Forex on Olymp Trade

WATCH RELATED VIDEO: How to trade on Forex. Olymp Trade

The binary-options black hole: Forget about making money, it will suck in what you have

There are plenty of strategies on trading Forex. They are based on various forecasting systems that have been developed over decades. However, the accuracy and reliability of these systems is not always the same, and it is sometimes very difficult to figure out which strategy will be working and suitable for you. If you are looking for a better strategy, but have not found anything good enough yet, pay attention to the basic techniques described in this article.

We have chosen two strategies for working on Olymp Trade Forex especially for you. These strategies have repeatedly proved their efficiency. We hope that you will find useful at least one of them. This trading strategy is good for trading various instruments, including stock, currency, cryptocurrency and other assets.

To enhance the result, use it with indicators, graphic and candlestick patterns. In our example, the SMA indicator is a conditional benchmark for the market balance. If the asset price is much higher than the SMA line, we can expect the quotes to return to it soon. In screenshot 1, there is a typical situation for this strategy: the chart has risen too much in relation to the SMA and we opened a short trade.

We remind you that you can buy and sell currencies, commodities and crypto assets on Olymp Trade. However, it is just one of the ways how one can use the strategy.

You will find the description of other mechanics below. Step 1 : switch to the candlestick chart with a timeframe from 1 minute to 4 hours. You have already come across the first type of the signal —a search for overbought and oversold assets. In the first case, the chart should be much higher than the indicator line. In the second case, it should be below that line. Unfortunately, one cannot specify the entry point using the SMA.

But even if you are guided by a rough estimate, the asset price will return to its balance sooner or later. Many traders use the RSI or Stochastic Oscillator indicator to confirm the signal, which clearly shows overbought and oversold zones screenshot 2. The second way of getting a signal is more reliable: you should wait until the SMA line is broken and the the first candle appears after the breakout.

In screenshot 3 you can see the candles, which must close right before you make trades. Stop loss or closing a position with a negative result should be set behind the SMA line. In this case, everything is logical: we close a losing trade when we get the opposite signal. There is a third way to earn on the SMA : you should add one more. We will search for the intersection of two SMAs as a signal. The new average will act as a signal, as it is more sensitive to the asset dynamics.

The longer the timeframe of the chart you analyze, the higher the probability of getting a quality signal. In some cases, the Stop Loss recommendation from the SMA strategy we have previously described remains relevant. In screenshot 5, there is an example of a trade made using the first method of trading Forex with SMA, which resulted in doubling our investment within one hour.

Some traders open trades right before the report is published. However, there is a much safer way:. There you will find the most important economic news in different countries.

Please note that there is a flag of a country next to each event in the second column. This means that the currency of this country is likely to react to the news. The report on US oil reserves, which has greater impact on the dynamics of oil trading than on the USD, is the only exception.

Such situations are not so good for trading, as soon as the market is hardly ever enthusiastic about them. If the indicator in the country is better than expected, it is better to open a long position on its currency. For example, we chose the UK in screenshot 7. Its official currency is pound sterling GBP. Go to the trading platform and open the list of assets. To make the search easy, enter the abbreviation of the currency you need. To make money on the positive news, you have to buy the pair, where the currency of this country comes first.

Or sell the pair where this currency takes the second place. In screenshot 7, we indicated a positive report in the UK. Against this background, we should long the British pound.

The reverse condition applies to opening a position after negative news or a financial report comes out. The result of the strategy is presented in screenshot 9. The news supported the British currency. The market does not always quickly react to the report. In our example, the chart did not show a defined trend in the first hours after the news release, but the pound strengthened significantly within one day.

This way, we have showed you some of the most famous strategies for trading on Olymp Trade Forex. If you have never used market analysis techniques before, start with the ones presented above. As time goes by, you can improve these instructions and someday become an author of the best strategy for working on Olymp Trade.

In conclusion, I would like to remind you of the most important rules for using strategies:. And do not forget to watch webinars on Olymp Trade. Everyone can ask a company expert any question about trading.

Start trading. Crypto trading: how to determine whether a broker is reliable? Username or Email Address. Remember Me. SMA indicator and trading the news. The SMA method of market analysis This trading strategy is good for trading various instruments, including stock, currency, cryptocurrency and other assets.

Screenshot 1 Screenshot 1 However, it is just one of the ways how one can use the strategy. Step 2 : set the period of a SMA indicator. Step 3 : start searching for a signal. Screenshot 2 The second way of getting a signal is more reliable: you should wait until the SMA line is broken and the the first candle appears after the breakout. Screenshot 3 There is a third way to earn on the SMA : you should add one more.

Trading news on Olymp Trade Forex Novice and professional Forex traders always study the economic calendar very carefully. However, there is a much safer way: Step 1: open the economic calendar — screenshot 6 There you will find the most important economic news in different countries.

Step 2. Screenshot 6 Step 3. After the news comes out, compare the readings in the Actual and Forecast columns. Screenshot 7 Step 4: Open the trade. Screenshot 8 The reverse condition applies to opening a position after negative news or a financial report comes out. Screenshot 9 The market does not always quickly react to the report. In conclusion, I would like to remind you of the most important rules for using strategies: 1.

Each trade must be justified by the strategy signal. Be sure to use Take profit and Stop loss in Forex mode. Use your demo account to test new methods of price analysis. Combine various methods of technical analysis. Tags forex trading strategies. Risk warning: The information provided does not constitute a recommendation to carry out transactions. When using this information, you are solely responsible for your decisions and assume all risks associated with the financial result of such transactions.

Related posts. Important Factors in Trading Forex Forex markets are influenced by a variety of factors. Perfect volatility trading We recommend that you use the digital currency market not for long-term investing, but for gaining profit on intraday volatility. Choosing a trading platform is an essential part of successful crypto trading.

Multiplier In this article, we will tell you how to realize your most daring trading ideas, even if you do not have enough money to invest. Stop Loss and Take Profit Success is just a matter of time. At times like th However, before getting into the Forex markets, traders should Join Us!

Editor's Picks. KYC instructions for India 7 min read. The Olymp Trade platform changes 1 min read. Olymp Trade Login and Registration 3 min read.

Olymp Trade unravels 5 myths about Online Trading

Mobile phones today provide their users with so much. 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? Olymp Trade has made it possible to earn money through mobile apps.

Olymp Trade launches in the Middle East

It enables them to purchase a portion of a stock instead of spending hundreds of dollars on a full share. Fractional Units will become available starting January 31 in conjunction with the start of the Lunar New Year celebration on the platform. Therefore, its participants will be the first to test the new feature in practice. Apart from this exciting opportunity, the event brings many benefits including gifts and bonuses. With Fractional Units, Olymp Traders will be able to make investment decisions based on the amount they have rather than on the market price of a whole share. It gives anyone a chance to dabble in trading the stock market regardless of the size of their investment capital. On the platform, the feature will be located in the Stock Price Trade tab. Today, many traders want to invest in fast-growing companies like Tesla or Google.

Olymp Trade Broker Profile

Whether trading stocks, forex, or options these tips and tricks will help you increase the percentage of winning trades. Trading is not only a skill but, rather a practice of maintaining certain habits. However, there are Olymp Trade hacks that if used correctly are just as important than the basics of trading. Newer traders often overlook the economic calendar.

Olymp Trade launches fractional units

This enables them to buy a single share of stock instead of spending hundreds of dollars on a full share. Partial units will become available starting January 31st with the start of Lunar New Year celebrations on the platform. Therefore, its participants will be the first to test the new feature in practice. Apart from this exciting occasion, the event brings many benefits including gifts and bonuses. With fractional units, Olymp traders will be able to make investment decisions based on the amount they hold, rather than the market value of the entire stock.

Olymp Trade Rebates

It enables them to purchase a portion of a stock instead of spending hundreds of dollars on a full share. Fractional Units will become available starting January 31 in conjunction with the start of the Lunar New Year celebration on the platform. Therefore, its participants will be the first to test the new feature in practice. Apart from this exciting opportunity, the event brings many benefits including gifts and bonuses. With Fractional Units, Olymp Traders will be able to make investment decisions based on the amount they have rather than on the market price of a whole share.

What is the secret weapon of successful traders? Olymp Trade knows the answer

Volatile market conditions and employment security concerns are a problem. However, there is good news. Trading online with Forex and other assets allows investors large and small to maintain or increase their income.

forex trading on olymp trade

It enables them to purchase a portion of a stock instead of spending hundreds of dollars on a full share. Fractional Units will become available starting January 31 in conjunction with the start of the Lunar New Year celebration on the platform. Therefore, its participants will be the first to test the new feature in practice. Apart from this exciting opportunity, the event brings many benefits including gifts and bonuses. With Fractional Units, Olymp Traders will be able to make investment decisions based on the amount they have rather than on the market price of a whole share. It gives anyone a chance to dabble in trading the stock market regardless of the size of their investment capital.

2 Basic Strategies for Trading Forex on Olymp Trade

So Forex Olymp Trade transactions are different from any other options and options that will suit you better than this article Vietnam Trade Olympics will help you find out. Forex is also known as foreign exchange through the exchange of currencies between countries with participants based on the price change of currencies to recover profits. Forex is a very big market with a lot of trading activities of different currencies taking place daily all over the world with the average amount of money traded immediately up to trillions of dollars. You can buy 1 EUR for 1. Depending on your trading volume, the difference between when you buy and sell can be small or more.

Will this market be above this price at this time? Pick yes or no. What's your weekly market forecast? Define your knock-out boundaries.