Is it possible to make money in Olymp Trade without losing? If it is possible, then what are the best strategies to use in Olymp Trade to never lose your money trading?
And, if you had earlier lost money trading with the Olymp Trade mobile app, can you turn things around to begin making profits?
In today’s post, we discuss these Olymp Trade frequently asked questions.
And we hope that by the time you read this post to the end you will have found answers to all your Olymp Trade woes and/or even found the best tricks and tips to use to never lose money trading.
How to Make Money in Olymp Trade Without Losing.
- Use the Olymp Trade Demo Account.
- Trade with Olymp Trade Bonuses.
- Use Olymp Trade Winning Strategies.
- Use Money Management Strategies to Trade.
- Follow Trading Psychology Guides.
- Copy Trades Placed by Professional Traders.
- Become an Olymp Trade VIP Trader.
- Join Olymp Trade Communities.
- Use Higher Timeframes When Trading Alone.
- Use Olymp Trade Risk-Free Trades.
1. Use the Olymp Trade Demo Account.
A demo account is an account type provided by trading platforms to new traders to be used for training purposes.
In Olymp Trade, the demo account comes with $10,000 demo units which you can use to trade risk-free on the real market.
Fun Fact: – While you make so much money trading on the Olymp Trade demo account, you will not be able to withdraw those funds.
See my Demo account balance.
The demo account is merely for practice.
Other than experiencing the real market without funding your Olymp Trade account, you also get to learn how to make money trading with either the Olymp Trade FTT or Forex mode.
Which if you ask me, is a better way to start avoiding losses and to learn how to make money trading.
If you don’t have an account in Olymp Trade, create one here to begin making money with me.
2. Trade With Olymp Trade Bonuses.
There will come a time when you have learned how to trade on the demo account, on Youtube, or even through trading courses and you will want to start making real money.
When that time comes, instead of just making a deposit, use Olymp Trade promo codes in the process to earn trading bonuses.
Currently, the best Olymp trade promo code offers up to a 50% deposit bonus.
Meaning, if you deposit $100 and use the available Olymp Trade promo code, you will get an extra $50 which you can use to trade.
Unlike the virtual cash on the demo account, when you trade with Olymp Trade bonuses and win, you will be allowed to withdraw your winnings.
Try to make enough winning trades to avoid losing money when trading with bonuses.
3. Use Olymp Trade Winning Strategies.
There are more than enough trading strategies for Olymp Trade on both the Olymp Trade platform, Google, and Youtube.
On this blog alone we have written about 100 plus trading strategies that you can use to make money in Olymp Trade without losing.
Some of the best strategies that I would recommend that you use are: –
- The Olymp Trade 5 Minute Strategy
- Olymp Trade 1 Minute Strategy.
- The Crocodile Dundee Strategy
- The Barcode Strategy.
- Tripple Rebound Trading Strategy
- 15 Minutes Strategy.
4. Use Money Management Strategies to Trade.
And when trading for success even with the best Olymp Trade wining tricks, strategies, and bonuses; you want to ensure that even when you put your money on the line, you send with it a bulletproof vest.
Your bulletproof vest here is the money management strategy that ensures that even as you risk growing your account, your trading capital is conserved.
Mastering money management will ensure that you not only trade to win but you trade to make profits.
Some of the money management strategies that you can use in Olymp Trade include: – the martingale money management strategy, the parley strategy, using risk to reward ratio, trailing profits and stop-loss method, buying out losing trades among others.
5. Follow Trading Psychology Guides.
There are times that you will trade and make so much money in Olymp Trade without troubles.
It is at such times that you may get so excited, overconfident, and greedy and start breaching your trading strategies or even money management strategies to make money.
Don’t feel bad for yourself, this happens to just about any trader.
It is normal.
The problem comes in though when your excitement, overconfidence, and greed lead you to trade with more money than your money management strategy allows then you lose.
Other emotions will set in including fear, nervousness, conviction. Do you know what these three emotions will do to you?
Feer will tell you not to double your trading amount for the next trade – to recover your losses.
Nervousness will wreck you up while waiting for the next trade to either end in losses or profits.
And conviction will come in two forms. You will blame yourself why you did not trade with more money to win more. Or why you traded with more money and lost more.
To win in Olymp Trade without loses on your closing balance, try to keep these emotions in check. And if you notice any emotional sway, take a walk and come back later.
6. Copy Trades Placed by Professional Traders.
This may come as a surprise owing to the fact that Olymp Trade does not support trade copying but, it is still profitable to copy someone’s trade to make money without losing.
Where can you access such a service you ask?
You can copy my trade or someone else’s trades by asking them to allow you to join their signals group.
As Joon Online, we have a signals group that’s general to everyone.
You can join here to copy other people’s trades. Or, you can DM me on telegram (@JoonOnlineMall) to copy my trades.
7. Become an Olymp Trade VIP Trader.
Becoming a VIP trader in Olymp Trade has so many benefits that you can enjoy not only to learn how to trade professionally but to also make huge profits.
First, the VIP account gives you a front foot to earn more than everyone else by adding 10% to your ROI.
Other benefits of becoming a VIP include: –
- Getting access to ready-made Olymp Trade trading strategies.
- Getting a personal analyst on standby to call you for trading advice.
Among other interesting perks.
8. Join Olymp Trade Communities.
Sometimes trading alone in the dark could be the reason you are not winning as you want.
Have you ever considered trading that?
So, how about after you have finished reading this post you go to Facebook, Twitter, Quora, Youtube, Reddit, or whichever social platform of your choosing to join and to find out what everyone else is thinking.
It could be that the reason why you are losing while everyone else is winning is that your strategy is outdated.
But how will you know if you keep to yourself?
9. Use Higher Timeframes When Trading Alone.
Instead of trading on a lower timeframe, go for higher timeframes.
Trade on 5 minutes timeframes or more. This not only allows you to see a forming trend but also gives your chart enough time to react to price changes.
10. Use Olymp Trade Risk-Free Trades.
A risk-free trade is a trader’s right to open a trade with a certain amount and if that prediction is incorrect, he gets back the trade amount. All of it.
To get risk-free trades in Olymp Trade, you will need to reach a certain trading volume or get trading points.
Risk-free trades not only allow you to avoid losses but also ensure that your only fate in Olymp Trade is to Keep winning.
It is not easy to trade in Olymp Trade and not to lose anything.
However, you will end up with profits if you follow everything in this guide.
Remember, we also have a signals group that can help you achieve your dream of making money in Olymp Trade without losing.