Can You Make Money Everyday From Trading in Olymp Trade?

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The major goal for everyone I have interacted with in my adult life is to attain financial freedom. 

We all want to quit the rat race and begin eating life with a big spoon.

But what are the various avenues available for one to attain financial freedom? Is trading one of them? Can you really make money everyday from trading?


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And if so, do you really know how to trade?

To want to start making money trading every day, you would first want to understand what trading is.

So what exactly is trading?

What is Trading?

Candlesticks with long upper and lower wicks and small bodies

Trading is a simple concept.

It entails speculating on the prices of different assets among them currency pairs, stocks, commodities, indices, ETFs, Cryptocurrencies, and many other assets on the asset market.

As you speculate on where the prices are headed, you make money if the price goes in the direction of your speculation.

And there are two trading modes in most trading platforms. Fixed time mode and Forex mode.

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If you decide to trade Fixed Time Trades on any asset, you will earn a fixed percentage of the invested amount if the price closes in the direction of your speculation after the specified duration.

If trading Forex, on the other hand, you earn as much money as the price moves in the direction of your speculation – until you close the trade either manually or automatically using a Take Profit.

There is a catch though.

It is not all earning without losing.

We have only talked about cases where the price goes in the direction of your speculation.

What about in cases where the price actually goes opposite the direction of your speculation? You lose money!!

If trading fixed time trades on any asset, you lose all the invested amount if the price closes in the direction opposite that of your speculation after the specified duration.

If trading Forex, on the other hand, you lose as much money as the price moves in the direction opposite that of your speculation until you close the trade either manually or automatically using a Stop Loss.

Profitability in Trading.

What the above means is that profitability in trading is based on winning more and losing less.

It is the only way you can emerge profitable.

Mind you, if you lose more than you win, then the net effect is a loss.

Those trading Forex can maximize on their winners and minimize their losers.

They may actually lose more trades than they win and still emerge profitable because winning trades earn them dozens of what losing trades take from them.

Fixed Time trades on the other hand have no option but to win more than they lose or alternatively use a money management system that enables them to recover and gain ahead.

Can You Make Money Everyday From Trading?

Forex this, Fixed Time that, but still, the question remains.

Can you make money everyday from trading?

Well, I don’t have the guts to give an absolute answer at this point, but I can show you how to ensure you make money every day from trading.

After then, you can answer the question yourself. Sounds interesting, right?

Here are the conditions to be met in order to make money every day from trading:

  • Read to be Ready.
  • Choose a Reliable Broker.
  • Make Use of the Demo Account.
  • Formulate a Trading Strategy.
  • Use Money Management.
  • Tame Your Emotions.
  • Have Realistic Goals.
  • You need Money to Make Money.
  1. Read to be Ready.

I won’t lie to you that you will just wake up one day and without the knowledge of what you are doing, go ahead making money trading.

If anyone ever said that to you, then you will have to really ask yourself lots of questions about them. Are they really being genuine with you?

You must acquire knowledge about the various markets, brokers, analyses, and most importantly, how to trade.

Imagine me telling you how to make money everyday trading yet I haven’t told you that you need to learn how to trade first? How ridiculous would that be?

Find E-books to read, articles, watch tutorials and understand what trading is and how to go about it.

Where should you get trading materials to read? The internet of course.

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The internet has made everything easy and almost every material that you can think of is available at the touch of a button.

  1. Choose a Reliable Broker.

Having a reliable broker is as important as knowing how to trade.

Why do I say so?

Because you cannot make money with a broker which is out here to steal from you or make your life difficult by holding your money.

With some brokers, yes you will make a deposit and try trading, but you might never even withdraw that money.

They are called Scammers and if I tell you that they do exist, you gotta believe me.

Do not just open an account with a broker for the reason that they are a broker.

They might even give you fat welcome bonuses or any other incentives but don’t fall for it.

Do your research first before you can open an account with any broker.

Aren’t there thousands of reviews about any other product online?

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Then why don’t you make use of such reviews to see which broker you can rely on and which one to run away from? You will have saved yourself a lot of headaches by doing so.

  1. Make Use of the Demo Account.

Once you have a good and reliable broker, then you can open a demo account with them.

Don’t rush to depositing money right away.

These markets aren’t kind to anyone sometimes and you may just have signed up for the whacking of your life.

So what is a demo account?

An account loaded with virtual funds by your broker, funds whose profits cannot be withdrawn.

The purpose of having a demo account is to practice trading risk-free under real market conditions.

Imagine you are experiencing the same market conditions which real traders are, but you are on a demo account meaning you aren’t using your own money.

That beats anything else, right?

This step of using a demo account can never be skipped by anyone who wishes to start making money daily trading.

It is here on a demo account where you get to learn what works and what doesn’t.

You can then stick to what works and improve it until you have a solid strategy that consistently makes you money.

It is such a strategy, if it proves to work, that you can then employ on a real account.

You will remember I always say that what works on demo will also work on real because both account types are under the same market conditions.

  1. Formulate a Trading Strategy.

Trading and gambling will never be used in one sentence.

Quick money is not the language of a trader. Rather, consistent money is what we talk about in this game.

For consistent money to come flowing into your pocket out of trading, it won’t be by mere luck or chance.

You must have a strategy by which all this happens. You must make it happen by using a solid trading strategy.

So do you remember where strategies are made?

On a demo account, not real.

Use that demo account to make mistakes and correct them so that you can know what works for you, to use it as a strategy.

A trading strategy can be formulated from not only technical indicators but also using price action and other concepts which you will learn while reading.

Once you have the knowledge, use it on demo and formulate a trading strategy.

If the strategy proves to work on a demo account, test and back-test it severally to rule out the possibility of mistakes.

If all is well, then it is time to go live and make real money.

Make no mistake. Without a trading strategy that has proven effective on demo, don’t dare go live. Disappointment awaits there.

  1. Use Money Management.

Money management is the secret to protecting your account so that you will still be here tomorrow and the day after to make money.

It doesn’t add up to deposit today and blow the account shortly after, just because you didn’t make use of money management to stay afloat the turbulences of the market.

Fixed Time traders can apply money management strategies such as the Martingale system.


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This entails doubling your trade size every time you lose and going back to the original trade size if you win.

Winning trade with double the initial amount not only recovers your lost amount but also grows your account further.

There is a catch here though; because this doubling might as well milk your account dry if you keep losing the trades you take with doubled amounts.

It means you need a solid strategy and enough money for this kind of trading.

Forex traders must ensure they use stop-loss orders and maximize their winning trades as they minimize their losing ones.

Stop-loss orders save your account from depletion because they only expose the percentage of your account you are willing to lose.

If a trade proves to be winning, a trader can choose to ride on such a move to earn maximum profits.

On the contrary, if a trade proves to be losing, you can close it early cutting further losses.

In your reading, you will come across many other money management systems that you can use. Money management is the only way to guard your account against depletion while looking at possible ways to grow it.

  1. Tame Your Emotions.

If you step into the markets with fear, greed, unnecessary confidence, or any other emotions, be sure that you might not emerge profitable.

At some point, whoever is a profitable trader today had to begin being emotionally detached from their trades to attain success.

Acting out of emotions has a way of driving you away from the rules of your trading plan, only to have you finished off.

But how can you ensure your emotions have no input in your trading?

By practice, dear, practice.

You do not become better by just being, but by doing something towards becoming better.

A rolling stone gathers no moss and so is like you.

I am sure that if you set out to become an emotionally detached trader from your trades, you will win with time.

Another way you can shun emotions is by sticking to your trading plan or strategy even on bad days.

If you begin breaking the rules just so that you don’t hurt your account too much, just know that emotions have begun their work in ruining your whole trading career.

To be safe, when these times come, just call it quits and go take a breath.

  1. Have Realistic Goals.

When we asked if you can make money every day from trading, we didn’t specify how much.

So how much is money to you?

Is $5 a day money enough on your terms? What about $50 or $100 a day? How much really, is money to you?

So many questions and all I want you to realize is that your targets, whether daily or weekly or at any other interval you set, must be realistic.

How much balance do you have in your account right now? How much do you want to gain by the end of the day?

If you ask most successful traders, they may actually shock you to tell you that they earn only up to 20% of their account monthly.

Show me what quick money there is in earning a mere 20% of your account monthly. None really, and so that is exactly the point.

Trading is not one of the avenues to make quick money or get rich quickly.

It is a system that rewards patience, mastery, and realistic expectations.

If you target to double your account in a minute by investing all you have in your account in one trade, then blowing the account is a minute away.

Tame your expectations, minimize your account exposure, and employ patience. You will make something, no matter how meager, and such is a step forward.

  1. You need Money to Make Money.

A common saying that is, right?

You need money to make money.

You cannot make money out of the blues. What ready does this saying mean?

I am sometimes shocked by newbies who want to deposit a mere $10 and then want to make $100 on that same day they made the deposit.

What principles are you really applying here?

Gambling and quick money of course, and that is where you might have gone wrong.

If you want to make big money trading, then you need to make a big deposit, holding other factors constant.

Making a big deposit may, however, not guarantee success because you must have met all other conditions stipulated above as well.

Including having the knowledge, a reliable broker, a solid strategy, and emotional, detachment among others.

Whatever you do, just be rational.

A small account will give you equally small gains while a huge one has the potential for huge gains, only if you know what you are doing.

Big accounts also do blow, if the trader knows nothing about trading.

Final Thoughts.

At this point, I will not show any reservations about answering the question. Can you make money every day from trading? Yes and No.

You can make money every day from trading if you meet the above conditions and understand what you are doing.

However, if you break the rules and don’t understand what it is that you are doing trading, you might never make any money.

I would rather be honest, candid, and frank with you, so that you do not make any mistakes.

Makes sense?

Happy Trading!

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Profitable businesses to start in Kenya in 2019

Top 10 Profitable Business Ventures in Kenya: Tried, Tested, and True

If there’s one thing I can confidently speak about from a wealth of personal experience, it’s the world of business. By working in various business fields over time, and starting ….

11 comments
Business Ideas in Venezuela

Top 10 Profitable Business Ideas for South America.

Let me guess, you want to leave full-time employment to concentrate on your own stuff. But despite being sure that you want to start your own small business in 2024, ….

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How to make money in Kenya without capital: Become a TikToker.

Top 10 Online Jobs In Kenya That Pay $10k+ Per Month

If you are looking for online jobs in Kenya, then this article is for you. Here are the top 10 online jobs in Kenya that you can do to earn ….

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Selling NFTs

Top 10 NFTs to Buy to Get Rich in 2024

The price of NFTs is continuing to rise as more and more people flock to the crypt0 space. It’s only a matter of time before we see another BTC-like explosion ….

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Top 10 Multilevel Marketing Businesses That Are Trending In Kenya

Top 10 Multilevel Marketing Businesses That Are Trending In Kenya

In this article, we are going to look into the top 10 multilevel marketing businesses that are trending in Kenya. But before that, confession time. I have no affiliation with ….

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Most profitable business ideas 2022

Top 10 Most Profitable Business Ideas in Kenya, 2024

Starting a business isn’t always an easy thing to do. Why? Because there are a lot of things involved before you can open your doors for business. Some of these ….

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Cash apps to try in 2022

Top 10 Make Money And Earn Cash Apps To Try In 2024

If you are looking for some ways to make more money in 2024, then this list of apps is perfect for you. There are so many options out there, but ….

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How much is Kenyans.co.ke worth

Top 10 Kenyan Bloggers Making Ksh. 1M Monthly Blogging

Last year May — if you gave me an option to choose between full time employment and blogging I’d have picked full time employment without thinking twice. That’s because blogging ….

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Boda Boda Business Ideas in Kenya - Businesses That Will Make Money

Top 10 Businesses That Will Make You Money in Kenya in 2024

There is no denying that for 90% of new businesses in Kenya, the sole objective of starting a business is to make money. But, what if you started a business ….

0 comments
Best Telegram Channel for Forex

Top 10 Best Forex Channels For Telegram Signals

Telegram is a popular messaging app that allows users to send and receive messages, photos, videos, and other files. It also has a feature called channels, which are groups where ….

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Affiliate marketing Korea

Top 10 Affiliate Marketing Sites And Networks to Join in Korea

There are many Affiliate Marketing sites out there, but which are the best to join to make money in Asia in 2023? We have compiled a list of the top ….

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Best trading books for 2020

Top 10 ‘How to Make Money Books’ to Read in 2023.

If you care about your Finances, you must have found yourself reading a book or two on the same topic. Leaders read and if you have to lead as concerns ….

0 comments
Download TikTok

To The People Who Still Won’t Download TikTok, What’s Your Reason?

There are some people who still refuse to download TikTok, and we’re not sure why. This app is one of the most popular social media platforms in the world, and ….

0 comments
What are NFTs?

Tips for Investing in Cryptocurrencies – 5 Top Cryptos to Consider in 2024

The cryptocurrency market has experienced enormous growth over the past decade, and it is set to expand to new heights in 2024. There are thousands of options for crypto investors, ….

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earn money by chatting with strangers

TikToker, Earns $7,000 Chatting Men, Recommends ToChat

Earn money by chatting with strangers. Before this post, did you know that such a thing even existed? Well, while the notion might raise eyebrows, you can indeed make money ….

0 comments
Post Your First Video on TikTok

TikTok Business Ideas for Beginners for 2024

This blog post is all about TikTok business ideas for 2024. If you’re just getting started with TikTok and you’re not sure what kind of business you want to create, ….

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Creating engaging videos on TikTok - Download TikTok

TikTok Business For Beginners – How to Build an Audience with TikTok

Are you looking to grow your TikTok account? If so, you’re in luck! In this blog post, we will discuss some tips and tricks that will help you grow your ….

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Personal computer and smartphone repair services in Malaysia

The Ultimate Guide to Growing a Finance Blog

The world of finance has a lot of moving parts and is in a constant state of flux. The advice you share on your blog today may not remain relevant ….

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Popcorn business in Kenya

The Ultimate Guide for Starting a Popcorn Business

You are on the street walking around and your attention is caught by a Popcorn vendor outside some shopping mall. You can’t resist the urge to go get a packet, ….

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The One on One Guide of Options Trading

It hurts, doesn’t it? You opened an Options Trading account hoping to become rich overnight. You invested a lot of money in your first trade and lost. Invested more in ….

1 comment
Selling NFTs

The Most Profitable Ways to Make Money Selling NFTs

Recently, the crypto community has been swept up in a frenzy over Non-Fungible Tokens (NFTs). But what are they and why should you also want to get one? NFTs are ….

0 comments

The Best Forex And Options Trading Apps of 2023

There are a number of ways you can make money in 2023. Broadly, you can choose to be employed or be self-employed. I usually have a problem with that part ….

0 comments
Play to earn crypto games - Earn free NFTs

The 3 Best Play-to-Earn Crypto Games in 2024

Do you ever wish that your childhood dream of becoming a billionaire could actually become a reality? If you are reading this, the answer is probably yes. The idea of ….

0 comments
The 10 Best Online Trading Courses for 2022.

The 10 Best Online Trading Courses for Brazil

To be successful in online trading, it is important to have the right training and education. But which online trading academy is best for online trading lessons? Is it one ….

0 comments
Tahsin A. from Bangladesh became Trader of the week on Quotex platform, he earned $42 711!

Tahsin A. Earns $42 711! Becomes Trader of the week on Quotex

Are you ready to be inspired by a remarkable trading journey? In this exclusive interview, we share the story of Tahsin A., a dedicated trader hailing from Bangladesh, who today ….

2 comments
Suna west mp Peter Masara attacks Migori Governor over hoodwink projects within the county

Suna West MP Peter Masara Attacks Migori Governor Over Hoodwink Projects Within the County

Suna West Member of Parliament Peter Masara has again outrightly called out the governor of Migori County and his administration for the misappropriation of funds and underdevelopment evident in the ….

0 comments
What causes stocks to change

Stocks Trading for Beginners: Buy Your First Stock Price on Olymp Trade.

Are you looking for a guide on how to trade stocks on Olymp Trade? You’ve come to the right place! In this blog post, we will walk you through the ….

0 comments
Starting a Business for 10K

Starting a Business for 10K | Low Cost Businesses to Try in 2024

Can you start a small successful business with 10K? Of course, you can! And nothing should hold you back in 2024. Not capital. Not lack of business ideas. And certainly ….

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eCommerce business

Start an eCommerce Business in Kenya With Ksh. 1,599

What’s the most unique business that I can start in Kenya to enjoy profits & monopoly for at least one year! Any ideas? An eCommerce Business? There isn’t a single ….

1 comment
Tiara and Toppers - Start a small bakery business in Kenya

Start a Small Bakery and Earn 2,000/= Daily Baking Cakes from Home

Which is the most profitable business that I can start with almost no capital to earn Ksh. 2,000 daily in 2024? How about you start a small bakery at home! ….

4 comments

Start a Beauty Shop With Ksh. 2K to Make 5K= Daily

Starting a beauty shop with a limited budget is indeed a smart move, especially considering the potential for profitability in the cosmetics industry. Let’s delve deeper into the insights provided ….

23 comments
Spectre.ai Affiliate

Spectre.ai Affiliate Program. Earn Up to $3,650 For 10 Traders

This is for you if you want to start making money in Forex, crypto, digital options, or EPIC without trading. This is for you if you want to be a ….

1 comment
Uhanya beach in Bondo

Sorrow as Epileptic Man Drowns in Uhanya While Taking a Bath

Sorrow in Uhanya village as a 26-year-old man drowned and died in Uhanya Beach Bondo Siaya county. This sad turn of events happened on Tuesday at 6 pm as the ….

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Small scale business ideas

Small Scale Business Ideas for New Entrepreneurs

Are you looking for small scale business ideas that you can start now or in the next five years? If so, you have come to the right place. In this ….

1 comment
Skillshare affiliate - Learning, Online Learning

Skillshare Affiliate | How to Make $100 With Your Phone Today.

What are you currently using your phone for? Posting photos on Instagram? Posting videos on TikTok? Or just to view status stories on Facebook? Did you know that you could ….

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