Here’s the truth: Most Olymp Trade Option investors don’t get to earn immediate returns on their short trade investments.
Most people lose and end up quitting
In fact, a recent study has shown that only 25% of traders end up making profits. And that’s if there is consistency in their trading habits — for a period not less than 5 months.
The same study reveals that in order to have long term success, a trader has to be correct 54.5% of the time.
Do you think that’s a winning percentage you can crack on your own?
I’ll assume you find it difficult. Else, why would you be reading this post?
To increase your wining streak?
Lucky for you, I have been a live account trader longer than you have been trading on your demo account.
And for that reason I have discovered countless-uber-useful-strategies that should guarantee you a new wining percentage. An 80% win. If not 95%.
But hey, who doesn’t want to be right 80% of the time when they can’t even maintain a 54% correctness?
In this guide I will teach you how to make money with Olymp Trade. But first let’s understand the basics because understanding this product goes a long way to determine if you will get your invested money back with profits. Or if you will continue to loose.
And I doubt you want to continue investing and loosing.
What is Olymp Trade?
Olymp Trade is a platform for trading in the financial markets.
Anyone who wishes to engage in online investment can trade with either Olymp Trade Option or Olymp Trade Forex.
These are two separate accounts with totally different interfaces.
To further understand the products in their simplest forms; let’s define each — in separate means. So;
What is an Olymp Trade Option Account?
An olymp trade account is the simplest and the most used trading account.
If currently you are trading with the Olymp Trade platform then there is a great chance that what you are using is an olymp trade options account. (this doesn’t answer the question?)
If you don’t already have an account and haven’t seen the interface yet; then know that an Olymp Trade Options account is the interface used to make option deals which are either: –
1) Based on time duration (from one minute to several hours) Or are
2) Based on expiration time from 1 minute.
Do you want to open an Olymp Trade Options Account? Visit the Olymp Trade Website.
How do Forex Accounts Work?
Olymp Trade Forex Accounts are used to open long (hoping the price will go up) or Short (hoping the price will go down) positions at the current price with an unlimited duration of the trade.
There is no spread (the difference between buying and selling) but you’ll have to pay a fee when executing trades or if you hold them to the next day.
Get $10,000 Demo Credits: — Create a Forex Account With Olymp Trade
Learn How to Trade Forex lest it be you this meme imitates
If I Get This Strategy Right; How Much Will I win?
The overall investment returns in Olymp Trade depend on very many different factors.
1) Your Account Type
Olymp Trade has two different account types. The Standard Account and the VIP Account
a) To activate a standard account in Olymp Trade, make a minimum deposit of $10 and yay. You got yourself an active account with the following benefits: –
1) 82% maximum yield.
2) $1 minimum deposit
3) $2000 maximum trade amount on different assets
4) $20,000 maximum trade amount on different assets
5) Withdrawal fees — no fees charged
Learn how to trade with $10,000 free demo credits: — Create a Standard Account With Olymp Trade
To gauge how much you can win with your standard account, multiply your investment amount by 82%. Example if you invest $100 your ROI will be $182
b) On the same breath, you can deposit a lump sum of $20,000 or more to activate a VIP account and get these benefits.
1) An increased return on the assets; that’s a 10% higher return than that of standard accounts
2) An increased maximum trade amount of $5000
3) A personal VIP consultant who provides support (teaching you online trading strategies)
4) You get daily market review among other privileges.
5) Maximum withdrawal time period of 1 working day
Get Free $10,000 Free Demo Credits: — Create a VIP Account With Olymp Trade
Remember, you can still trade with $1 or make $10 minimum deposits after becoming a VIP
To gauge how much returns you will earn on your investment — multiply your investment amount by 92%.
Example — If you invest $1000 your ROI should be $1920. In like what? A minute trade?
How Kenyans make so much money with olymp trade.
How to Maintain a Consistent Winning Streak in Olymp Trade Option
While most traders assume that there is no guaranteed way of maintaining a consistent win with Olymp Trade; I say they haven’t traded long enough to know that the opposite of this statement is true.
Else why would this company have their average payouts increase by 7% each month? Why?
Tell you what, huge payouts like what we see in the platform’s data for the month ended ($ 7 969 557) only proves one point.
So many traders are wining.
The $ 148 071 562 trading volume yet proves another point; thousands of investors trust Olymp Trade Option and Forex so much as to execute repeat trades.
And if you are not wining with the rest then here’s what you are doing wrong: –
1) You Dived Too Soon into Trading With a Real Account
I don’t blame you. It is human nature to read, hear or see the success of others and want to copy them to get the same success.
But copy paste and over ambition rarely work with Option Trading.
In fact, you could struggle to make riches all your life only to loose everything overnight because you copied someone else.
It has happened to popular traders like the notorious rogue trader Nick Leeson. The 28 year old who lost $1.3 billion trading and John Rusnak who lost $691 Million in different trade.
But how do profitable traders like George Soros do it?
How did he manage to broke the bank of England in his short trade of 1992? Trading $10 Billion to walk away with an extra $1 Billion in minutes?
Here’s the secret.
Unlike most people who open new accounts and almost instantly deposit real cash to trade on a real account; these people study trends and master strategies before executing trades.
Knowing what to trade and when to execute the trade gives them leverage
2) You bypassed Trading on a Demo Account
The reason why all trading platforms create virtual accounts for beginners is to give traders a training platform.
Olymp Trade Option offers $10,000 Free demo credits
Virtual cash which when used for initial trades guarantee that;
a) You will have figured out the platform in 10 minutes
b) Understood the charts and trading principles in 1 week
And only after picking these two points can you be fit to deposit your cash into the platform and try trading with a real money. (this should be after a month of trading with your demo account).
3) You have not traded longer to start earning real profits
Now this’s the part that no trader ever wants to hear. But it is the truth. It takes 1 solid year for a consistent trader to begin making stable profits off his account.
Over this period the most laid back trader performs an average of 350 trades with an average deposit of $1400.
How much have you invested into your Olymp Trade so far? $10? Traded 10 times and expect what?
Bruh! Check your head. Statistics don’t lie.
But we can set statistics against itself and still win. And not just win but win so much that you are going to be sick and tired of wining.
Use these Strategies to Keep Wining With Olymp Trade Option
To maintain a 95% winning with olymp trade or with any other platform, you need to do the opposite of every negative trading practices that we have discussed in this post.
If you dived in too soon into trading with a real account, why not take some time off; go back to your demo account — figure out the platform which you are using, understand the principles of trading and the charts and only trade when you have understood the dynamics? Click to tweet this tip
If you are into reading, visit the Olymp Trade Education Site to learn more about Forex and Options.
If you are into Videos, Olymp Trade has a variety of trading videos. Visit their YouTube channel for frequently updated webinars, strategies and analytics.
My parting shot — Making the best forecasts with financial markets is easy ( you should already know that if you’ve read my article on — How to Earn 100,000/= Daily in 2019
what’s difficult is, being correct all the time.
And to be honest, we can’t be correct all the time but we can continue experimenting new strategies to be right most of the times.