Open an account in Olymp Trade
Opening an account with Olymp Trade. Registering yourself on the platform is the first step in opening an account. Go to the Olymp Trade website or app, fill in the registration form, that will require your name, e-mail address, phone number, preferred currency (euro or dollar) and a secured word that you don’t use elsewhere.
OlympTrade platform offers two forms of trading, Olymp Fixed Time Trades and Olymp forex trading. When you’re opening an account for the first time you’ll be registered to the Olymp Fixed Time Trades, this the one people usually trade on most. Olymp Fixed Time Trades are set on expired time or in time duration. While Olymp forex trading supports trading both long and short while keeping the assets at the current rate. The trade duration is also unlimited. With no spread, you can pay to execute trades.
The second you register Olymptrade you get your demo account. Another type of account that is offered on Olymptrade live account. To help you try out your skills at trading and getting you familiar with the process, the demo account offers $10,000. That way you don’t lose your investment. But you can switch to the live account anytime you want.
So it is advised to practice trading in the account before you start investing in the real market. Learning with a demo account is great because you are given access to an assistant, support and video materials. Once you are confident about trading skills, you should decide to go and trade live.
Going Live with Olymp Trade
Olymp Trade offers two kinds of live accounts, Regular and VIP Account. Between both, as the name suggests, the Olymptrade VIP accounts offer some exclusive features that aren’t available to regular accounts. To upgrade to a VIP account, you have to deposit more than $20,000. The perks of having a VIP account includes.
Up to 90%* profit margin with a high return on investment.
Investment can be done as much as $5,000.
A personal consultant to aid you in trades.
Provides daily market reports.
However, to start a small regular account is not a bad choice. You will even deposit as low as $10 and you’re all set. The standard account serves feature such as.
The maximum yield of 82%*
The minimum deposit is only a dollar per trade.
Maximum deposit on a trade is $2000
No withdrawal fees required.
Login Olymp Trade + deposit bonus up to 50%.
Olymp Trade Process
After depositing the money all that is left is investing. This can be done whenever you want, the process requires no hassle and is quick and seamless.
Choose a favorable asset: In this arena, Olymp Trade presents a lot of Fixed Time Trades. As a member you can invest in 36 pairs of currencies, 2 pairs of cryptocurrency and 10 cryptocurrencies against USD, 13 worldwide large companies, 10 stock indices, and 6 commodities. You can choose to trade on gold, platinum, BMW, Facebook, Ripple, etc.
Select the amount you want to invest: Your investment is going to affect how much you wish to make in Olymp Trade. The regular account allows investment up to $2000 in trades. The extent of profits or losses will depend on how much you invest.
Select the time of trade: You can select a time frame for your trade to determine its period, starting from a minute to 3 hours – this is a sort of expiry period for your trades. If you’re a beginner it’s best to start from short periods.
Predict the trend for an asset: This is the main part, you’ll have to whether the price of the concerned asset will rise or not within your preferred period. Getting good at this skill means more profits and an amateur no more.
Wait for your set time frame to end: If your forecast turns out to be accurate you will gain more profits and if not then loss inevitably.
Having fun is just as important
Olymp Trade is a fun way to earn if you can strategize. To succeed in this field there is no alternative to being patient, keep yourself updated with useful trading information. Choose a broker suiting your needs and manage the trades like you’d your businesses. Use the demo account https://www.forexof.com/p/create-olymptrade-account.html to your advantage and don’t push yourself too hard. Instead of treating it like a desk job, treat it like a hobby. Celebrate the profits but don’t be a sore loser, losing is also important to gather experience.
* If your deal wins, you get a profit of XX% of your investment.
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