How to make money on "Olymp Trade": secrets and reviews

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

The lack of reliable investment products in the CIS, available to small capital, has become fertile ground for the development of dealing companies. They offer traders the opportunity to make exchange transactions in financial markets: Forex, stock and commodity markets, binary options. The latter, due to a simpler algorithm for making and supporting transactions, have become especially popular. Olymp Trade, Binomo, IQ-option, Binex and others are widely known today, and their services are the reason for unceasing dialogues about the possibility of such earnings. And how to make money on Olymp Trade and other options without risk, you need to understand in detail.

The basis of earning on options

A binary option is an exchange investment product that allows you to increase your capital. In countries with well-developed financial markets, options have become ancillary tools for the functioninglarge companies. Due to them, risks are hedged, and a more competent and reliable financial policy is implemented. An option is a commodity that reflects the direction of the analytics. Wanting to make money on the growth of the quote, the trader buys a call option, and expecting it to fall, he buys a put.

Such a transaction is limited in time, that is, it has its own expiration date. Then the position will be closed and the profit will be paid if the forecast was correct. An error in forecasting will result in the loss of the amount for which the option was purchased. Knowing this principle, it becomes clear how to make money on Olymp Trade. To do this, you need to take an option on any financial instrument and analyze its behavior. Expecting a price increase, you should buy a call option, predicting a decrease in quotes - buy a put (that is, sell).

By the way, the "Olymp Trade" interface does not even have a hint of established terminology, which is probably a way to be closer to a client who has no idea about the functioning of the options market. Probably, the company simply did not want to destroy the patterns in the minds of their clients, and therefore they do not have the desire to explain to their novice traders that any transaction with an option is always a purchase. It lasts for some time, and after expiration, the broker will accrue profit or fix a loss.

Conclusions from Olymp Trade customer reviews

Before registering a trading account, you should correctly understand whether it is realistic to make money on Olymp Trade. Because binaryoptions are time-tested financial instruments on which a significant part of the economy of countries with developed financial markets relies, then there is no doubt about their reliability. The same should be said about the Olymp Trade broker, and the reviews cannot and should not refute this, since the positive ones are written by the team of the marketing department, and the negative ones are regurgitated by offended incompetent clients.

Perhaps many losing traders have a different opinion, but, as published on the website of the independent regulator The Financial Commission, the broker is distinguished by high transparency of accounting and excellent speed of execution of transactions. Also, Olymp Trade is regulated by the non-profit private organization CRFIN, which, of course, does not guarantee reliability, but it has its own weight. So, if everything is transparent with the broker on the legal side, and technically excellent, then the service itself should be considered very good. In reviews of the broker, this is usually not emphasized, which again indicates the illiteracy of the client audience.

What is good about Olymp Trade?

The broker really helps a disciplined trader who understands his money management rules perfectly. Trading operations of such a user will give profit without the risk of losing the initial deposit. However, this means that you need to come to a broker with a solid store of knowledge and a well-honed strategy, backed up by reinforced concrete account management rules. A trader must clearly understand the situation in the market inthe current moment and rely only on its analytical system, entering into transactions of a fixed volume.

This tactic has a mathematical advantage, but is practiced by a handful of successful options traders. And the vast majority of beginners cannot synthesize their trading strategy, as they come to a broker without knowledge. At this point, the customer acquisition strategy and marketing come into play. But with this, Olymp Trade sins greatly: trading strategies with an unfixed volume of a transaction are imposed on the client, which does not have a formal justification for entry points. Moreover, this is presented in the most destructive form, and legal tricks are used to protect the broker.

One of the dark sides of Olymp Trade

As part of an advertising campaign, the broker publishes videos of supposedly real trading sessions, where, thanks to the use of any of the described tactics, a serious amount is earned quickly and without mental stress. This new client is being fobbed off with the idea that there is no need to learn the trade as it is enough to look at the chart and use the doubling system on losing trades.

With these examples, the broker dispels the beginner's doubts and shows whether it is possible to make money on Olymp Trade. However, the client is given a hint beforehand that there is some simple trading tactic that corrupt bloggers often describe. In fact, during the familiarization phase, it pays off, as in the first trading sessions, beginners are not particularly aggressive in buying options. Andat first, they can earn by gaining confidence in the effectiveness of the strategy.

However, one should understand the motives of a broker who gives a certain strategy. And for this, you need to figure out how Olymp Trade itself earns. This company is a typical representative of the so-called "kitchen". Of course, there is nothing wrong with such positioning of services with a clean track record, however, a trader's profit is a loss for Olymp Trade, and a client's loss is a profit for the company.

This means that it is profitable for the broker to keep a lot of unprofitable clients, which is best suited for a system that has been perfectly tested by roulette services. This is martingale - a strategy for doubling down after losses. To understand whether it is possible to make money on Olymp Trade using such a strategy, it is important to highlight its negative side. It is ineffective at a distance, because due to non-observance of simple money management rules and lack of control over losses on the wave of excitement, a significant part or all of the deposit is lost.

It is precisely to the excitement of trading that Olymp Trade itself is pushing, both directly and indirectly. Directly - when a beginner is being trained, and indirectly - by collaborating with bloggers and creating online images of financially successful people trading with Olympus. Of course, these persons do not earn as much as indicated. By demonstrating on video, they show the effectiveness of the strategy of doubling rates. But a beginner should understand that such videoscan be recorded not the first time.

The client may be lucky, but a literate person will not build a system of earning only on luck and using a betting system that does not have a mathematical advantage. So is it possible to make money on "Olymp Trade" as shown in the video? Yes, you can, but only a couple of times, because the loss takes a significant part of the deposit, which, after losing 50%, becomes almost impossible to return.

Second sin "Olymp Trade"

The second sin of a company is hiding information about successful tactics. Of course, the broker does not need to publish balanced strategies, since anyone can earn on Olymp Trade. But in order to really teach a client to trade, one should explain simple things about quotes and their dynamics, as well as about financial markets. This is not done in the company, and this vulnerability is closed by a legal trick. As a result, the broker earns more on ignorance, and the trader would not open most of the transactions and would not lose up to half of his funds, knowing about such a trick of the company. Indeed, half of a trader's losses happen in the first days of his real trading.

Conclusions and recommendations for traders

As a conclusion, it should be said that this broker is quite capable of providing high-quality dealing services, because it is really possible to earn money on Olymp Trade in unlimited quantities. But this is available only to a competent trader who controls his risks well and works on largetimeframes. By building your system and examining its statistics, you can make a significant profit.

It should be understood that "Olymp Trade" earns a lot of money on the illiterate majority. And the company will not interfere with a successful trader, even if he takes her profits, because he earns only her miserable crumbs. And he certainly will not generate technical interference for successful trading. Otherwise, the formidable regulator will terminate its membership in the CRFIN, which for a broker with offshore jurisdiction will be the beginning of bankruptcy or a change of legal entity. Become a reliable disciplined trader with your trading and risk management system and make a profit, because it is more than real to make money on Olymp Trade. But not excitement and recklessness, but discipline, cold calculation and strict adherence to the points of the strategy should become your main tools.