You want to earn money as quickly as possible in Olymp Trade. You want to multiple your balance by x4, x5, or x6 within minutes, don’t you? If so, you’ve chosen the right article to read.
I had an afternoon full of sweat with a lot of emotions when making this video: Turn $60 into $360 within 4 minutes by trading. So, please take a look at least once.
The fastest way to earn money in Olymp Trade
All you need to do to make money quickly in Olymp Trade is to use compound interest and trade Fixed Time with the 1-minute time frame.
What is the method of managing capital with compound interest?
Compound interest (aka Snowball capital management) is a method of using the capital and profit to invest in subsequent orders. This is the way to maximize profits when you win an order.
You can understand it more simply as you start with a small amount of investment for the first order. If you win, you continue to use both interest and capital (all in) to invest in the next order.
For example, I used compound interest in Fixed Time trading
A $60 balance and 3 orders opened within 4 minutes. I earned $360 (sextupled).
If losing: You lose $60.
Wow! So you are allowed to be wrong 6 times, and just 1 correct time you will get your capital back. And the story is: Do you dare to exchange? Because the compound interest method is only suitable if you meet some of the conditions.
Conditions for using compound Interest in Olymp Trade
Extremely high win rate
This is the most important thing if you want to apply compound interest in Olymp Trade.
Because compound interest is to use the capital and profit of the previous order for trading. So without a high enough winning rate, you will lose all your results.
Where to stop in trading
A stop is extremely important in trading. You want to make money quickly in Olymp Trade but specifically how much money. How many times are you willing to go All in? And if you lose during the process, are you willing to give up and stop?
Are you wondering: Why in the video above, did I only trade and win 3 consecutive orders and then stop? The reason is simple: I’m willing to lose $60 or even $198, but I’m not ready to lose $361.
When you use compound interest in trading, you certainly will. The more you invest, the heavier the mentality is. And the greater the pressure is, the higher your losing rate will be.
Be sure that you have a principle to stop yourself. It could be either making enough money as wanted or winning 3 or 4 orders in a row. Whatever, but you definitely have to stop.
Master your emotions
Certainly, nothing is for sure. This wordplay is extremely true in trading. Even if you are a Forex or Fixed Time trader using any tools or methods, you will never win forever.
And one of the most inhibiting feelings, when you use compound interest in Fixed Time trading, is to lose at the last order within the last seconds. You lose all the money you have won before.
Your emotions will fluctuate like a price chart. Sometimes, you feel excited, hoping for bigger profits. Sometimes, you get disappointed or down for losing all the money you have patiently earned before. This is the time when most of your decisions become wrong.
The Snowball (compound interest) method is like a double-edged knife. It can bring you huge profits. But it can also make you lose everything.
So, I hope you’re smart enough to know whether or not to use it. As for the video above or the title of the article which is The fastest way to earn money in Olymp Trade, don’t bother about it too much.