Hello, readers of howtotradeblog. It has been a long time since my last article – Mr.Joker – appeared on the blog. In today’s article, to mark my return, I will bring you a new effective strategy to make money in Olymp Trade. It is trading gold in Olymp Trade to bring profits for yourself. Let’s see how I did it and why I chose gold as an asset to trade in the past few days in Olymp Trade.
Why should we trade gold in Olymp Trade at this moment?
The main reason why I choose gold to trade in Olymp Trade is: Gold is a commodity with large fluctuations in price in recent times. It’s especially when Covid 19 is devastating the global economy. Gold emerges as the safest haven for investors at this time. Trading gold during this period is reasonable because the large fluctuations in the gold price will easily help you make a greater profit when trading.
It’s just as simple as that! Now I will show you how I have earned over $400 when trading gold in Olymp Trade.
How to make money when trading gold in Olymp Trade
Here are my results in Olymp Trade on December 16. 5 Fixed Time transactions with a total capital of $700 brought me more than $400 in profit. This is proof for one thing: Making money in Olymp Trade is not difficult. It is only difficult when you do not have enough experience and knowledge.
Please do not assume that: With a picture and some winning orders, I want you to believe that what I’m saying is true. I don’t need you to be too concerned with those numbers. Because if you believe, you may even lose money faster and more in Olymp Trade. The purpose of this article is to give you practical knowledge and experience when trading in Olymp Trade. So, read on to understand what I mean.
EMA and price action
These are all I used to turn opportunities into profits in Olymp Trade. In a more specific way, EMA helps me identify the main trend. The EMA is the moving average with the least lag compared to the price path. Therefore, using EMA will make it very easy for you to know what state the price is in. Price action is the breakout of price and creating a new trend. When all eyes are on gold, the gold price will continuously “dance”. And that is when the opportunity to make money comes to you.
Review Fixed Time orders when trading gold in Olymp Trade
In this section, I will explain each order so you can understand how to trade gold in Olymp Trade. Read it carefully because you will get a lot from this Fixed Time trading strategy.
1st order: Gold broke out of the price of $1854. This was a strong resistance formed earlier. At the same time, the EMA was pointing up, indicating a strong uptrend. Opened an UP order with an expiration time of 15 minutes. I won.
2nd order: The gold price continued to break the $1858 resistance with a Bullish Marubozu candlestick. It signaled that prices would continue to increase. Opened an UP order. I won.
3rd order: It was still a breakout from the support with a Bearish Marubozu candlestick. Along with that was the EMA 30 which was heading down. Opened a DOWN order. I won.
4th order: There is no trading strategy that brings absolute victory. And in fact, it is! On the 4th order, it was still in the same condition but I had to pay $100 back to the market.
5th order: The purpose of this order was mainly to recover the loss from the 4th order. The way I opened this order was different from the previous orders. A Pullback candlestick appeared in a downtrend (EMA was pointing down). Opened a DOWN order. I won.
That’s exactly how I did to make a profit in Olymp Trade. There is no need for any deposit and withdrawal videos because this article is not to make you believe in it. This is just merely for sharing and exchanging.
I look forward to hearing from you. It can be a comment or sharing your trading story in Olymp Trade. You can share anything because this is a blog to help us trade better every day. Thank you for reading the article.