Olymp Trade is now an online financial investment channel that is invested by a large number of investors around the world. Today, howtotradeblog will guide everything about the Olymp Trade trading platform, especially for beginners. How to open an account, to make a deposit, to trade, to make money, to withdraw, and to verify the Olymp Trade account are all available. You can see the details in this article.
What is Olymp Trade?
To be able to make money in Olymp Trade, you first need to know what Olymp Trade is. Olymp Trade is an online financial trading platform that uses derivative financial instruments (commodities, currencies, stocks, etc.) to help traders find profits. This is a leading reputable platform that was established and has been operating from 2014 to the present. Over nearly 10 years of construction and development, Olymp Trade offers traders the opportunity to make great profits in a short time. It serves as an effective passive income channel.
If you want to learn more about Olymp Trade then here is our detailed review of this broker. You can check out:
How to make money in Olymp Trade
The simplest type of transaction that you can use to make money here is the Fixed Time Trade. That is, you will predict the uptrend or downtrend of an asset over a fixed period of time. If your prediction is correct, you make a profit. If your prediction is incorrect, you lose money.
To better understand this type of trading, you can review here: What is Fixed Time Trade in Olymp Trade?
Does trading in Olymp Trade make you rich?
Rich or poor is a relative concept for each person. $50 per day can be a small amount for one person but a big sum for another. Depending on the amount of capital, you will get the number that you expect. You can’t imagine becoming a millionaire for just $100.
For example, Traders at How To Trade Blog (this website) deposit $300 into Olymp Trade and trade. Every day, he withdraws $50 to his bank account. This amount, to him, is reasonable.
Details on how to make money in Olymp Trade from A to Z
Step 1: Register for an Olymp Trade account
To be able to make money in Olymp Trade, you need to have an account for trading. First, click on the red box below to create yourself an Olymp Trade account. Registration is very simple. You just need to enter your email and password and then you will have an Olymp Trade account.
You can review here the fastest and most accurate way to open an Olymp Trade account: The fastest and most detailed guide on how to register an Olymp Trade account.
Or if you want to install the Olymp Trade app on your smartphone, you can download it here:
Step 2: Deposit money into Olymp Trade and trade to make a profit
To top up and trade in Olymp Trade you need to have a bank account such as a Visa card or a crypto wallet with the lowest amount of $10. This is the amount you will deposit to trade and make money. Here, I will guide you to deposit into Olymp Trade via Visa/MasterCard.
After registering an account and logging into Olymp Trade, the interface will be as below. First, select “Make a deposit”.
Next, enter the amount you want to deposit (minimum $10) and then click“Deposit”.
After that, a window appears. Fill in the information of your Visa card and click “Pay” to deposit.
You only need to wait a few seconds for the money to be credited into your Olymp Trade account. If you do not have a Visa card, you can top up using other payment gateways supported by Olymp Trade. Below are the articles on how to make a deposit using other methods in Olymp Trade:
How to make money through trading in Olymp trade in the simplest and most effective way
To be able to make money in Olymp Trade, you need to open profitable orders. Here is the safest and most effective way to trade Olymp Trade for beginners.
(1) First, you choose the Japanese candlestick price chart. This is the chart type used by the majority of Olymp Trade traders.
(2) Next, you choose the candle time period for the chart at 1 minute and set up the Bollinger Bands indicator (3).
Finally, select the asset pair with a high profit rate of 80% or more (4). Here, I choose the Ripple cryptocurrency as the trading asset.
How to effectively open an order with the Bollinger Bands indicator in Olymp Trade
Please focus on observing. When the price creates a candlestick that closes outside the upper band or lower band of the Bollinger Bands indicator, enter the trade.
For example, I will open an UP order when a red candle appears out of the lower band. The expiration time will be 1 minute. The amount of capital is up to you to choose. So, I bet on the next candlestick which will get out of the bands will be a green one.
Statistics show that up to 95% of candlesticks will be within the Bollinger Bands indicator. The remaining 5% candlestick will be out of the bands. This deems to be a good signal for you to open an order. Therefore, this trading strategy is safe, simple, and very effective for you.
In addition, this trading strategy using out band candlesticks in Olymp Trade, at howtotradeblog we have many other effective strategies to trade in Olymp Trade. You can refer to:
Step 3: Withdraw money from Olymp Trade to your bank account
This is the last step in the process of making money online from Olymp Trade. Once you’ve traded and earned yourself a certain amount of profit, you need to withdraw money to your bank account.
First, click “Withdraw” to request a withdrawal.
Next, a withdrawal window appears. Enter the amount you want to withdraw and choose the form of withdrawal. For example, if I want to withdraw money to my ACB bank account, I need to fill in my name and bank account number. Then, click on “Send a request” to submit your request for withdrawal.
Here’s how to withdraw money to your bank card or Visa card. In addition, Olymp Trade also supports withdrawing money to e-wallets and online banking. You can see the following articles if you need to withdraw money using these payment gateways:
Notes: When you trade and make a steady profit in Olymp Trade. Before withdrawing, the platform will ask you to verify your account’s identity. You can see this article to know how to verify your identity in Olymp Trade:
Today, making money passively online is a very developed channel that many people choose to increase their income. Trading in Olymp Trade is a good choice for you. It is especially for those who do not need too much knowledge about investment and markets. The article on how to make money in Olymp Trade in detail from A to Z should close here. Goodbye!