This is to provide the capability to trade anytime, anywhere for everyone who is a trader at the platform. The Olymp Trade app is available on your smartphones allowing you to make transactions easily and most conveniently. Today, I will guide you on how to trade in Olymp Trade using the app for smartphones. Follow the article to turn your phone into an online money-making tool with Olymp Trade.
Video on how to trade in Olymp Trade using smartphones
How to trade in Olymp Trade with smartphones
In the previous post, I showed you how to download the Olymp Trade app. After downloading, log in to your existing Olymp Trade account. If you do not have an Olymp Trade account, please register one in the box below.
To enter a trade in Olymp Trade using smartphones, do as follows.
Step 1: Select the 1-minute Japanese candlestick chart
The Japanese candlestick chart is very convenient and easy for analyzing when you trade in Olymp Trade using smartphones.
Step 2: Select the Bollinger Bands technical analysis indicator
Bollinger Bands is an indicator with very high accuracy and very easy to use when trading in Olymp Trade. Set up this indicator so you can trade with a higher success rate.
First, select the Indicator item and then navigate to Indicators.
Next, select Bollinger Bands.
Step 3: Set up parameters and enter a trade in Olymp Trade using smartphones
On the Olymp Trade app for smartphones, the simplest and easiest type of trading is FIXED TIME trading (trade with a fixed expiration time). Here, I will show you how to open a FIXED TIME order.
(1) First, choose an expiration time for the transaction.
(2) Choose the amount you want to trade.
(3) Open an UP order if you think the price will be UP within the selected expiration time or a DOWN order if you think the price will be DOWN.
You can refer to the example in the instruction video. I opened an UP order when the price created a red Japanese candlestick to touch the middle band (SMA 20) of the Bollinger Bands indicator. This is a signal that the price will increase in the future.
After opening the order, you just need to wait and see the results of opened orders. You can open the “History” to review the results when the transaction is finished.
In addition to the trading strategy in Olymp Trade using the Bollinger Bands indicator above, at howtotradeblog, we offer a lot more trading strategies and methods that are very effective and offer a very high win rate. You can refer to here.
Trading in Olymp Trade using a smartphone app is the best way for you to make money from Olymp Trade when you don’t need a bulky laptop or PC. I hope that our tutorial article will help you experience Olymp Trade on your smartphones better. Goodbye and see you again.