Making money is a plan. You can not make money at any job or industry or field within several days. And also in Olymp Trade, you must have a process of learning, understanding, and practicing the basics with the Demo account. After a long enough time, you can earn money through real trading through 3 other Olymp Trade accounts.
It is an inevitable route for anyone who has just started trading in Olymp Trade. And there are 4 types of accounts in Olymp Trade, which are suitable for each stage of development of every trader. In this article, I will introduce and evaluate the pros and cons of each account type.
The video introduces Olymp Trade account types
4 types of accounts and routes for beginners in Olymp Trade
Stage 1: Familiarize yourself with the Olymp Trade platform – DEMO account (trial)
This stage must last at least 2 weeks. $10,000 is large enough for you to experience your first-hand transactions. This is the time for you to learn the first and basic knowledge about candlesticks, candlestick patterns, and indicators in Olymp Trade. There is a lot of knowledge you will approach, but you only need to focus on these three main points of knowledge.
If you do not have an Olymp Trade Demo account, please register in the box below.
The biggest advantage of the Demo account is that you can familiarize yourself with the Olymp Trade trading platform. Also, with the free $10,000, you can try to apply trading strategies. It is to verify the probability of winning.
Stage 2: Deposit and manage your money – STARTER account (real)
The difference between a DEMO and a REAL account is to the moon and back. You will be shifted from a place where you don’t suffer any psychological pressure (DEMO), to a place where you will experience all levels of emotion (REAL). You will need time to get used to this.
This stage is not for you to make money. Rather, it is the stage where you learn how to manage and keep your money. At this stage, you will need to pay attention to the knowledge of capital management as well as emotional management. These are indispensable skills for you to manage your money and survive in the market.
Stage 3: Start earning real money – ADVANCED account (advanced)
All you need at this stage is a complete Olymp Trade trading strategy. From how to open orders to manage capital and manage emotions, everything needs to be very accurate.
– Almost everything you need in Olymp Trade is available with this account type.
– The profit (Pay-out) rate of some trading assets can be up to 84%.
$500 is a large number; you have to make sure that you do good during stage 2.
In Olymp Trade, time for approval of withdrawal is up to 1 day.
This can be the stage that takes a lot of your money. Depositing, trading, losing money. It keeps cycling like that. Either you improve yourself and earn money, or you lose time and money in Olymp Trade.
Stage 4: Make money full time with VIP Olymp Trade – EXPERT account (expert)
Unless necessary, you do not need to proceed to this stage. Stage 3 is where you face the greatest psychological struggle. Is it a gambling game called Olymp Trade or a real money-making channel that is worth your pursuit? Only you can answer for yourself.
At this stage, you have really considered trading in Olymp Trade as an investment channel. The $2,000 capital is big enough for you to be really serious about it. In this stage, you will have only one goal – trade and make a regular profit in Olymp Trade.
- The profit rates of trading assets are up to 92%
- Risk-free transactions with 5% of the deposit are available.
- The optimized withdrawal time is within only a few hours.
- The platform offers all privileges such as trading ideas, suggesting trading trends, etc.
The last line
For anyone who participates in trading in Olymp Trade, almost all have to go through the 4 stages above. There are people who leave at different stages. Some people stay. Some people lose a lot. And some people earn a lot with Olymp Trade. The decision is still with you. Once you have made a decision, take responsibility for it. The article will end here. Thank you.