Olymp Trade has 2 types of trading which are Forex and Fixed Time. But most traders choose Fixed Time Trade. It’s simple, fast, and easy to make money. So, do you know what Fixed Time Trading is? In how many ways can you trade? In this article, I will guide you in detail.
A detailed video about Fixed Time trading
What is Fixed Time Trade?
Fixed Time Trade (FTD) is a form of trading with a fixed timeline of your choice. You will then predict whether the price will rise or fall (UP or DOWN) with this fixed timeline. If your prediction is correct, you make money. If not, you lose money.
You can understand it more simply as: You choose a specific timeline in the future. And then you predict whether, at that time, the price will increase or decrease compared to the current one.
In essence: FTD is a type of financial contract. You agree upon rewards and risks before opening this contract. You can actively choose an expiration time for this contract. It can be 1 minute, 1 hour, 1 day, or even 1 week. And you will know whether you win or lose when the contract ends.
Is Fixed Time Trade reputable or fraud? I answered that through this article: Fixed Time Trade ís not a scam, and it is legal worldwide.
In Olymp Trade, there are 2 ways to trade FTD. They are (i) trading with a time frame and (ii) trading with a time point.
Two ways to trade FTD in Olymp Trade
Trade with a time frame
You can understand it more simply as: You will choose an expiration time frame. You then predict whether the price will increase or decrease and open an order. After that time frame, if you predict correctly, you will make money. If not, you will lose money.
You open an UP order with the EUR/USD pairs in Olymp Trade. The expiration time frame is 5 minutes.
Exactly 5 minutes later, the transaction will close automatically. And the price of the EUR/USD pairs is UP compared to the price at the time of opening the order. You win and earn money.
Trade with a fixed time point
You can understand it as: You choose an expiration time point. Then, you predict that, at that time point, the price will increase or decrease compared to the current time. If you expect prices to rise, open an UP order. If you expect prices to fall, open a DOWN order.
You open a DOWN order with the EUR/USD pairs. The expiration time point is exactly at 21:11
At 21:11, the price FALLS lower compared to the time of opening the order. You win and earn money.
Above are 2 ways to trade FTD in Olymp Trade. You can review and practice it on a Demo account. Wish you success!