“An online financial platform has millions of traders all over the world. An investment channel to help you make money every day. A place that anyone can access for only $15. Making money has never been so quick and easy”
Above is all that is advertised by Olymp Trade. Right now, you, like me, have the same questions: What is Olymp Trade? Is Olymp Trade a scam? Can you really make money from this? And most importantly, let me see all the proofs proving the above.
In this article, How To Trade Blog will answer all your questions about Olymp Trade. We will answer you 4 big questions:
- What is Olymp Trade? How to trade?
- Is Olymp Trade reputable or fraudulent? What is the proof?
- Is it easy or difficult to make money in Olymp Trade?
- Should I participate in Olymp Trade?
Commitment: We are traders from How To Trade blog. We do not tell an untruth or entice traders to participate in Olymp Trade. All points made are accompanied by clear proofs that you can check for yourself. Specific proofs will be detailed links attached in red.
What is Olymp Trade? The easiest way to trade in Olymp Trade
What is Olymp Trade?
Olymp Trade is an online financial investment platform, supporting 2 trading forms: Fixed Time Trade and Forex. Olymp Trade operating mechanism is based on price fluctuations of the following assets: Currency pairs (EUR/USD, GBP/USD, JPY/USD, etc.), cryptocurrencies (Bitcoin, ETH, Ripple, etc.), commodities (Gold, Silver, Oil, etc.), and stocks (Dow Jones, Nikkei 225, S&P 500, etc.).
Fixed Time Trade is a form of trading with fixed timelines that you set yourself.
To win a fixed time trade, you will need to 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. Remember: To make money you need to be accurate about both time and price trends.
Notes: Are you wondering if Fixed Time Trade is financial gambling? Or is this a mutation of a multi-level or Ponzi scheme? I can assure you that it is not. I proved that in this article: Fixed Time Trade is not a scam. It is legal worldwide.
Forex is a form of trading based on the increase or decrease in prices.
If you anticipate a price increase, open a BUY order. Conversely, if you anticipate a price decrease, open a SELL order. If you guess correctly, you will get a profit. If not, you will be at a loss. Remember: In Forex, you only need to accurately predict price trends without having to care about specific time periods.
To learn more about Fixed Time Trade and Forex, I will guide in detail how to trade Olymp Trade with these 2 trading platforms.
The easiest way to trade in Olymp Trade
Fixed Time Trade
This is the typical trading type in Olymp Trade. And when someone tells you that they are trading in Olymp Trade. It also means that they are trading fixed time in Olymp Trade.
You can understand about Fixed Time Trade as simple as follows: You choose a specific timeline. And then you predict whether, at that time, the price will increase or decrease compared to the current one. If you predict a price increase, open an UP order. If you expect prices to fall, open a DOWN order.
To understand in the most detailed way, you can read this article: What is Fixed Time Trade?
A detailed video on how to trade in Olymp Trade
4 steps to trade Fixed Time in Olymp Trade
- Step 1: Choose the assets (for trading).
- Step 2: Choose a fixed time (the expiration time).
- Step 3: Select the amount for 1 order.
- Step 4: Open an order. To predict an increase at the expiration time, open an UP order. To predict a decrease at the expiration time, open a DOWN order. Correct predictions will bring you money. On the contrary, you will lose money.
This is a traditional trading form in the world. Trading Forex in Olymp Trade is extremely simple. All you need to do is to accurately predict the price trend.
Video on how to trade Forex in Olymp Trade
4 steps to trade Forex in Olymp Trade
- Step 1: Select the assets for trading Forex.
- Step 2: Choose the leverage and amount for 1 order.
- Step 3: Set the take-profit and stop-loss appropriately.
- Step 4: Open an order. To predict an increase in price, place a BUY order. To predict a decrease in price, place a SELL order.
With Olymp Trade Forex, you will close your trade. Or when the price hits the take-profit or the stop-loss, your order will be automatically closed.
So now you have understood about the Olymp Trade trading platform and how to trade. But, is it a scam? Is it easy to make money? Please follow up.
Is Olymp Trade a scam? What is the proof?
Most forms of making money are easy to disguise, deceive, and disappear without a trace. Naturally, if you are new, you also have the right to doubt if Olymp Trade would be like that. And to answer the question: Is Olymp Trade scam or reputable? We will overall review (check) this platform.
Regarding the criteria for reviewing an online platform, you can read the article: How to review/check a trading platform.
Criteria 1: Olymp Trade website traffic and rankings
Almost all platforms are based on the website. If Olymp Trade is not a scam but a reputable platform, there must be a lot of traffic. At the same time, traders must come from many parts of the world. We will use Hypestat to verify this. Detailed link: Check out Olymp Trade traffic.
Every day, Olymp Trade has about 2.7 million unique visitors and over 3.6 million page views. And the website is hosted in Amsterdam.
There are many traders from around the world participating in trading in Olymp Trade. It is trending in some countries such as India, Brazil, Malaysia, etc.
Regarding the Olymp Trade platform, it ranks the 69th out of the 100 largest trading websites in the world. Link for verification: Check Olymp Trade website rankings in the financial field.
This is proof that Olymp Trade has many traders participating in making money here. At the same time, Olymp Trade is also one of the major financial websites in the world.
Criteria 2: Reviews of the trader community
The trader community is the place with the most important voice about the reputation of Olymp Trade. All proofs of Olymp Trade fraud, scandal, or scam, etc. will be voiced by the community.
Olymp Trade to the international communities
Facebook: Olymp Trade. This platform is rated 4.1/5 stars. It is reviewed by over 2,000 traders worldwide. You can view the detailed link here: Olymp Trade community.
Fxdailyinfo: This is the world’s leading trading platform analyst and reviewer. It has voted Olymp Trade as one of the 3 best Forex platforms in 2020. You can verify yourself here: Best Forex Brokers.
Olymp Trade communities in several countries
In Indonesia, the Indonesian Olymp Trade Community rates the Olymp Trade platform as 4.6/5 stars. This is one of the best platforms in this country. You can verify by yourself at this Facebook link: Indonesian Olymp Trade Community.
In Vietnam, Olymp Trade is listed among the most prestigious platforms proposed by TraderViet. You can see the details at this link: The best online trading platforms in Vietnam.
Criteria 3: Does Olymp Trade manipulate the price of trading assets?
In Fixed Time trading, as long as the platform manipulates the price, you will lose money. If Olymp Trade does this, it is no different from a scam.
In reality: Trading with a short time frame (short expiration time) is extremely risky. Prices fluctuate quickly and are difficult to grasp. Therefore, most traders lose at the last seconds simply because they trade too quickly.
Prices of trading assets in Olymp Trade are guaranteed by VerifyMyTrade Execution Certification. This is an organization that monitors the prices of Forex and Fixed Time trade brokers. It is certified and guaranteed by the IFC – International Financial Commission. You can check the details for yourself at this link: Proofs of asset prices in Olymp Trade
Criteria 4: Review the Olymp Trade trading platform directly
Which organization licenses Olymp Trade?
IFC – International Financial Commission is the organization that has licensed the operation and guaranteed for Olymp Trade. If you have any evidence that Olymp Trade is fraudulent and does not pay traders, please email to this organization at firstname.lastname@example.org. They will pay you $20,000 for compensation. Detailed link: Olymp Trade operating license.
The payment method is a way for you to deposit into and withdraw from a trading platform. These methods must be guaranteed by major payment intermediaries worldwide. And obviously, if the platform has too few payment methods, it cannot develop.
Olymp Trade is currently the trading platform with the most payment methods. You can deposit and withdraw money via online banking of local banks. At the same time, you can also deposit and withdraw through reputable intermediaries such as Visa/MasterCard, Neteller e-wallet, Skrill e-wallet, etc.
Withdraw money when trading is profitable
There are a lot of proofs that you can withdraw money to your bank account if your trading in Olymp Trade is profitable. There may be difficulties in the first withdrawals because you are new and need to verify your account. But after 3 times, everything will be very smooth. And you will not need to wait when making a withdrawal.
At How To Trade blog, traders will deposit, trade, and withdraw money directly to their e-wallet accounts. Therefore, you should read and view our proofs at Making Money In Olymp Trade Blog.
Support and consulting services
Forex Brokers Award 2020. Olymp Trade has become the highest-rated trading platform for customer support and the best analytical tools in 2020. Link for detailed verification: Honoring the Olymp Trade platform from the Fxdaily analyst in 2020.
This is the best evidence that Olymp Trade’s customer support service is the world’s leading.
If you read up to this paragraph, I’m sure you’ve got yourself a conclusion about whether the Olymp Trade platform is reputable or fraudulent.
With over 6 years of operation in the field of finance, Olymp Trade continues to exist and develop. It is becoming one of the top trading platforms in the world. And if you intend to participate in Olymp Trade, register an account in the box below. And we continue the article.
Is it easy or difficult to make money in Olymp Trade?
If you ask me if we can make money in Olymp Trade. Then I can show you a lot of proofs proving that you can make money in Olymp Trade. Withdraw money to your bank account easily.
But if you ask me it is easy or difficult to make money in Olymp Trade. Let me answer:
It is hard, extremely hard.
It’s very simple to trade, but not everyone can make money
“All price movements in the past will continue to repeat in the future.” This is the most classic saying of Charles Dow – the father of technical analysis. And the trading subject was born. It becomes a science based on the characteristics and behavior of past prices to analyze and predict future prices. It is very simple. You can create for yourself a lot of trading strategies by combining a few indicators or candlestick patterns together.
But to make money, you need to repeat exactly those simple things. This means creating a strategy that is proven to have a high probability of winning. Then repeat that strategy regularly with absolute accuracy. And the truth is, not everyone can do this. Because it depends greatly on the principles and disciplines of the trader himself.
So, winning the market is not difficult. But to make money, you have to win yourself.
The platform prepares everything to “warm up” the traders’ emotions
Everything you see when you trade Fixed Time in Olymp Trade affects your emotions. For example, They are the expiration time, the simple interface for easy trading, the high profit rate when winning, etc. All are cleverly arranged to stimulate traders.
For example, For short-term trading (1-minute expiry time), making money easily will raise up your emotions. At that time, most of your decisions will be wrong. Then when traders lose because of this, they blame Olymp Trade for being a scam.
So, if you want to start, instead of learning to trade, learn how to manage emotions. It is the emotions that make you lose money.
Should I participate in Olymp Trade?
There is only one method for you to earn money in trading. Only open orders with high winning probability which you are willing to trade with your own money.
It also means that you need to have a proven trading strategy with a good winning rate (70% or more). It should be accompanied by discipline and patience. At the same time, you need to throw away all things related to emotions such as anxiety, worry, greed, etc.
Read this statement again: “Only open orders with high winning probability which you are willing to trade with your own money”. If you can do the above, surely, Olymp Trade will be a great money-making channel for you.
And if you are not disciplined and lack patience, get out of this website right now. Do not read or try to find out any other articles about Olymp Trade.