Olymp Trade - opinions

[Qurani]

Many people will say that the forex platform is more preferable in terms of risk, and binary options are akin to gambling in a casino. It's too risky for a beginner to start with options. A pair of wins and prudence will give way to excitement. I would still advise starting with the forex platform.

[Mokae]

Does it mean that options are here for traders to bail? It's unfair.

[Backid]

I find that binary options are extremely risky. Let along that one trader needs to have substantial knowledge regarding functioning of underlying market. It is better to stick with regular financial markets like Forex, equities or commodities

[Qurani]

For me personally, both types of trade are good. Most of the time the market is in the flat, I use forex platform at such moments. And when the market is predictable, options make it possible to extract the maximum benefit. My record is four winning options in a row in ten minutes)))

[Backid]

A question about the broker. I have never seen charts with one line. So, this line is called the price basically, right? Usually there are two prices on the charts. Supply and demand, as far as I understand. Why does Olymp trade have only one price?

[Mokae]

I think this is done with a view to simplify the trading process. Olymp focuses on newbies. It is easier to work without spreads.

[harryjosh]

How much you're looking to invest? I think strategies depend on your investment.

[DennyPhantom]

I agree, it really sounds interesting. If you are interested in the topic of sports betting, I can say that I understand this quite well. I can give a couple of tips. The first thing you need to do is find a reliable betting portal. Here it is https://1xbet.co.ke/ a pretty good and reliable option. There are pretty quick payouts, as well as a user-friendly interface. Next, you need to understand what is better and more profitable for you to bet. I advise you to read a couple of articles on this topic. Feel free to try and I advise you to start small

[Backid]

That's clear. But it's not clear how to compare prices in case I want to understand whether the price for bitcoin is reasonable here or not. The issue of trust is fundamental. Especially for beginners.

[Qurani]

The chart formation formula is (BID+ASK) /2 This is how it's stated in the regulations. On the one hand, the decision to reduce the chart to one line is natural, since in the beginning Olymp started with options, which don't require two prices. Then Olymp added the forex platform and, in order not to change anythings, it has introduced a commission for forex. The commission equals half of the spread. This applies to all assets, including bitcoin. During the periods of increasing volatility, the commission increases, too. This is a further proof to that.