Olymp Trade - opinions

[Jerinerge]

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And what about bitcoin? It has a very large spread and the higher its rate, the greater the spread. How one can trade with it then?

[Backid]

I was worried about the same question. I watched for a while. Bitcoin chart on Olymp doesn’t coincide with any exchange. However, the direction of movement, that is, the trend, usually coincides.

[Xissetis]

How long have you been into Olimp Trade? I have been trying to try myself in this area for quite a long time, but I am constantly in doubt. The question constantly arises whether there really can be earned. My friend advises me best slot games, but I would like to hear the opinions of other guys.

[Jerinerge]

Are you saying that if bitcoin grows on bitfinex, it will grow on olymp as well? Well, it's a matter of time. I mean everyone will have to spend time checking it out.

[Vulmaran]

I'm searching for simple strategies to work on the forex market with the Olymp broker.

Such strategies are numerous, yet in my experience none of them resulted in steady income
If you really want to earn, choose something more serious than MA and RSI. Though I recommend you to learn the basics all the same, including the indicator strategies, graphic analysis, level trading, and all the basic information in general. You'll find plenty of info on the Internet. Be careful though - some random websites might misinform you, so you'd better choose trusted sources. In fact, you might as well check out the Olymp Trade website, they seem to have a nice library of strategies. Or probably that's on their Youtube channel, I'm not quite sure... anyway, just check it out. The good thing is, with Olymp Trade you'll get a chance to practise with a demo-account as much as you like, for it's a free option here. And the execution on the platform is close to perfect - no delays, it's all prompt and accurate.
The only thing I'd recommend you concerning Olymp Trade is, you'd better opt for a fast strategy. Scalping or intraday is fine, but no mid- or long-term strategies - they won't work for you. Olymp Trade favors deals that are quick to open and to close, and you should keep this in mind if you plan on maximizing your profits.

[Qurani]

All exchanges have their own charts. Keep in mind.

[Jerinerge]

Thanks for answers. I don’t like the fact that OT does not accept cryptocurrency for payment. I have a little dash. Probably, I’ll have to transfer it to some exchange and trade there. I don’t want to pay a commission for converting into dollars.

[NozyCraziiTear]

As for me, I'm trading levels. Despite being a basic trick of technical analysis, this method is not so simple as it might seem at first sight. There are always options, a level might be several pips higher or lower. As a result, experience is crucial.
There's definitely a nice set of strategies on Olymp Trade website. In my time, I studied them all. They might be too simple for trading, but it definitely won't harm if you master them. That way, you'll create a framework, on the basis of which you'll further develop your own individual strategy.

[Backid]

What for? I think the broker provides more opportunities to earn than the exchange. There is no leverage on crypto-exchanges. You’ll have to trade for several months to double the capital. This is at best. On Olymp, the deposit can be doubled in 5 minutes. Watch the video on youtube. Again, if you withdraw profits from the exchange, you will be charged with a commission. You still have to pay a commission. I’m not trying to convince you, just compare the conditions.

[Vulmaran]

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As for me, I'm trading levels. Despite being a basic trick of technical analysis, this method is not so simple as it might seem at first sight. There are always options, a level might be several pips higher or lower. As a result, experience is crucial.
There's definitely a nice set of strategies on Olymp Trade website. In my time, I studied them all. They might be too simple for trading, but it definitely won't harm if you master them. That way, you'll create a framework, on the basis of which you'll further develop your own individual strategy.

I also think that methods of technical analysis are the most efficient. I myself prefer trading levels, often using figures like Head and Shoulders or Double Top. Besides that, it's also useful to watch different timeframes. For that aim, I employ a separate platform for technical analysis on Olymp Trade.