Olymp Trade - opinions

[NozyCraziiTear]

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Yeah, their platform for technical analysis is really cool. I prefer using it for analysis. As for the main platfom, I usually just set up the closest levels on it - and open deals, naturally.

[Cegas]

Well, the double in 5 minutes – this is most likely an exceptional case. You will not manage to double it the same way all the time. Before that I was trading on forex and now I’m taking a closer look at the option and Olymp Trade. I noticed that the trading rules are different, but doubling the deposit constantly – I don’t believe in it…

[Vulmaran]

It's not possible to double every time...., and you don’t need it. Instead, it’s easier to receive the profit on options more systematically, than on crypto exchanges. You can easily make 10-20% out of your capital monthly on options. This is the average, of course sometime your monthly results will be even or maybe you will go in red. Still sometimes it’s possible to get up to 50% profit in some lucky deals.

[NozyCraziiTear]

It’s also harder to analyze charts on crypto exchanges. I mean with the help of technical analysis tools. Bitcoin is fine, it is already stabilized as an asset. The most of the altcoins are moving totally unpredictable. If you will try to work with them following the tech analyze – deposit wipe out is guaranteed.

[Cegas]

Ok, I understand that the profit from options is the same as on forex if you are comparing the pro traders. Or even a little bit higher on options, as 10% on forex is considered as a good result. Probably this is a matter of risk management and strategy overall…well, I will open an account on Olymp Trade and play a little bit with options on demo

[Thaterninew]

Hi. Many companies provide brokerage services in the Forex market and access to trading CFDs in stocks, stock indexes, ETFs, energy, precious metals, cryptocurrencies and crypto indices with leverage up to 1:10. Leverage for currencies reaches a ratio of 1: 2000. What are the benefits of trading on the Forex platform? The other day I read reviews about online games on this site https://slotsjudge.com Some of them offer high interest rates. What do you think about it?

[MoriaAX]

Ok, I understand that the profit from options is the same as on forex if you are comparing the pro traders. Or even a little bit higher on options, as 10% on forex is considered as a good result. Probably this is a matter of risk management and strategy overall…well, I will open an account on Olymp Trade and play a little bit with options on demo

This is probably the first time in my experience that I see a trader who wants to try options after having some experience with Forex trading. Usually it happens vice versa. Excuse me my curiosity, but what is the reason you want to try options?

[Cegas]

No secret at all. Options trading fascinates me with its simplicity. I get very tired trading currencies on forex. Each time I need not only to enter the trade at certain price and choose the right time for it, but I can’t relax even after I finally make up my mind about it. Then I need to keep an eye on my opened position and every minute decide whether I wanna close it or not. Olymp options system requires the only decision: whether the price will be beneath or above the current value by certain time.

[MoriaAX]

Thank you. I got the idea. It makes sense. But don’t you think that you can simply apply stop loss and take profit to your forex position and go have some good time while the market is doing it’s job?

[Cegas]

I wish I could! I know some people are capable of applying this method, but to my sincere regret I’m not one of them. I mean I know where I want to take my profits and what is the correct stop loss according to the system. But when it comes to applying this knowledge I turn into a helpless creature, overwhelmed with greed and fear. I either drag my stop loss to break-even before its time to do so, or cut my profits by exiting position too early. I’m not even talking about situations when I move stop-loss further, because price comes too close ( I think that if Olymp's options won’t work for me either, I might need to consider quitting trading at all. This just gets too stressful.