Olymp Trade - opinions

[MoriaAX]

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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.

Sounds like you do have a problem with overreacting under open position pressure. To tell the truth I don’t think that switching to options trading can help here. Meditation is probably something you might need to try.

[Cegas]

Thanks for suggestion. In fact, I do find options trading to be a bit more relaxed. You see, in every trade whether its forex or options you do make a decision once, define the levels where your desired scenario is no longer valid and then put in take profit, stop loss to that scenario-turning point and wait. But when I trade forex and price goes up and down I can actually see how my profits or losses go up and down pip by pip. In options I know that I either win or lose, regardless of how far price goes from the entry point. This means that I don’t have to worry about each pip. I only worry about the overall direction.

[Vulmaran]

Was it demo trading or live account?

[Cegas]

Two weeks of demo trading, than I funded account with little money and keep doing trades with under $5 risk each. I have to admit that even though the risk is small, I get a bit more nervous with live trading account. I think I might need to take the meditation suggestion into serious consideration However, overall I was correct. Trading options at OLymp is less stressful that forex trading. I’ll keep you posted whether it is more or less profitable that forex. Not enough statistics yet.

[Edorable]

Investments in Forex and other continuous lottery. Most of them lose. Without special knowledge and unreal luck there is nothing to do. Better sports betting.

[Prier1990]

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[ZainMeza]

Things that I'm thankful that I learned this from AstroTrading.co about what Is a risk free trade? This is an investor's right to make a trade with a specific quantity of cash without running the risk of any kind of funds. If the projection is right the individual obtains the revenue they have actually made. If it's incorrect, the quantity of a risk free trade is returned to the investor's account.

[ColbyLim]

Things that I'm thankful that I learned this from AstroTrading.co about what Is a risk free trade? This is an investor's right to make a trade with a specific quantity of cash without running the risk of any kind of funds. If the projection is right the individual obtains the revenue they have actually made. If it's incorrect, the quantity of a risk free trade is returned to the investor's account.

I do agree with your learning from AstroTrading.co and sound interesting. How do I start trading in the Olymp trade?

[usmi7]

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

i am glad you are looking for the same broker like me. i just came to know about this regulated broker. i will recommend you to take a look and i hope you will find enough information about Olymp broker there. if you came to know something new about it, then please don't forgot to share with me. i will be very thankful to you. best regards

[weber44]

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

Hello, i will highly recommend you investing demo account first. it will help you to understand the system of olymp broker. i am guessing you are interested to invest in either Binary Options or Forex. if you want to invest in Digital Options or in CFDs then i will recommend you to go with iq-option. both the platform have their own advantages. if you want to learn the complete difference between them then i will recommend you to take look here: https://www.trusted-broker-reviews.c...s-olymp-trade/. i hope it will guide you properly about it. best wishes for your success. Thanks