Have you heard about the opportunity to make money on the stock exchange? And about the fact that everyone can start their own business on the Internet? But did you know that the first and the second can be easily combined today without making large investments and without getting a certificate for trading on the currency exchange?
Sounds intriguing, doesn't it? And most importantly, it’s true, and indeed everyone can start trading currencies on the Internet without much effort. All that is required of you to make this trade successful is the desire to learn, access to the network and, of course, a little desire. Many people around the world have thus created for themselves an additional source of income. If this interests you as well, then in the article we will talk about how to start trading, describe one of the brokers in this area and describe the whole process.
Binary options - what is it?
To begin with, we will determine what exactly we would like to do. Trading on the exchange is a fairly wide niche: here you can carry out operations on Forex, extracting profit from how much the rate changes; you can attract investors through PAMM accounts, showing good results. And you can even deal with binary options, which make a profit even in case of insignificant changes in the exchange rate only on the basis of your forecasts regarding the direction of movement of the value of a particular currency. Actually, we will be talking about the latter.
Binary options are a financial instrument. They represent a transaction between a trader and a broker, which is based on the forecast of the first regarding changes in the market. For example, a trader makes a forecast that the pair USD / JPY will become cheaper, and indicates the period after which this will happen. Even if the price of the currency decreases by only one point, the forecast is justified and the trader makes his profit (up to 80 percent of the money invested in the forecast). Sounds easy, right? Due to this, OlympTrade (the trading platform that we will talk about in this article) and many other brokers attract people. Working with binary options seems very simple and one from which everyone can easily make a profit. Although this is not so, in fact options can be a good platform for earning.
Largest trading platforms
Given the popularity of this tool, a large number of options trading platforms have recently appeared. Most of them set fairly “high” (relatively) thresholds for new users to log in - deposits of EUR 100, 150 and 200. Of course, not everyone who tries his strength in trading is ready to give such money for a simple experiment (which such trading is for the majority).
Therefore, very soon a new niche of “budget” platforms appeared, opening up the possibility of forecasting and earning on options already from $ 10-20. We will talk about one of these in this article. It's about OlympTrade.
How to make money on this platform, we, of course, will not reveal in details. The essence of generating income here is not much different from other brokers who promote with binary options. The trader just needs to determine the movement of the course and be "in the black". It's just that you can do it more profitably at OlympTrade (up to 80 percent of the investment is paid here, which is already a good indicator of the market as a whole); as well as with smaller investments (a $ 10 deposit is simply ridiculous and is obviously aimed at attracting more less experienced and serious participants).
OlympTrade: company reviews
What about platform reviews? In fact, there are not so many of them on the network for the reason that they launched the project relatively recently - even the domain was registered only in 2014. Therefore, do not be surprised that there is not so much information about https://Olymptrade.com.
True, from what is, we can note a lot of positive characteristics regarding a low deposit, as well as a simple and intuitive interface of the site itself. Everyone can start trading here with ease - no special training or any special skills are required. The main thing is to be able to work with the options themselves, and not just try to “guess”. As practice shows, one cannot achieve much here by intuition alone.
As for some trading strategies and tactics, you can work them out with the help of a demo account. Everyone can open it, after which they will receive 10 thousand bonus dollars (let's call them "candy wrappers"). You can do anything with them - losing them, you do not oblige yourself. Thus, they can be a great place to start a novice trader.
Working conditions
How is work done here? Very simple - they give you the opportunity to download a convenient client, install it on your computer and after that make predictions regarding the exchange rate. About OlympTrade software reviews say that this is a real assistant, which is quite convenient to work with. The program interface really worked well.
In addition, you must pass proof of identity upon request from the financial department of the company. This is done by sending a color copy of the documents to the OlympTrade email address. Customer reviews indicate that in most cases the administration requests to pass this authorization.
Regarding the separation of profits, as noted above, a trader is promised up to 80% here. In fact, this rate changes depending on the volatility of the market at the time of the transaction.
After the money reaches the account, the client can withdraw it by submitting a corresponding request. It is carried out over 5 working days. It is not surprising that on OlympTrade, feedback on payments is mostly negative, noting delays in their conduct. In general, do not worry - the project pays, so in any case, your money will be credited to your account.
Where to begin?
The logical question asked by all those who are interested in working with options is: “But where to start here?” The answer is simple: register an account. As we noted above, it is better to create a so-called “training” demo account at OlympTrade. Binary options can only be a good way to make a profit if you have experience working with them. You can earn it completely free, trading "candy wrappers".
After you see the whole mechanism of work, you can switch to real money. Moreover, this is easy to do - a low minimum deposit allows everyone to start trading. Just do not rush this - otherwise, having lost money, many write that OlympTrade is a divorce, because of which people lose their investments. No, you can earn money here, but only if you competently approach the very process of trading. You can’t count on luck and make predictions “for good luck”. Otherwise, you really think that OlympTrade is a scam, not an effective exchange tool.
Trading strategies
Another interesting issue that should be raised is the options trading strategies. You can find more than one article on the network on this topic: is there any sense in strategies that are actively distributed and sold on many Internet resources? Their authors and sellers promise that with them you can earn millions on sites like OlympTrade. Feedback on the payments of those who use strategies indicate the alleged win-win of such techniques. But is all this true?
According to experts, no strategy can give a 100% guarantee of winning. And buying them from your hands, you most likely give money to a person who is far from trading options. Truly effective techniques remain with those who come up with them, and bring profit to them. And you can use free strategies as help. At OlympTrade (reviews confirm this) they post such techniques. They are distributed in the form of advice from the administration, whether or not to listen to them - everyone decides independently.
Refill
Oh yes, about depositing money into the account. The above 10 dollars (or euros) can be deposited in the office using any electronic payment system (Qiwi, Neteller, Yandex.Money), as well as using simple bank cards.
General impression
As for the system as a whole, OlympTrade is a trading platform with which you can start your journey in the field of binary options and continue it in the future. Here, both beginners who want to try their hand and experienced traders will feel comfortable. However, you can also go from the first to the last on this site. The main thing, as already noted at the very beginning of the article, is the desire to learn and a little patience.