On the question of how to make money on Olympus Trade, there are more secrets than successful traders. Moreover, even notorious beginners who are not able to understand the driving forces of trends supposedly possess them. As a result, the number of articles on earnings and videos showing these earnings is multiplying on the Web. But, pretty littering Internet portals with the same type of content on trading using the doubling system, no one taught the Russian person how to successfully trade. Of course, this publication will also not make a trader out of the reader, however, it will reveal the fundamental secret of options trading.
The main secret of options
Understanding the question of how to make money on Olymp Trade, you should not find secrets and universal recipes. It is only necessary to understand that a successful strategy is based on a mathematically profitable idea, and therefore, the doubling system, widely advertised by bloggers, will not be successful. Profit will be brought in by such tactics, which will provide at least 70% probability of profit. And, of course, to build it, you need to learn to understand market processes and understand who buys this asset and who sells.
Understanding who wins this confrontation between sellers and buyers will allow you to look for good points for buying options. Of course, here the beginner will be disappointed, because it is impossible to make money on Olymp Trade from scratch. To earn money, you need to be a balanced trader, not a fool who hopes that mathematics will pull out all the money management instead of finding competent entry points. This should be learned right now and remembered forever.
For successful training, a beginner should not be shy to merge demo accounts and first learn how to trade on Forex. This will provide valuable experience and possibly distract from binary options. Because in the trading tactics of a successful trader, they are assigned only the role of hedging instruments for medium-term positions.
Algorithmic Strategy Trading
One of the most reliable options trading strategies is algorithmic, which boils down to the formation of a set of rules on the basis of which an option is purchased. And the most competent tactic, but quite difficult to understand, is Sniper 3.2. More precisely, on options, one should apply its adaptation with only one difference: instead of entering a deal, an option is bought after the appearance of a reversal level or exit from the accumulative flat. This is the only difference with the “Sniper” tactics used on Forex.
For such trading, it is better to use the M5-M15 timeframe and set the expiration period for the option at least 30 minutes. Minute charts, so widely advertised on the network, cannot be successfully used for trading, because they are the result of the activities of HFT robots. Therefore, it is not possible to predict high-frequency operations.
It is worth remembering that it is the rules that are the main successful strategy, since it is impossible to trade on the Olymp Trade and make a profit without an analysis algorithm. It is the rules that can eliminate the psychological influence and will allow you to protect your deposit from yourself. And there are no secrets in this activity: you need to understand the instrument and see its participants, analyzing charts on large time frames.
Binary Options Night Strategy
Among the algorithmic strategies, there are those that are based on the features of the behavior of quotes at a certain point in time. For example, the pairs EURGBP, EURCHF, GBPJPY, NZDCHF, AUDCHF at night are in a narrow corridor and move between its borders. Due to the Forex spread, it is impossible to make money at this time, but it is available on options.
Perhaps this is the only way to find an intelligible answer to the question of how to make money on Olymp Trade from scratch. The secrets of the strategy are as follows: after 22:00 Moscow time, on these instruments, presented in the form of candlestick charts, you should find a narrow corridor lasting more than 1.5 hours. Then you should determine its boundaries, designating them by highs and lows. The next step is a visual definition of the channel configuration: almost direct, ascending or descending.
Make a deal
The last stage is the conclusion of transactions. This is a sale from the upper bounds and a purchase from the lower bounds in the case of a horizontal channel. The second option is only selling from the upper border of the downward channel with ignoring purchases from the bottom. The third option is only a purchase in the ascending channel from the lower border. The expiration period of the option is set 5-10 minutes depending on the frequency of movement.
A pair of EURCHF and EURGBP in the evening and late at night justified a 15-minute expiration. It is important that the contract volume is set in such a way that the trader has the opportunity to repeat the bid of the same volume 20 times during the trading period. On the question of how to make money on Olympus Trade, there are no secrets regarding night trading. That is, many traders know about them, but the broker so muddied the consciousness of his actual and potential customers with strategies with indicators and doubling that it is already difficult for them to synthesize a working strategy.
The main thing that exists in night range trading is a fixed amount of option. Here you can not double the amount of the transaction and be gambling. This is not a game for money, but painstaking work. And if Olymp Trade is an honest broker and will not generate non-market quotes in order to interfere with earnings, then in 3 hours of night trading you can earn about $ 15 reliably, each time risking only $ 1.
Combined options trading
There is a more reliable trading strategy, in which there are a lot of ambiguities for a beginner. And if the esteemed reader has stopped asking himself questions about whether it is possible to make money on Olympus Trade, how to make money through a doubling system, or has completely freed himself from the thought of instantly making big money, then he can learn something useful.
This utility is the use of options as a hedging instrument for intraday transactions conducted on Forex. Their goal is to eliminate the risk if the forecast for a transaction in the foreign exchange market is not justified. Then you should close the Forex transaction with the lowest possible profit and make a profit on the option opened in advance. The latter should open in the direction opposite to the currency transaction.
Perhaps this information will make it possible to understand that secrets do not mean anything on the question of how to make money on Olympus Trade. All strategies have long been developed, because financial markets have been around for many years. And options developed long before Olimp Trade and the current supposedly super-traders who use doubling for their earnings. Martingale is an unsuccessful tactic, but very profitable for a broker who receives income from client losses.
Disclaimer
The effectiveness and reliability of the strategies described above are also based on the expectation that the broker will absolutely honestly fulfill its obligations, that is, withdraw funds earned. However, this is not guaranteed, as Olymp Trade has offshore jurisdiction. The option of terminating payments for a specific reason is not ruled out. A similar example can be remembered with the broker FOREX MMCIS group, bankruptcy, or rather, the betrayal of which no one expected. At the same time, financially, Olymp Trade is probably standing on its feet. But the broker can get out of business quickly due to possible changes in the legislation of the states of offshore zones.