Olymp Trade: How to make Forex and options work for you
The Forex market, trading currencies against one another is the largest market in the world. There are Trillions of dollars moving throughout this market on a daily basis. Options trading is a method of trading based on forecasting the price of a stock, commodity, index, or Forex pair and is one of the simplest forms of trading available to today.
In today's economic climate having one steady source of income is good, but two is better. Forex and Options trading are great ways to create a second source of personal revenue. Olymp Trade is an award-winning Financial Commission member operating since 2014, which allows you to take advantage of both markets, but also teaches you how to make your money work for you.
How do I start trading?
First, you must register with Olymp Trade. To open your account, provide your name, a phone number and email address. Once registration is complete, a trading account and demo account with $10,000 Demo dollars are opened automatically.
After the accounts have been established take time to understand the markets. Olymp Trade has a large educational suite to help new investors become acclimated to the markets, tools, and strategies that make a successful trader.
Options are predictions a trader makes about whether the price of an asset will rise or fall after a period of time. Forex is the practice of trading pairs to either profit from the price increase or decrease. With 72 assets (currency pairs, stocks, indices, commodities, and cryptocurrencies) to trade, understanding the markets and how to best operate within them is essential.
How to make a deposit
There are approximately 20 ways to fill up your account: from credit and debit cards to e-wallets and cryptocurrencies. Deposits are made instantly and easily through the method most convenient for you.
Traders can make a minimum deposit and withdrawal of $10 through the same payment methods. Withdrawals are sent to the same account a trader deposits, 90% are instant, though they can take 1-4 days depending upon the type of account.
Risk-Free Trading: Demo Account
Learning to invest and trade can be daunting. The fear of losing your own money is enough to stop many traders before they begin. The best way to practice is by using your free demo account.
While using your demo account trades can be executed the same way you would with real money. Up to date quotes, accurate calculation of the trade results, and the ability to trade different assets make this trading experience realistic.
Traders can replenish their Demo Dollars, making it possible to practice different trading strategies to find the one that best suits them.
There is no set amount of time before a new trader is ready. It is commonly recommended that new traders spend three weeks practicing with their strategy before beginning to trade with real money.
Switching Focus
The Olymp Trade platform was built for traders to flow seamlessly from one type of trading to another. Transitioning from making demo Options trades to the live Forex market is a two click process. Made to be intuitive the platform is easy to navigate. The account's mode can be switched from the drop-down menu where your account balance is displayed at the top of the window on the right next to the 'Make a deposit' button.
There will be three choices presented, 'Live account, Demo account, Forex or Options'. It is wonderfully convenient to jump from practicing with Demo dollars to investing real money in live markets or instruments with such ease. Training with a new strategy in your demo account and once you feel confident three clicks later you're trading with real money.
Conclusion
The Olymp Trade platform places everything you need to, become the successful trader you have dreamed of being, directly at your fingertips. With the platforms intuitive interface and continuously updating education libraries, you have access to the answer to any question you may have. Trading made simple for the sake of everyone.
Let Olymp Trade help you change your life.
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