If you are a newbie to Olymp Trade or Fixed Time Trade. Firstly, you should read this article: Introduction to Olymp Trade interface for newbie
After reading and know how to use Olymp Trade, we will start with some basic UP/DOWN Fixed Time Trade in Olymp Trade. This is an important step for improving your skill
To be able to trade in Olymp Trade
You have to understand that with Fixed Time Trade, you must pay attention to 2 points: Trend and time. You can place any orders you want, but if you want money, you have to estimate trend correctly in the chosen period of time. This is the simplest strategy in Olymp Trade
(1) Choose your trading pair of products
Beside your choice, there’s a number 70%, 82%,… This is pay out (profit ratio) of these pairs of products. If you win, you will be paid 70% to 82% profit, or you lose 100% your investment. If you don’t know which pair is suitable for you, you can read this article: Guide to choose a pair of currency for safe trading
(2) Set your estimated time frame in Olymp Trade
Estimating the trend is important, but money only comes to you if you estimate correctly in a time frame. This is the difficulty. Only few people can take advantage of trading time. There 2 types of trading: Long time trading and short time trading. If you set your order’s time frame less than 5 minutes, your trading is short time trading. If you set your order’s time frame longer than 5 minutes, your trading is long time trading. You can choose whatever time to trade, but don’t forget choosing correct time period.
(3) Determine your investment in Olymp Trade
Whatever account it is (Demo or real), you are newbies so just begin with 1% of what you have. Be smart when it comes to manage your account. Money is the thing that can control your emotion and mental status.
This is where you earn money. You have 2 choices, but they lead to 3 consequences: Up or Down, and the results are win, lose and draw. You can improve your knowledge at strategy column so that you have a place for reference when it comes to estimate.
How to earn money in Olymp Trade efficiently?
The most important points of all the trading Fixed Time Trade game are: Knowledge + Skill + Emotion + Luck. Enhance your knowledge by reading and practicing with Demo trading. Patience and discipline will help you control your emotion discipline, both need your practice to be improved.
On the way of earning money, we will be there to help you with our sharings about strategy for long term and short term in Olymp Trade. Looking forward to your responds
Wish you success!