How to make money in Olymp Trade Forex at home during the Covid-19 pandemic

How to make money in Olymp Trade Forex at home during the Covid-19 pandemic
How to make money in Olymp Trade Forex at home during the Covid-19 pandemic

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You are a trader who wants to make money in the long run in Olymp Trade on a regular basis. Then, it is best to make money by trading in Olymp Trade Forex with the available asset portfolio. If you want to see instant results, you should try Fixed Time Trade. But if you’re looking for stability with long-term transactions, Forex is the most potential investment channel for you.

Investment brings wealth

In life, if you choose to live a safe life, you will not get what you like. If you choose to take risks, then your future will be difficult to predict accurately. But if you are a Forex trader in Olymp Trade, your present and future life will be decided by yourself. Investing in Forex earns more passive income making financial problems easier to solve.

Investment brings wealth

To get the wealth that people want to have, you have to do what others don’t dare to. Do not rush into practice. Before starting, make a detailed and careful plan. Not everyone succeeds on the path of financial investment but the successful ones have a clear roadmap.

The goal is more important than the need

Basically, everyone wants wealth as an indispensable need. But they don’t know how to do it the best way. And financial investment always brings money, freedom, and time for investors. Set your own goals and act wisely to get there.

The goal is more important than the need

Write down the goals to strive for work, investment, and learning, to perform in the best way. Do not pursue unrealistic expectations but set specific goals. If you invest in Forex in Olymp Trade, how do you get the highest profit? Strategies will be indispensable in the profit-seeking roadmap. Next, it is how you manage the risk? Finally, it is psychological control during trading.

Forex is the best passive money-making channel

Forex is a channel to make money in which you use technical indicators to predict trends. If you can catch the trend and follow it, the money will automatically flow into your account. To get good trading signals in Forex Olymp Trade, waiting is what you have to do. Forex is considered to be the best passive money-making channel at present.

Forex is the best passive money-making channel

Do not aim for investments that only take an instant. They can make it easy to lose your reason. For example, Fixed Time Trade is a channel to make money quickly within 30 seconds or as long as 1 week. However, Forex allows you to keep that investment as long as you want. You can earn profit even when you go to sleep because the order is still open. Take advantage of your idle money to get profits from Forex investments in Olymp Trade.

Don’t dream of wealth to come in a moment

From now, if you have invested in Forex, the achievements may come in a few years. The initial investment can be multiplied many times when you have a good trading strategy. Please remember that making money fast and much in the short term is impossible. Realize that all rich people make money in the long term except for some heirs.  Investment tycoons such as Warren Buffett are successful in long-term investment. You only need to follow what they have achieved in the present. In the future, you will have similar results.

Make long-term money with Olymp Trade Forex
Make long-term money with Olymp Trade Forex

Review on Forex trading orders in Olymp Trade with the EUR/USD currency pair

Due to the complicated disease situation, the US economy is seriously hurt. Since then, the EUR/USD pair has been on a strong upward trend in recent months. So, following the uptrend to trade makes the winning rate higher.

The T.L.S trading strategy (Trend -> Resistance/Support -> Signal).

Stop Loss = 50%, Take Profit = 150%, win/loss rate = 3:1.

July 27, 2020

Trade Forex in Olymp Trade with the EUR/USD currency pair on June 27, 2020

1st order: The uptrend was slowing down but the bullish force still remained because the buyers temporarily took profits. Prices went straight towards the previous strong support but could not penetrate to form a downtrend. The price bounced up when it reached support. And right there, a Hammer candlestick appeared. Placed a Buy order as soon as the Hammer candlestick was confirmed at the support.

Trade Forex in Olymp Trade with the EUR/USD currency pair on June 27, 2020

2nd order: The price broke out of the important resistance zone forming an uptrend. Opportunities appeared when the price returned to test the support level just passed. Placed a Buy order when the price entered the support zone and then bounced back following the uptrend.

July 28, 2020

Trade Forex in Olymp Trade with the EUR/USD currency pair on June 28, 2020

3rd order: Prices were on a stable uptrend through consecutive bullish candles. Opened a Buy order when the price just crossed the resistance and then retested the level just passed by a Bullish Pin Bar candlestick.

After that, the uptrend ended. The price began to reverse from up to down, causing the order to hit the stop-loss.

July 29, 2020

Trade Forex in Olymp Trade with the EUR/USD currency pair on June 29, 2020

4th order: Prices increased sharply. We only needed to find a good entry point to open Buy orders following the trend. Opportunities appeared when the Morning Star candlestick pattern appeared at the support. It signaled that the price signal would continue to rise in the future. Opened a Buy order as soon as the Morning Star candlestick pattern was confirmed successfully.

Analyzing is one thing but the market always brings random stuff that makes this a losing order. Accept it as part of the game of probability.

The ratio is 2 wins and 2 losses out of 4 orders. The investment is $200 per order. If you had traded Fixed Time, you would have ended up with a loss. However, this is Forex. There are many profitable orders which can multiply your initial investment by many times. So I have earned a profit when the win and loss ratios are equal because I adjusted the profit-taking higher compared to the loss.

In conclusion

Because of the gloomy world market economy, it leads to currency devaluation. People rush to find a shelter with a safe and high-liquidity asset that is gold. Because they witnessed the continuous peak-breaking in the past few months of this high-value goods. Those who hold gold earn high profits when the gold market continuously peaks. We can also make money when gold goes up or down thanks to Forex trading in Olymp Trade. We will present it in the following article. Please look forward to it.

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How to make money in Olymp Trade Forex at home during the Covid-19 pandemic
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