Have you ever thought about why you are not a winner in Olymp Trade? I’m sure everyone wants good things for themselves. However, sometimes, wanting is one thing and reality is another. In order to enter the winners’ group, you must be determined with relentless efforts to shift yourself from the 95% losers to the 5% winners.
Don’t jump into misconceptions such as winners are traders can double or triple their balance overnight. They are simply the ones who have a steady profit from week to week, month to month. And they see trading as either a passion or a left-hand job.
To be the winner in Olymp Trade, you have to give it your best effort and determination
If you have financial knowledge, you will understand that money can neither be created nor destroyed. It just moves from the losers to the winners. For every successful person, about 100 people lose money. This war not only takes place in real life, but it is also many times more severe in Olymp Trade.
In the eyes of most losers, trading is a path without light. They think that they have natural gifts which cause them to surely win as they enter the market. Or they think they can squeeze into the few 5% who make a profit, which is a myth.
There are no traces of the lazy on the road to success. Instead of lying there dreaming of a bright future, why not start taking action to build it right now. Effort and determination will keep you away from the losing group and closer to the winning few.
Don’t underestimate yourself when being distracted by laziness. You have more possibilities and opportunities to succeed in Olymp Trade than you think. Do you believe that?
Investing in Olymp Trade is safer than traditional investment channels
The reason is very simple, because in Olymp Trade, there is a DEMO account that helps you trade directly with the market without having to bear any risk. There are no attempts in life to improve your skills with no money.
If you invest in a company and run a loss the first time, you still have to suffer. There is a statistic that 99% of projects will lose money the first time. It’s scary that traditional investing doesn’t let you go wrong nor wait for you to grow up. All are paid for with money or lots of money.
However, participating in online investment in Olymp Trade is different. You can try demo trading until you feel good for several months. Then you can start with a small investment of as few as $10.
Especially, all are online, so you can be everywhere and still can invest easily. Imagine how great it is to lie at home on a sofa and still manage your investment business.
Why are there more than 95% of investors lose money in Olymp Trade
It is simply because of greed, fear, enjoying bottom/top fishing, etc. In general, it comes from the mentality of wanting to get rich quickly.
Every day, I receive a lot of questions about depositing and how to make a profit. But when I ask if they have their own effective trading strategies, then the answer is not yet.
Or have you tested your strategy long enough on your DEMO account? They say that it is enough. Statistics for more than 1 week show very positive results. In my opinion, to evaluate the effectiveness of a trading strategy, you need to have at least 1 consecutive month of profitable trading on a Demo account.
For someone who wants to take trading a serious job and earn a living with it, then the practice for 1 month is nothing.
So what you need is to prepare your knowledge, skills, and psychology before entering this fierce foreign exchange market. Take advantage of your demo account as a sports field to practice before going out on a real battle.
If you are profitable for 1 month, consider trading with real money. Conversely, if a loss occurs in most transactions, it is not advisable to switch to real money trading. Don’t skip the Demo stage if you want to win in Olymp Trade.
Psychology is the key to success or failure
According to my observation, very few people turn to Olymp Trade when their finances are stable. Instead, they see it as a place to get them out of financial poverty in just a short time. Inadvertently, it creates an invisible pressure that prevents them from making precise decisions compared to those who are mentally and physically comfortable. Don’t try to force yourself when you are not ready to trade Forex.
Being a winner in Olymp Trade requires 2 factors: Patience and determination.
Good traders must have the patience to wait for opportunities to appear in the market. At that time, they will decisively place an order to bring about the profit. That is the only way to make a profit in Olymp Trade.
However, most investors don’t have those two at the same time. There are many traders who can patiently wait for a good trading signal. However, when the opportunity comes, they fear that they would lose. Their indecision leads to missing out on many good and profitable opportunities.
Losing a few opportunities does not mean you will lose money. However, it will take you more time to trade. From there, this will make you impatient and make wrong decisions.
In order to best solve the above problems, you need to set up a trading principle set. At the same time, choose a time frame that gives lots of entry signals to the strategy you are using. Then, you will have the necessary conditions to open orders as logically as possible. There is no room for haste and fear in your mind. And a successful destination will not be far away.
In short, becoming a successful trader is a very long journey. It takes effort and determination when it comes to non-stop practice. This is to come out with the best possible strategy by improving over time.
Besides, you need to change your mindset to get rich fast. Be patient and determined in the investment process to get the desired profit. These can be trained with a Demo account without any fee.
Therefore, never skip the statistics and practice stage on a Demo account. It will help you avoid fatal mistakes that could cost you a lot of money. Hope you will soon become the winner in Olymp Trade.