Have you heard about the opportunity to make money on the stock exchange? What about the fact that everyone can start their own business on the Internet? Do you know that both the first and the second can be easily combined today without making large investments and without receiving a certificate for trading on the currency exchange?
Sounds intriguing, doesn't it? And the main thing is that it is true, and indeed everyone can start trading currencies on the Internet without much effort. All that is required of you to make this trading successful is the desire to learn, access to the network and, of course, a little desire. Many people around the world have thus created an additional source of income for themselves. If this interests you, then in the article we will talk about how to start trading, characterize one of the brokers in this area and describe the whole process.
Binary options - what is it?
First, let's decide what exactly we would like to do. Trading on the stock exchange is a fairly wide niche: here you can carry out operations on Forex, profiting from how much the exchange rate changes; you can attract investors through PAMM accounts, showing good results. Or you can generally engage in binary options, which bringprofit even in case of minor changes in the exchange rate only on the basis of your forecasts regarding the direction of movement of the value of a particular currency. Actually, we will talk about the latter.
Binary options are a financial instrument. They represent a transaction between a trader and a broker, which is based on the former's forecast of changes in the market. For example, a trader makes a forecast that the USD/JPY pair will become cheaper and indicates the period after which this will happen. Even if the currency price drops by only one point, the forecast is justified and the trader receives his profit (up to 80 percent of the funds invested in the forecast). Sounds simple, doesn't it? Due to this, OlympTrade (the trading platform that we will talk about in this article) and many other brokers attract people. Working with binary options seems very simple and one that everyone can easily profit from. While not true, options can actually be a good place to make money.
Largest trading platforms
Given the popularity of this instrument, a large number of options trading platforms have recently emerged. Most of them have set fairly "high" (relatively) entry thresholds for new users - deposits at the level of 100, 150 and 200 euros. Of course, not everyone who tries his hand at trading is ready to give that kind of money for a simple experiment (which is what such trading is for most).
Therefore, a new niche appeared very soon"budget" sites that open up the possibility of forecasting and earning on options already from $10-20. We will talk about one of these in this article. This is about OlympTrade.
How to make money on this platform, of course, we will not reveal in detail. The essence of earning income here is not much different from other brokers that promote binary options. The trader still just needs to determine the movement of the course and be "in the black". It’s just that at OlympTrade it can be done more profitably (here they pay up to 80 percent of the investment, which is already a good indicator for the market as a whole); and also with less investment (the $10 deposit is just ridiculous and obviously aimed at attracting more less experienced and serious members).
OlympTrade: company reviews
What about platform reviews? In fact, there are not so many of them on the network for the reason that the project was launched relatively recently - even the domain was registered only in 2014. Therefore, do not be surprised that there is not so much information about
True, from what we have, we can note a lot of positive characteristics regarding a low deposit, as well as a simple and understandable interface of the site itself. Anyone can easily start trading here - no special training or special skills are required. The main thing is to be able to work with the options themselves, and not just try to "guess". As practice shows, intuition alone does not achieve much here.
As for sometrading strategies and tactics, then you can work them out with the help of a demo account. Anyone can open it, after which they receive 10 thousand bonus dollars (let's call them "candy wrappers"). You can do anything with them - losing them, you do not oblige yourself to do anything. Thus, they can be a great starting point for a novice trader.
Working conditions
How is the work done here? It's very simple - you are given the opportunity to download a convenient client, install it on your computer, and only after that make forecasts regarding the exchange rate. About OlympTrade software, reviews note that this is a real assistant, which is quite convenient to work with. They really did a great job on the interface of the program.
In addition, you must pass the verification of your identity upon request from the company's financial department. This is done by sending a color copy of the documents to the OlympTrade email address. Customer feedback indicates that in most cases the administration asks to go through this authorization.
Regarding profit sharing, as noted above, the trader is promised up to 80%. In fact, this rate changes depending on the volatility of the market at the time of the transaction.
After the money is credited to the account, the client can withdraw it by submitting a corresponding request. It is carried out within 5 working days. Unsurprisingly, OlympTrade reviews of payouts are mostly negative, noting delays in their implementation. In general, don't worryworth - the project pays, so in any case, your money will be credited to your account.
Where to start?
The logical question that is asked by all those interested in working with options: "Where to start here?" The answer is simple: register an account. As we noted above, it is better to create a so-called "practice" demo account on OlympTrade. Binary options can only be a good way to make a profit if you are experienced with them. You can earn it for free by trading "wrappers".
After you see the whole mechanism of work, you can switch to real money. Moreover, it is easy to do this - a low minimum deposit allows everyone to start trading. Just don't rush into it - otherwise, having lost money, many write that OlympTrade is a scam, because of which people lose their investments. No, you can make money here, but only if you correctly approach the trading process itself. It is impossible to count on luck here and make predictions “for luck”. Otherwise, you will really think that OlympTrade is a scam, and not an effective exchange tool.
Trading strategies
Another interesting question to raise is options trading strategies. You can find more than one article on this topic on the net: is there any point in strategies that are actively distributed and sold on many Internet resources? Their authors and sellers promise that with them you can earn millions on sites likeOlymp Trade. Reviews of the payouts of those who use strategies testify to the alleged win-win of such methods. But is it all true?
As experts say, no strategy can give a 100% guarantee of winning. And by buying them with your hands, you are most likely giving money to a person who is far from trading options. Truly effective techniques stay with those who invented them and bring profit to them. And you can use free strategies as a help. On OlympTrade (reviews confirm this) they spread such methods. They are distributed in the form of advice from the administration, whether to listen to them or not - everyone decides for themselves.
Recharge
Oh yes, about depositing money into the account. The 10 dollars (or euros) mentioned above can be deposited at the office using any electronic payment system (Qiwi, Neteller, Yandex. Money), as well as using simple bank cards.
Overall impression
As for the system as a whole, OlympTrade is a trading platform from which you can start your journey in the field of binary options and continue it into the future. Both beginners who want to try their hand and experienced traders will feel comfortable here. However, you can also go from the first to the last on this site. The main thing, as already noted at the very beginning of the article, is the desire to learn and a little patience.
