Binary options are a very profitable type of earnings. Those who decide to increase their own capital in this way should approach the search for a broker responsibly. It must offer not only optimal conditions, but also be easy to use and reliable. A prominent representative is Olymp Trade. You can learn how to trade on Olymp Trade from detailed videos and familiarize yourself with the main working strategies. Video tutorials are suitable for beginners, so everyone can learn how to win significant sums in the future and successfully trade options.
Go to the official Olymp Trade website
A little about risks
The best binary options brokers:
- Binarium is the best broker according to readers;
- FinMax is the best broker for beginners;
The article will provide rules and a number of parameters that need to be taken into account when trading. But initially you should be warned about the risks.
Remember that you carry out all actions at your own peril and risk. You can both win and lose. Numerous videos will tell users how much they can earn from this. But speakers constantly forget to remind about the high risk of losing all funds.
The site is available on various platforms. There is also an application for Android. It is well made and provides similar functions.
But it’s better to trade not on your phone, but on your computer. The full version is more familiar and easy to use. All functions for later use are always at hand.
It is important to understand that there are no strategies without losing. No matter what you are promised in articles on the Internet, there are always risks. Therefore, you should not trade if you are not prepared for financial losses. Even successful traders have bad days.
Users should know that Olymp Trade has been caught cheating. A common method used by many binaries is changing the direction of the graph. For example, you bet on a rise, but it goes down.
But at the same time, the chart on the real exchange continues to move upward. There are already enough materials analyzing this scheme on the Internet, but company representatives have not been able to give clear explanations. This may be a bug, but it is not uncommon among users.
Profitability
Numerous tests were carried out, from which conclusions were drawn. The winning is proven. The proposed strategy can generate income up to 80%. But this is possible with proper decoding of the signals. As practice shows, on the Olymp Trade broker you need to trade only in the American and European sessions with confident movements. It is logical to conclude that when the market is calm, you should not make a purchase. Beginners can learn to trade well by participating in hourly expirations. Even if there are few opportunities to make a transaction throughout the day.
Video
The best strategy, or how to lure users into binary
Often, materials with new, unique and better strategies appear on the Internet. We do not argue that a number of them are real, but in most cases they are fake.
Distributing materials with the most effective and incredibly profitable strategies is one of the ways to attract people into the system. It is necessary to convince doubting people to start trading, and a similar method is used for this purpose.
There are no ideal strategies that would allow you to constantly trade in profit. Any scheme has both advantages and disadvantages. Therefore, such proposals should be treated with suspicion.
https://youtu.be/https://www.youtube.com/watch?v=AzBG9kf4n98
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Working with a bot or trading independently on the Olymp Trade website?
These are special programs that are created on the basis of certain systems. The key goal is to analyze the market, study the best points for entry, and complete operations.
Automatic programs are systems that allow you to perform all the functions of a trader, while information is processed much faster. But you should not constantly rely on these programs, since independent trading is considered no less risky and stable. All bots are an alternative option when it is not possible to trade on your own using a PC.
How to start trading
Once you are aware of the risks on the site, you can move on to learning the rules. How to learn to trade on Olymp Trade?
- It is necessary to correctly assess risks and trends in the market.
- It is necessary to study as much material as possible on this topic. Don't expect that you will read one article and become a successful trader tomorrow.
- It is recommended to attend webinars. Sometimes you can get really useful information from them.
- Study the platform using indicators, they can help you when trading.
- You need to spend enough time on the stock exchange and try different schemes. It is not enough to have theoretical knowledge, it is important to learn how to apply it in practice.
You need to start with a small amount, for example, 350 rubles. It is better not to immediately invest in binary until you have theoretical and practical knowledge. Make small bets while getting to know each other and learning.
Important – forget about the demo account! You definitely won't learn anything from it. Even in Forex it has been noticed that the system on a demo account plays along with the user. This is necessary in order to convince him to switch to trading with real money.
Withdrawal of earned profit
Once you understand how to trade on OlympTrade, you will be able to correctly predict the movement of the asset price and earn profit. To withdraw it from your trading account, you need to use the “withdraw” item in your personal account on the trading platform.
Remember that for a successful withdrawal several conditions must be met:
- When registering, you must indicate your real first and last name;
- You need to send copies of documents supporting your identity to the broker;
- You can withdraw profits using the same payment details that were used to replenish the deposit.
The starting bonuses that you received when replenishing your account cannot be withdrawn as profit. They are necessary to make transactions in the financial market. And the profit already obtained with their help can be easily cashed out.
Moving averages
Let's look at several popular and effective strategies. Many traders use moving averages to predict trends in the market. How to work with them?
I recommend reading how to determine the trend direction on a chart.
Using the indicator, you can find out the average price value. To use it, open SMA and enter 60.
We draw two lines on the graph. One of them repeats the price movement, and the SMA 60 is higher or lower, depending on current trends. Additionally, set the expiration date to one minute and the timeframe to fifteen seconds.
When an intersection occurs, signals can be used to determine subsequent actions. Does the price line go below SMA 60? Then you need to bet on a decline. If it crosses it and moves up, then buy a call option. The strategy is relatively simple and understandable even for beginners.
How to set up the MA indicator is described in detail here.
Trend reversal - overbought and oversold zones
There are several optimal entry points into the market. Most traders prefer to open trades when existing trends in the market reverse. It is impossible to capture this moment with 100% accuracy. However, there are many strategies that allow you to recognize the trend reversal point with an accuracy of up to 90%. Almost all strategies offered by Olymp Trade are based on this principle.
Of the proposed list of strategies, the easiest for beginners to master are “RSI”, “Binary Gambit”, “Sliding the Averages” and “Reversal”. In addition to their simplicity, the proposed schemes have shown good effectiveness in real trading conditions. No special skills are needed to trade using these strategies.
RSI strategy
For this strategy, the RSI indicator with period settings of 5 is used. The chart should be switched to candlestick mode, and the time frame should be 1M. The indicator window will show two levels: 30 (oversold) and 70 (overbought). The moment the moving average crosses the 30 level is a signal to buy a “higher” option. If the line leaves the overbought zone, then this is a signal to open a “lower” transaction.
You should trade during periods of overlap between the American and trading sessions. From 10:00–20:00 . The best time is considered to be the period when two sessions overlap - from 16:00 to 20:00 Moscow time. Traders are advised to trade during periods of calm in the market. If key news is planned to be released, it is better to refrain from trading, because At this time, technical analysis methods may malfunction due to strongly expressed fundamental factors.
To increase the accuracy of forecasts, it is recommended to enter the market when two signals appear - from the RSI and when reversal candlestick patterns are formed.
Binary Gambit
This Olymp Trade strategy is based on fundamental market analysis. In order not to analyze a large amount of economic news manually, a special tool was created - an economic calendar . This service automatically selects important events along with the forecast, although in this case it has no significance.
To start trading, you should open the economic calendar and configure it in a certain way. In the parameters, you need to set a filter to the most important news (three icons with the image of a bull) and select the currencies for which you plan to trade. Entry to the market is carried out immediately before the onset of the event, literally 10–15 seconds.
Two options with an expiration period of 10 minutes are purchased - one “higher”, the other “lower”. Two minutes after the closing of two one-minute candles, the losing trade should be closed early, with partial compensation of the option cost (usually about 50%). A profitable transaction is closed automatically according to the expiration date. The profit on the option covers the loss on the first trade.
The attractiveness of the Binary Gambit strategy lies in the fact that the trader makes a profit in any case, regardless of what kind of news comes out - positive or negative.
We slide along the averages
This is one of the simplest and at the same time effective Olymp Trade strategies. To trade using it, you will need to add two simple moving averages to the chart - the period of one line should be 60, the second 4. The fast SMA will follow the patterns drawn by candles on the chart. The slow line has significantly less sensitivity, so it reacts only to global trends.
A signal to buy a “higher” option is a breakout of the slow SMA from below, and a signal to buy a “lower” option is a breakout of the line from above. The terminal settings should be as follows: chart in the form of Japanese candles, time frame 1M, option expiration 25–30 minutes.
U-turn
To trade, you will need to add the Parabolic SAR indicator to the chart. It is present directly in the Olymp Trade terminal, so there is no need to open the technical analysis window. Chart timeframe 1 minute, display mode in the form of candles. A signal to open a “higher” trade is the appearance of a dot located under the rising candle. A “below” option is purchased when a dot appears on top of a downward (red) candle.
This strategy shows good results in conditions of active price movement in the market. During the quiet period, the percentage of false alarms of the indicator increases. The option expiration time should be within 5–10 minutes. The duration of the transaction should be increased if the distance between the indicator points is large enough. The signal accuracy is higher if the indicator is located close to the candles.
You can increase the effectiveness of the Reversal strategy by adding the MACD and Bollinger Bands indicators. It is also recommended to enter the market after the formation of characteristic reversal patterns.
Stochastic
Another indicator that can be used when trading. There is no need to change the settings, leave them the same. Place the indicator on the chart and start tracking the parameters.
You can see oversold and overbought zones. How to work with these signals?
- If there is oversold, then an increase is expected soon.
- If it is overbought, a downward trend will begin in the near future.
Learn more in the RSI strategy on a trend reversal.
Trading on news
News is an important parameter when trading Bitcoin and currency pairs. The movement of the chart up or down and current trends in the market depend on them.
But trading on the news is not so easy. To make profitable deals, you need to study a lot of materials. It is necessary to monitor the reports of the states that own the currencies or the crypto industry.
Here you can study in detail the trading strategy on the Binary Gambit news.
Any news can influence trends. For example, an increase or decrease in the Fed rate, paying taxes in Russia and buying rubles, an economic report from the EU, etc.
Flaws
The site contains numerous charts. Finding a situation suitable for buying an option is not difficult. The other side of the coin is profitability. Quite often, the profitability of assets decreases due to low volatility. But for popular currency pairs, the profitability is almost always at a high level.
A minor drawback of the platform is the limitation on the number of transactions. A trader can buy no more than ten binary options at a time. The vast majority of broker clients are not aware of the restriction. The rule does not affect trading efficiency.
Japanese candles
Japanese candlesticks are one of the charting methods. You can enable them in a special panel. A number of rules need to be taken into account:
- It’s better to watch the candles themselves and not turn on the indicators;
- it is necessary to analyze their changes and gain experience.
Leave the TF for five minutes. It is necessary to clarify the presence of important economic news. If their release is not expected in the near future, then you can safely trade.
Now study the candles directly. Red – falling, green – rising. You need to look at the chart and look for trends when areas with candles of the same color appear.
How to place bets:
- when you have found a combination and successfully concluded a deal, proceed to search for the next one;
- if you lose, then increase your bet with odds of 3, 7, 16, 37, 85. That is, the parameter must be multiplied by these numbers.
Here is a strategy for trading using Japanese candlesticks.
The downside of the strategy is that you need to have a large amount in reserve to finally win. There are other representations of charting, including heiken ashi. The advantage of these options is the absence of price noise.
