Olymp Trade: login, registration, how to make money in 2022

It is initially difficult for novice options traders to decide which strategy can be a win-win and which can lead to losses, so they use the simplest schemes.

Today, we want to look at the best options trading strategies on the Olymp Trade platform, which are perfect for both beginners and those who already have trading experience.

For successful trading of the same options, it is important that the vast majority of transactions are classified as profitable, so both beginners and experienced market participants have to use special schemes to significantly improve the accuracy of forecasting market fluctuations.

Below, you will be presented with only the best of the many options strategies developed by successful traders on Olymp Trade , which are more than 90% accurate. These tactics are highly effective and at the same time very easy to use, so they will be understandable for dummies and, accordingly, for those who have certain skills in options trading.

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Olymp Trade - Review of Options Trading Strategies

For options trading, it is best for beginners to use indicator systems. Trading methods of this type are the simplest, as they are based on automated market analysis tools - indicators that can independently carry out calculations, taking into account a huge number of indicators with the subsequent generation of signals for opening successful positions.

Thanks to the innovative trading platform from Olymp Trade, understandable even for dummies, you can use all the necessary algorithms without resorting to third-party services.

Strategy for beginners - Bollinger Bands and MACD on the Olymp Trade platform

The win-win indicator strategy “Bollinger Bands and MACD” is more suitable for short-term options and is based on the principle of price fluctuations inside the channel built by the Bollinger Bands indicator. This strategy also uses the standard MACD, which acts as a filter.

An almost win-win strategy involves concluding transactions using the following complex signal:

price touching any channel border;
MACD lines crossing;
changing the direction of the oscillator histogram.

Transactions are concluded depending on which channel border is involved in the signal (lower or upper) and the direction of intersection of the MACD indicator lines:

In approximately 60 minutes of trading using this strategy, about 20 signals can be generated, more than 85% of which will be profitable. This strategy assumes expiration times for trades ranging from 60 seconds to 3 minutes.

What is Olymp Trade

Broker Olymp Trade
Olymp Trade (Olymp Trade)

is an international platform for online trading of binary options, launched in 2014 and initially aimed at Russian users.
Owned and operated by Inlustris Ltd., a company registered in Saint Vincent and the Grenadines. The current monthly turnover of the trading platform is about $170 million .
In 2016, Olymp Trade received a category “A” certificate as a member of FinaCom, the International Financial Commission that regulates the broker market. This allows Olymp Trade clients to count on compensation of up to €20,000 in controversial issues (if the commission takes the user’s side).

In the spring of 2022, Olymp Trade stopped working with clients from Russia. The main reason for this decision was the preparation by the Russian government of a legislative framework aimed at significantly complicating the provision of binary options trading services to Russians.

At the same time, Russian citizens can create accounts on the broker’s platform and use all its functionality if they are in the territory of any other country supported by Olymp Trade. After leaving the Russian market, the provision of services continues in other CIS countries (Ukraine, Belarus, Kazakhstan, etc.). Intensified efforts are also being made to attract Asian and African clients.

Official website of Olymp Trade

Registration on Olymp Trade

How to register on Olymp Trade
To register on Olymp Trade you need to follow three simple steps:

Go to the official Olymp Trade website.
Fill out the registration form.
Confirm your email address.

A more detailed process for creating a profile on this platform is presented below.

After entering the Olymp Trade website, you need to call the registration form using the “Registration” button.

Start of registration on the Olymp Trade website

In it, you need to fill in all the fields (name, email, phone, password, currency), and also check the box confirming the user’s majority and his agreement with the terms of service.

Registration on Olymp Trade

Then all you have to do is click “Register” and wait for an email from Olymp Trade to confirm your email address.

You can also use the login buttons via Vkontakte, Facebook or Google to register on Olymp Trade. In this case, the broker will receive all the data necessary to open an account from the selected system, but you will need to confirm your email in any case.

Login to your Olymp Trade account

How to log into your Olymp Trade account
To log into your Olymp Trade account you need:

Click the “Login” button in the site header.
Fill out the form with the required data.
Click "Login".

This is in general terms. But if we look at this process in more detail, there are several nuances that we will discuss below.

After calling the login form through the corresponding button in the upper right corner of the Olymp Trade website, you need to enter the login (email) and password specified during registration. You will also need to complete the Google captcha and click the “Login” button.

It is also possible if you are using a PC in a public place or at someone’s house. In this case, after closing the window with the Olymp Trade website, you will automatically log out of your account so that no one else can access the funds on your balance.

You can also log into the site through social network accounts if this option was initially used when registering with Olymp Trade.

Immediately after logging into your Olymp Trade account, the user’s account is loaded, and a window with a current lucrative offer to receive a bonus for replenishing your balance prevents you from looking around. You can use it, but it is worth considering that bonus funds cannot be withdrawn, but only used for trading (profit from them is available for withdrawal).

Olymp Trade welcome offer

If you close this window, you will notice that most of the workspace is occupied by a constantly updated chart of the asset selected for trading (1). On the right side there is a transaction registration area (2). At the top there is information about the balance, as well as buttons for switching account type, depositing/withdrawing funds and account settings (3).

Interface of the trading account on the Olymp Trade website

On the left there is a vertical menu (4), the items of which call:

Panel with information on open transactions and orders;
Help (FAQ, knowledge base, training materials, etc.);
Chart and trade settings;
The “More” section, through which you can go to replenishment and withdrawal operations, viewing the history of financial transactions, the Olymp Trade blog and analytical data (economic calendar and trading signals).

Contents of the “More” menu on the Olymp Trade sidebar
In addition, in the lower left corner of the chart there are buttons with which you can:

Set up the chart display type (lines, candles, bars);
Add indicators and trading strategies;
Divide the workspace in half to observe exchange rate movements and conduct transactions on two trading pairs at once.

Olymp Trade tools for working with charts

Which asset is better

For news trading, choose the one that is associated with an event on the calendar. If these are statistics for the USA, then they trade any pair in which the dollar is involved. In the EU - euro and so on. If on a normal day a trader does not work with an asset for which sharp price fluctuations are expected, there is no point in mastering news trading. Without understanding the reasons that push the price up or down, you can make losses.

Example: news came out that the eurozone's GDP increased by 0.4% in the quarter, the forecast was 0.2%, growth for the year is predicted to be about 2.5%. It would seem that this situation should cause the European currency to rise against the dollar. But data for the United States was previously published, which showed that GDP was increasing annually by more than 3%. As a result, the market reacted not to good data for the EU, but to the ratio of economic growth in the EU and the US. In America, the situation turned out to be better; the EUR/USD pair went down.

There are quite a lot of such examples. So trading on news should be carried out with a familiar asset that the trader works with constantly.

How to trade on Olymp Trade

Trading on Olymp Trade
How to trade on Olymp Trade:

Select the transaction type and trading pair.
Specify all necessary parameters (amount, duration).
Select the trade direction (up or down).
Wait for the order to close or close it yourself (depending on its type).

Now let's look at trading on the Olymp Trade platform in detail.

You can trade on Olymp Trade using all popular devices - PCs, tablets and smartphones. For computers, the Olymp Trade website offers the application of the same name for download, as well as the MetaTrader4 terminal. For gadgets there are mobile versions for Android and iOS.

But the majority of users prefer to trade directly on the website through a web terminal, which is a proprietary development of Olymp Trade. We will look at this in our trading examples, of which there will be several - for each type of transaction that this broker offers to users.

Binary options on Olymp Trade

Trading binary options on Olymp Trade
??

For reference: Trading binary options involves making a profit by guessing the price change by the time the order expires.

In order to open a transaction of this type on the Olymp Trade website, first of all you need to go to the “Options” tab in the asset selection field. There, from the list of trading pairs, you need to select one of the currently available options.

It is no coincidence that availability is mentioned, since stocks, metals and indices can only be traded during the periods when the exchanges from which quotes are taken are open. Currency and cryptocurrency pairs are always available.

The list of trading assets can be sorted by alphabet, 24-hour price change, yield, and category (metals, indices, currencies, etc.). It is also possible to find a specific asset by name through the search bar.

Choosing an asset for trading options on Olymp Trade

Immediately after selecting an asset, its current chart is loaded and you can proceed to placing a transaction using the fields and buttons on the panel on the right.

The first line indicates the time after which the order will be closed. You can choose one of the proposed options, a custom interval, or specify the exact expiration time within the next 23 hours.

Selecting the trade expiration time

The next field indicates the amount that will be withdrawn from the Olymp Trade user account and used to open a transaction (minimum $1). Next, all that remains is to choose the expected direction of the exchange rate change by the time the order is closed - up or down.

Before this, you can select one of the available strike price options - the starting value of the asset, in relation to which the correctness of the forecast for the transaction will be assessed. Selecting different values for this parameter allows you to change the profitability ratio in the directions of order opening.

Choosing a strike price before opening a trade on Olymp Trade

After clicking on the red (down) or green (up) button, a window will appear with detailed conditions of the transaction being opened, including indicating the potential profit amount (up to 92%). If the Olymp Trade client is satisfied with everything, he must confirm the opening of the position with the appropriate button.

Confirmation of opening a transaction on Olymp Trade

When the transaction is confirmed, the chart will display vertical lines indicating its start and end times, as well as a horizontal line at the strike price level. After this, the trader can only wait for the order to expire to find out whether it was profitable or unprofitable.

Tracking position status on the chart and through the “Transactions” menu

For example, if the asset rate at the time of expiration is higher than the strike price and the transaction was opened “up,” the user receives the initially invested amount plus interest on his balance.

If the forecast does not come true, he loses all funds used to open the position. The details of the completed transaction can be viewed through the corresponding functionality on the panel located to the left of the chart.

Forex trading mode on Olymp Trade

Forex trading on Olymp Trade
The second type of trading that Olymp Trade offers its clients is transactions for the difference in the value of financial assets (Forex). In fact, these are no longer exactly binary options, but a semblance of margin trading, since there is the possibility of using leverage.

In addition, in Forex trading mode there are no restrictions on the time allocated for a transaction, but there is a liquidation of the position when a certain level of unprofitability is reached.

There is also a commission for opening a transaction (there is none in options).

To use all the capabilities of the Olymp Trade trading terminal in Forex transactions, you need to enable three options in the settings:

Pending transactions.

Animator.

Take Profit and Stop Loss.

Enabling Olymp Trade functions for detailed setup of Forex transactions

After this, you can start trading Forex assets. To begin, in the trading pair selection menu, you need to go to the “Forex” tab and select one of the options in the list that opens. As with options, they can be sorted by several parameters and categories.

Selecting an asset for trading in Forex mode

After downloading the chart of the selected asset, you can begin placing an order. In the first field at the top, indicate the amount that will be invested in the transaction. Nearby is a leverage switch (multiplier). The higher the value chosen here, the greater the profit, and, of course, the risk.

The multiplier can be from 5x to 500x, depending on the category of the selected asset.

Next, if desired, you can specify take profit

— the profit value, upon reaching which the transaction will be automatically closed.
Another automation tool on the Olymp Trade trading platform is stop loss
, which will close a position at a specified level of loss.

Making a transaction with a forex asset on Olymp Trade
If this field is left blank, the system itself will set a stop loss at 50% of the amount invested in the transaction to prevent its complete loss. There is no way to disable it. You won't be able to set the value yourself either. It turns out that you can lose a maximum of 50% of your position on this type of trade. And this is one of the main differences between Olymp Trade and platforms with full-fledged margin trading.

The last step is to select the direction of the transaction (up or down), once again check that all parameters are correct and confirm its opening with the appropriate button.

Please note that for opening positions in Forex mode, Olymp Trade charges a commission, the amount of which varies depending on the selected asset, changes in its exchange rate and the invested amount (sometimes it reaches 15%).

Confirmation of opening a Forex transaction on Olymp Trade

The status of an open position can be monitored on the chart, which displays its opening level and the current rate change, or through the “Transactions” tab on the side functional panel. You can close an order at any time, without waiting for the take profit or stop loss to be triggered.

Tracking the status of an open Forex position

Olymp Trade also offers the possibility of delayed opening of transactions with Forex assets. To do this, you need to use the “Order” button, which will open a separate window for entering order creation parameters. The same data is filled in here as when opening a regular position, but you also need to specify the time or price level at which the transaction will become active.

Executing a deferred transaction with forex assets on Olymp Trade

What news affects the market

The market takes everything into account, but not all messages cause a surge in volatility, but only those of increased importance. From macroeconomic data these include:

GDP dynamics - current, revision of past values;
interest rate, its changes;
labor market statistics - unemployment, number of jobs created, average wages;
inflation rate;
retail sales volume;
assessment of business sentiment by economic institutions.

For countries in which the export of raw materials and energy resources form the basis of the economy, data on extractive industries is important. The market reacts especially sensitively to messages from the USA, the European Union, and the UK. Following the publication of the latest data, GBP and EUR may move in different directions against the US dollar. According to American statistics, all currencies move in the same direction against the dollar. You can view the upcoming arrival of macroeconomic data and their importance for the market in the economic calendar.

How to make money on Olymp Trade

Making money on Olympus Trade
How to make money on Olympus Trade consists of the following steps:

Choose the right moment to open a position.
Weigh the existing risks, decide on the transaction amount and open it in one of the directions.
Wait for the order to expire (for options) or close it yourself upon reaching the desired level of profitability.

This is in general terms. If we look at earnings on Olymp Trade in detail, many nuances will appear on which your profit will depend.

First of all, in order to make money on Olymp Trade, you need to have a certain level of skills in trading exchange assets (they can be obtained in the Training section).

Ideally, you will need an effective trading strategy that involves using a combination of several technical indicators (there are about 30 of them available).

For example, you can add SMA, Parabolic and Bollinger Bands (BB) to the chart. In this case, the potential points for entering and closing a trade are determined by the punctures of the upper and lower edges of the BB. Also, breaks in the Parabolic dot contour will help you choose the right moment to open a position. And the intersection of the SMA with the Bollinger moving average will serve as confirmation of a change in the direction of the local trend.

An example of a strategy for trading on Olymp Trade

In addition to using strategies on the chart, you need to develop and begin to apply your own set of financial rules that will help avoid losing your deposit.

For example, you cannot invest more than 10% of your existing balance in one transaction. In this case, after closing a losing trade, you will still have many chances to gain profit.

You should also avoid trading on tilt (when you want to win back after a large loss) and return to transactions only with a fresh mind.

News trading strategies

There are several ways to make money while publishing statistics or political speeches. There are conservative methods, and there are aggressive ones. There are special ones that depend on the broker’s trading conditions. For example, "Binary Gambit". According to this strategy, the trader opens multidirectional options from one level. After the news is released, when the market has decided on the direction of movement, it closes the losing trade ahead of schedule.

The principle of working with the Binary Gambit.

The Binary Gambit is profitable if the broker recovers more than 30% of the value of an option sold prematurely, and pays more than 70% of the value on the trade.

Option Duration

For news trading, it is better to choose short-term or long trades when the option expiration is from an hour to a day. Short-term options become extremely high-risk transactions: options are opened/closed on the market every minute, the rate changes by 50-10 points every minute. It bounces, comes back, goes forward, comes back again, and so on. In such a situation, the probability that a one-minute or five-minute option will close in the negative cannot be calculated. But it is quite possible to predict the movement for several hours.

If we are talking about statistics from the USA, which are released around 17:00 Moscow time, a strong directional price movement will continue until the end of American trading. Plus, Asian exchanges will have to react to the event. So it makes sense to put an option with an expiration of 4 or 12 hours.

Preliminary deal

Based on the conclusions of financial analysts and information from the press, you can open an option in advance, a few minutes before the news comes out. For example, the decision on Brexit is about to be published, which, according to indirect data, will cause a sharp drop in the GBP exchange rate. In this case, it is worth opening a four-hour put option in the GBP/USD pair 5-10 minutes before the message is released. If the forecast does not actually come true, there is time to correct the situation - open an option in the right direction (a rare case when you can use the Martingale method of increasing the bet), close the unprofitable one early.

De facto deal

The second way to trade news is to open an option when the market makes its intentions clear. It is better to do this after the first 15-30 minutes. Choose an option with an hour or more expiration. Before opening a trade, you should carefully study the charts of higher time frames. If H4 is clearly moving in the opposite direction of the current price movement, there is a high probability of a reversal.

It is better to choose a medium-term deal for 15-30 minutes. If before the news came out, the H4 chart was preparing to change direction (flat, return to significant levels of resistance or support), and the news simply pushed it in the right direction, you can stay in the trade longer.

You can trade on news, but you must not only understand fundamental analysis, but also understand that forecasts are not always justified. The direction of movement in the first 5-10 minutes after the publication of data may turn out to be false. News trading is riskier than on ordinary days, but if you approach it systematically and use strategies, it allows you to make money.

How to top up your Olymp Trade account balance

How to top up your balance on Olymp Trade
How to top up your account on Olymp Trade:

Go to the replenishment page.
Select payment method.
Specify the replenishment amount.
Fill in your payment details.
Confirm payment.

This process is described in more detail below.

Opening the interface of the Olymp Trade website to replenish your account is done using the “Top up” button located in the upper right corner of the account or on the “More” tab on the side panel on the left.

Topping up your account balance on Olymp Trade

On this page you need to select one of the five available payment options - a bank card (Visa) or payment systems Neteller, FasaPay, WebMoney and Skrill.

Choosing a method to replenish your account on Olymp Trade

Next, you need to indicate the replenishment amount and in the “Bonus” column select “Bonus upon payment” or “No bonus”. In the first case, bonus funds will be credited to your account, the amount of which depends on the size of the main deposit. In the second - only the replenishment amount you specified.

Bonus funds cannot be withdrawn, but can be used for trading. The profit received will be available for withdrawal.

The minimum possible amount to top up your account balance is $10, €10 or 350 rubles, depending on the account currency.

Details of replenishing your account on Olymp Trade

After clicking the “Top up” button, a standard form for entering card data will appear (if this payment method was selected) or you will be transferred to the online terminal of the selected payment system. Usually, after completing the payment, the money is credited to the Olymp Trade user’s account within 1-2 minutes.

How to withdraw money from Olymp Trade

Withdrawing funds from Olymp Trade
How to withdraw funds from Olymp Trade:

Click the “Withdraw” button.
Select a payment channel.
Specify the withdrawal amount and confirm the application.

True, some nuances are still present in this process. Therefore, we will consider withdrawing money from Olymp Trade in more detail.

To go to the withdrawal request page, you need to use the “Withdraw” button on the top or side panel.

Withdrawing funds from your Olymp Trade account balance

After this, a list of available payment channels will appear - only those options that were used to deposit funds on Olymp Trade are displayed. Having chosen one of them, you need to indicate the amount (minimum 350 rubles or $10) and send a withdrawal request.

Filling out an application for withdrawal of funds from Olymp Trade

The rules for using Olymp Trade indicate that the deadline for processing such applications is 5 business days. But, as a rule, money is withdrawn within a few minutes. In rare cases, there are delays of up to 24 hours. By the way, there are no commissions when withdrawing funds from Olymp Trade. There are also no restrictions on the amount of amounts withdrawn from the account balance.

We also advise you to watch a video review of the Olymp Trade broker:

Olymp Trade broker review

Olymp Trade training

Training on Olymp Trade
??

For beginners and those who want to improve their trading skills, Olymp Trade offers the opportunity to use a demo account with a balance of $10,000. You can train on it as much as you like.

If you run out of virtual funds, you just need to click the “Top up” button in the drop-down menu with balances and you will again have $10,000 in your demo account.

Restoring the balance of a demo account on Olymp Trade

In addition, the Olymp Trade broker website has a “Training”

. Here, in addition to text theory, there are webinars that explain in simple language the principles of options trading using various strategies and indicators.

Training section on Olymp Trade
There are also lessons on transactions with Forex assets, which cover both general concepts and the most effective trading styles.

Educational materials for trading forex assets

Careful study of educational materials in combination with training on a demo account allows you to obtain the necessary level of skills to move on to transactions using real funds.

The real reasons for Olymp Trade leaving Russia

The official version of Olymp Trade’s departure from Russia is the adoption of laws that will not allow Binary Options to exist on the territory of the Russian Federation. Is it really? As I said earlier, in some miraculous way these innovations affected only one Binary Options broker - Olymp Trade, when other brokers did not notice anything. Strange, right? Another important fact: if I’m not mistaken, Olim Trade is registered in the Seychelles – offshore. Even if Russian laws tightened the conditions for the work of BO brokers, the maximum that the government could do would be to try to block sites on its territory. But, as we already understood after the Telegram story, they can’t do it! And our people will always find a way to bypass all possible blockages. So what actually caused the departure of the Binary Options broker Olymp Trade from Russia? In a nutshell, it became unprofitable for them to work with traders in this country. Now I will explain why. The first and most important reason is a bad reputation. Whatever one may say, the facts speak for themselves - Olymp Trade is far from the most honest BO broker. What are hundreds of accounts worth, blocked for no reason or unwillingness to pay what they earned?!

The only thing that somehow saved the broker was very active advertising. Several dozen purchased video bloggers daily promoted the Olymp Trade broker. Moreover, some of them openly stated that Olymp Trade pays them for advertising, and they actively teach you to “trade” using the martingale - to drain your deposits, enriching the broker. Simply put, these bloggers were created by the broker himself to advertise on social networks. This is black PR. You think that in front of you is a person from the people, but in fact, in front of you is a person bought and promoted by a broker. What is Vilnius worth alone?! And there are a couple dozen more of these... As a result, the influx of new traders to the Olymp Trade broker decreased so much that it became unprofitable for them to maintain an entire department of workers, maintain the trading platform, and even pay quite a lot of money to these same bloggers. By the way, Olymp Trade announced the cessation of any advertising in Russia, which means that all these video bloggers were left without work and a patron sponsor. With a high degree of probability, they will slowly disappear from your screens.