OlympTrade start trade.
Olymptrade trading – start trade today.
Olymptrade trading – how can I start?
An option is a very profitable instrument in financial markets and it is also totally transparent.
When trading options, the trader forecasts how the price for a specific asset (a commodity or currency pair) will change. In order to profit, the actual price does not have to be predicted, but only whether the price will rise or fall, i.e. in which direction the chart will move.
Options help traders make profits by them deciding for example whether the dollar will be more expensive or cheaper against the euro.
Olymptrade trading terms
With option trading, traders know the possible income and risk beforehand. Profits and losses are realized before the trade opens and income may be as much as 92 percent of the amount traded.
Trading options is accessible and easy, as traders don’t need big investments to trade with. On OLYMPTRADE, the minimum deposit is $10, while the minimum amount that can be traded with is $1.
How does Olymptrade trading work?
2 types of options can be traded on OLYMPTRADE:
1. Classic options are also referred to as UP-DOWN trades. These are executed by selecting the amount to be traded and the length of time for which the trade will be open.
2. Time options are a newer, opportune way to trade options. These are executed by selecting the option expiry time, i.e. the time at which the trade will be executed. If the right direction is predicted, profits could be up to 92 percent of the amount invested.
With time options, multi-trading can be done irrespective of the number of trades open at the expiration time specified, all of these will close at the same time.
If a candlestick time frame is used, and it is smaller than or the same as the trade expiration time, trades will be closed at the candlestick time, and a new candle will start to take shape.
Olymptrade digital options
Select an asset.
Commodities, currency pairs, major global company’s stock, and important exchange indexes in the US, Asia and Europe can be traded at Olymp Trade.
Select the amount to be traded.
Profits differ depending on the trade size and can be up to 100%.
Select the time at which the forecast will be proven correct.
Trades last between 1 and 5 minutes and up to five strike prices can be chosen from.
Select a strike price.
The strike price is compared to the current asset price when the trade expires. When the trade expires, a down trade will show a profit when the chart is below the selected strike price. When the trade expires, an up trade will show a profit when the chart is above the selected strike price.
For up and down trades, the profit percentage on the strike price may differ.
Decide whether the asset price will rise or fall.
Closing a trade early.
The Sell option is a tool on the platform that can be used to close trades before they expire. The refund that will be paid out will depend on how much the asset price has changed. The Sell function can be found in the Trade menu below the chart. The option is also available in the app.
Trading options is easier and more convenient than trading with any other financial instrument and no other investment tool, including a bank deposit, will allow such a large income to be made in a short time.
Trading options does not need the study of complex trading terminals, or in-depth market knowledge. To trade profitably, no additional software is required and only access to economic news and sufficient basic knowledge about the market is required.
How are time options traded?
On the platform, select the Time tab.
Open any asset’s chart.
‘Time left for buyout’ is an indication of the time until which the option can be bought, i.e. how much time there is before the trade executes.
‘Time left for expiry’ is an indication of the time until the option expires, i.e., the time at which the basic condition must be met. It is in fact an indication of how long you will need to wait for the trade result after an option has been bought.
When the time left for expiry runs out, the system checks whether the price of the asset at that time corresponds to the conditions that have been set. For a positive outcome, a profit is made, else the option amount is lost.
Select a time at which the trade will close.
The time you have to buy the option will be shown in minutes and seconds in the right column.
Select a forecast by clicking on the UP or DOWN button.
This will result in an option being opened. Unprofitable trades can be closed at any time as long as the Sell button is active. This will result in a percentage of the investment being paid back into your account.
New options can’t be opened less than 1 minute before the next expiration time.
If the forecast is correct at the expiration time and the asset’s price is at least 1 point higher (or lower) than what it was when the option was opened, a profit of up to 92% will be realized. If the wrong direction was predicted, the full trade amount will be lost.
How do pending trades work with Olymptrade trading?
1. Pending trades
Pending trade allows traders to trade when an asset reaches a specific price, or delay trades. This order to sell or buy an option will execute when the parameters specified are met.
Pending orders can only be used for classic option types. As soon as the trade is opened, the return is applicable, i.e. the trade is executed on the basis of the actual return, not on the basis of the percentage profit when the request was created.
– After the level specified is achieved:
Choose the asset, expiration time, trade amount, the price at which the trade will open and forecast whether the price will move UP or DOWN. If the price of the asset you selected moves to the level specified, or passes through it, the order will turn into a trade.
If the asset price moves through the level that was set, the trade will be opened at the actual quote price, e.g. if the asset price is at 1.0000 and a trade should be opened at 1.0001 and create a request, and the next quote prices is at 1.0002, the trade will be opened at 1.0002.
– After the specified time
Select the asset, expiration time, and trade amount, set the trade open time forecast whether the price will move UP or DOWN. The trade will be opened at the time that was set in the order.
2. Order life
Requests are valid for a single trading session or 23 hours. Requests can be canceled at any time before opening without the money planned for the trade being lost.
3. Cancel orders Automatically
Pending order requests won’t be executed if:
– the parameters specified are not reached before 00.00 MSK;
– the expiration time specified is more than the time to the end of the trading session;
– the account does not have sufficient funds;
– ten trades had already been opened when the target is reached.
When the time expires, correct predictions will generate an income of up to 92%, while wrong predictions will cause the investment in the trade to be lost.
if you have any questions about olymptrade trading contact us anytime you want.