Today we are going to talk about demo account. Olymp Trade like the others brokers has the demo account. Which is made for the Client to practise his/her trading skills.
How to open a demo account?
How to open Olymptrade.com a demo account
Firstly, you will need to find the Registration form on the Olymp Trade website and fulfill all the required fields:
1 – Here you will need to write your Name.
2 – Here you will need to write your e-mail. Make sure that your e-mail is valid.
3 – Then here you will need to insert your mobile phone number.
4 – Here you will need to come up with the secure password. Make sure you do not forget your password.
5 – And here you will have to choose the currency which you will use for trading.
6 – Here you will need to put a tick to agree that you are in legal age, but firstly read the service agreement.
7 – Before pressing the register button make sure that you inserted valid information. Double check all your information and then press the register button.
Difference between demo and real account?
Difference between olymptrade.com demo and real account?如何在Olymp Trade为新手交易外汇
The main difference between the real account and DEMO account is that on DEMO account you trade with not real money. Thus, you will not lose money while trading.
Where should I practice?
Where should I practice with olymptrade.com?
It is better to practise on 如何在Olymp Trade为新手交易外汇 DEMO account. As I have already mentioned when you trade on 如何在Olymp Trade为新手交易外汇 DEMO account you do not lose money. So DEMO account is the most suitable for practising. What is more you can try new strategies on DEMO account. All the graphs, assets, indicators etc. on DEMO account are the same as on the real account. Once you are skilled enough you can start trading on the real account.
Can I close DEMO account?
Can I close olymptrade.com DEMO account?
You cannot delete demo account. There is no need to delete demo account since on this type of account you trade with not real money. Thus, do not worry about it. Demo account will be always available to practise.
Should I pay for DEMO?
Should I pay for olymptrade.com DEMO?
Olymp trade looks after their clients and provides free DEMO account. Consequently, you do not have to pay to use DEMO account. It is absolutely free to start trading on DEMO account. You need to invest real money only if you want to trade on the real account.
Can I 如何在Olymp Trade为新手交易外汇 use DEMO on mobile app?
Can I use DEMO on olymptrade.com 如何在Olymp Trade为新手交易外汇 mobile app?
Trading on Olymp Trade, including DEMO account is available on any device. DEMO account on mobile devices is the same as on the website. You can download the trading platform on your mobile devices via AppStore or Google Play.
One Comment on “Demo Account”
I never believed online trading until I gave it’s a trial to my greatest surprise I got paid. Wow am so happy thank you!
How To Trade And Win In Olymp Trade With A Simple And Easy Way
As beginners, many people want to test whether the Olymp Trade platform really pays money and lets you withdraw money or not. Here, in this article, I will show you one of the easiest ways to open a profitable order and make some profit in Olymp Trade. At the same time, I will give you a few notes on how to trade in Olymp Trade.
Video for making money in Olymp Trade with an account of $50
How to make money in Olymp Trade with a $50 account
Choose the reasonable trading assets in Olymp Trade
If you are new with a starter account of only $50, then you should choose currency pairs or assets with a payout rate of 80% or more. This is the profit ratio that you will receive if you win. For example, you enter 1 transaction of $100 with a payout of 80%. If you win, you will gain a profit of $80.
Notes: The higher the payout rate is, the more secure your 如何在Olymp Trade为新手交易外汇 balance becomes.
For example, you are trading with the USD/JPY pair and a payout of 60%. You open 5 orders ($10 each). 3 如何在Olymp Trade为新手交易外汇 wins – 2 losses => You lose $20 for 2 losing orders and make $18 for 3 winning orders => Your balance is 如何在Olymp Trade为新手交易外汇 still losing $2.
But if you trade with the EUR/USD pair and a payout of 80%. You also open 5 orders ($10 each). 3 wins – 2 losses => You are still profitable with $4.
Advice for beginners: EUR/USD and GBP/USD are the best 2 currency pairs for you to get acquainted with during your 如何在Olymp Trade为新手交易外汇 first trades.
The principles of candlesticks
At different time frames, the price will have different fluctuations. It will also create different candlesticks. Just by observing, you can realize this.
For example, during this trading time frame, EUR/USD creates alternating green and red candles. There are at most 4 consecutive green candles, after which a red candle will appear. And vice versa, there are at most 4 consecutive red candles and then green candles will appear.
Notes: Do not observe the 1-minute Japanese candlestick pattern. Fast fluctuations may make you lose money faster and easier.
Open correct orders
Now you know the principle of candles. The trading strategy for use in Olymp Trade that I 如何在Olymp Trade为新手交易外汇 mention now will be as follows. When 2 red candles appear in the market, you should start opening orders. Now you bet that the third candle will be a green one. If the third candle is still a red one, then open another order to bet that the fourth one will be green. It means that you will open 2 “HIGHER” orders continuously.
For details, you open 2 “HIGHER” orders to bet that a green candle will appear after 2 consecutive red candles.
Order 1: Bet on a green candle – open an UP order – $2 => LOSE
Order 2: Bet on a green candle – open 1 more UP order – $5 => WIN
After 2 orders, you gain a profit of $2.1. Profit 如何在Olymp Trade为新手交易外汇 ratio is $2.1/$50 = 4% of the balance.
Know where to stop
Do you ever have these questions as follows? If you lose both orders in a row, what should you do? The answer is “Stop!”. When the movements of candles do not follow any cycle, then stop. Keep your money.
On the contrary, if you win, you should also know where to stop. You may find that you have only earned a few dollars. But in fact, the profit you gain is several percentages of your total capital.