Olymp Market, what is it? Olymp Trading is a currency pair, asset, product, and other tradeable tradable options network. It is also a forum for education and training. You will look free of charge on their platform through their educational materials. Olymp Trade is a trading platform, meaning that itself poses inherent risks. The Network is nevertheless a member of the International Financial Committee.
This membership provides traders on the platform with a type of insurance, protecting them against the broker’s fraudulent activities. The Olymp Trade system enables you to profit by minimum investment up to 90 percent. The threshold for minimum trading is $1 so that your investment on a standard account will help you make up to 80% profits and up to 90% profit on a VIP account. Theis given below.
Trade-in Olymp Trade with Test Candlestick
This is Olymp Trade ‘s trading form. The trading method is verified, which is very safe and very likely to win. I will show you in this article how to trade with the “Test Candlestick” method. If the price breaks through the levels of support/resistance to become a new trend, it usually reduces to test the levels it broke. And that’s where we’re opening orders.
Open with the color of the candlestick
The Japanese candlestick charts for 5 minutes lead to the five-minute order expiry date. Only when the timer is up to 00:00 (the next candlestick starts). It means that the signaling candlesticks of this system will be applied, and we must concentrate on the following green or red candlestick (Green = Up & Red = Down).
How to identify the candlestick in the “test candlestick” method of trading
A definite resistance may be formed, for instance, by the price breaks. The market produces a candlestick to resist the resistance after breakdown (the task of resistance is now supporting) Concentrate on opening up (bet green for the next candlestick). The moment we open orders when the “check candlestick” finishes. The price, however, breaks the support zone = > can shape a downward trend. The candle is created by the market to re-examine the support region; the price just broke.
Focus on opening the downstream candlestick. After the “Test candlestick” closes, opening time is right. Don’t mind the test candlestick color. You have one thing to say. If the price returns to test the support level it has just passed, then it is time to open orders. Now focus on the next candle. The next part of this article will give more detailed examples.
How will you treat this procedure?
Capital management can be handled in two ways:
(I) Using for every option, the same amount of money: open $10 per order until the trend is over.
(ii) Lower capital progressively: once the price trend starts (only resistance/support breaks), the testing point is the best. We can use a small sum of money with a low probability of winning at the start. Then it is harder to grasp the market, meaning that each order should gradually reduce the sum of money.
Manage your emotions in the Olymp Trade
You must be patient and willing to ignore this opportunity with this method. There are still variations on the market (rise and fall). Tomorrow, if it’s not today. It must be up or down sooner or later. Your job is to wait and confirm the trend has taken place on the market. Concentrate on the candlestick at the moment.
Comply with the rules you have established. Do not care about RSI, bands, or stochastics if you have chosen the support/resistance and trend as guidelines for open order. Since indicators often send you reversal signals when the market enters the pattern. It’s the most tabus when it comes to exchanging. Opening of reverse orders consecutively—the explosion of your account. When you lose, just let it be when an order is opened. Don’t collect money or open orders in a row.
Some notes for the trading of check candlesticks in Olymp Market
- Patience: agree that the price has indications, even an in-depth check, of retesting. Yet wait until you close the signal candlestick on the market before making your decision. Avoid the risk that prices will only increase temporarily, and then fall back quickly.
- Skip it if you don’t know. The money must be kept, as there are many opportunities. That is the trading method, according to the candlestick (Up = wager white, Down = wager red). Only when the candlestick signals are closed can your open orders. You have only about 2 seconds to decide whether or not to click the button. If then, ignoring it and waiting for the following item, if it is uncertain.
- Trend: You might think the market is rarely as beautiful as August 5. No, still the same will happen, repeat repeatedly. The problem is, you have money to trade or not to trade if it repeats. So you need to browse the market or currency pairs if you like that method and build strategies around the trend, support/resistance, and check candlesticks. Sit down and wait until the entry points open orders if there is a definite pattern.
This trading method is further verified over time. This system is used continuously by the Olymp Trade Club to give you a general chance to gain/lose.