Forex trading on Olymp Trade Maintaining discipline while trading is an important aspect of successful trading. Having a good trading strategy ensures that you remain disciplined and stick to your trading plan.  A trading strategy is a set of rules or guidelines you use to make trading decisions. It can help you stay on track and ensure you follow a consistent approach to trading. In today’s article, let’s explore forex trading strategies you can implement. Here’s what you need to know: What to Know about Forex Trading Strategies When developing a trading strategy, it is important to cons ..read more

Day trading is an exciting way to make money from the stock market. It involves buying and selling stocks in the same day, and taking advantage of short-term price movements. Day trading can be a great way to generate a steady income, but it also carries significant risks. Knowing what to expect before you get started is essential for successful day trading. This comprehensive guide will provide you with the information you need to get started with day trading. We’ll discuss the basics of day trading, how to choose a broker, the different types of day trading strategies, and the tools and res ..read more

The ZigZag indicator is a tool traders use to identify changes in the direction of a financial instrument’s price movement. It draws vertical lines connecting the highs and lows of a price swing, allowing traders to easily visualize the instrument’s progress from point A to point B. The ZigZag indicator also helps traders cancel out market noise and identify a financial instrument’s key trends and patterns. The ZigZag indicator is a graphical tool that displays price movements in a series of waves or zigzags. It does not predict future trends or reversals; instead, it offers traders a better v ..read more

ROC trading, also known as Range of Closure trading, is a popular trading strategy that traders use to take advantage of price movements in the financial markets. This strategy involves trading within a defined range or range of closure (ROC). Traders use ROC trading to identify opportunities to buy or sell when prices move above or below certain levels. That said, let’s delve deeper into ROC trading strategies, talking about everything you need to know about it: What’s the Importance of Understanding ROC? Understanding ROC trading is an important part of successful trading. ROC (Rate of Chang ..read more

Traders need to be organized and have questions in mind before entering any trade. This will allow them to stay disciplined, adhere to their trading plan, and develop confidence in their decisions. Having a list of questions to answer beforehand will make sure that traders go through all the steps they need to take before they commit to a trade. Starting out on the right foot is important, and having a checklist can help ensure that happens. This checklist details what you should consider before you make a trade. Let’s get started. Identify Between a Trending or Trading Range Market Experien ..read more

Day traders must keep an eye on an economic calendar. It comprises a schedule for the release of economic reports and news. However, not every trader is equipped with the knowledge and the tools necessary to make proper use of an economic calendar, no matter how critical this is. Thankfully, we are here to guide you through the process. If you are here to make sense of an economic calendar and how to use it, you have come to the right place. Read on to discover more today. Understanding the Essence of Economic Calendars An economic calendar is a tool used by traders who conduct fundamental ana ..read more

Traders have many assets to choose from on the Olymp Trade platform. Exchanging currencies is one of the very popular options. In fact, foreign exchange is the largest market of all. To start trading currencies you should know what currencies are best to follow. And here we present 6 of them. What are the 6 major currencies? Trading currencies is based on exchanging one currency for another. Currency number one is the U.S. dollar which is not only the most commonly traded one but also it is a reserve currency. Then, we have the euro, yen, pound and Australian and Canadian dollars. Let’s discus ..read more

Traders often use indicators to be able to analyse the markets better. Moving averages are the ones most commonly employed. There exist various types of them and so you may utilise them in different ways. Today we will see into some ideas for using the Simple Moving Average with the period of 10. What is the Simple Moving Average? The Simple Moving Average is an indicator that calculates the average price over a specific time period. When we set the period at 10 it will mean that the calculations are based on the last 10 candles. How do you calculate the SMA10? It is quite straightforward. We ..read more

Register account at Olymp Trade How do I open a Olymp trade account? If you want to start trading the first step will be opening an account on the trading platform. You are in the right place. Olymp Trade is currently one of the most prominent platforms. Here we will show you how to register a new account. You will find a registering form on the sidebar of the Olymp Trade Wiki website. Once you enter your personal data and review the service agreement, you simply press the “SIGN UP” button. Use our sidebar to register Olymp Trade account You will then receive an e-mail from Olymp Trade with ..read more

There are many professional traders that can teach us some important lessons. Do you know Richard Dennis? He is one of such. He became very popular when he turned a $400 initial trading account into $200 million. He is also known thanks to the Turtle Trading group. What are the Turtles Traders? What can you learn from Richard Dennis? Let me tell you all about it. Richard Dennis and the Turtles Richard Dennis, a commodities speculator, has immensely profited in the markets. Moreover, he was convinced that everybody can be as successful as he was. His fellow trader, and a friend, William Eckhard ..read more