Many brokers have a demo account in their offers. Conditions of using it vary, so you must check carefully the terms with your broker. Most often, a demo account is free of charge and possible to utilise as much as you want to. It is supplied with virtual cash and there is always a possibility […]
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People are different and so are their trading styles. Some prefer entering positions for a short time, while others would rather choose long-term transactions. Traders have their preferences regarding every aspect of trading, market volatility, investment amount or risk tolerance. Moreover, some will eagerly use the advice of more experienced ones and some will learn […]
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Your trading must be tailored to your needs and preferences. That is why it is very important to get to know them. You should define what kind of trader you are and choose a trading style accordingly. Generally, we distinguish four trading styles. The main difference between them lies in the duration of transactions made. […]
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The decision which market to choose for day trading is of great importance. It will influence your future actions and results. To make such a decision, you will need basic knowledge about different types of markets, their volume, liquidity and volatility. Today’s article will guide you through this topic. ContentsThe overview of different marketsStock marketSignificant […]
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A very important task for you as a trader is to define your own trading goals. It will help you to stay on the right track during the journey. Having good goals set strengthens your consistency and discipline. The only catch is to choose correctly. The purpose of today’s article is to explain the importance […]
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Trading seems attractive to many because people think this is a fast and easy way to get rich. Well, it is possible, but let’s not fool ourselves. Trading is hard work. You need to invest your time and practice a lot. The key is to be a better trader and you can achieve it by […]
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Choosing the right brokerage company is an important task. You will invest your money with it so you need a reliable one. Moreover, you want the platform to be accessible on different devices so you can trade from whatever place you are currently in. You have various options on Olymp Trade. You can trade not […]
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Foreign exchange market called also Forex is based on exchanging currencies. You buy one currency for another one. Olymp Trade offers 28 currencies, 7 indices, 35 stocks, 9 cryptos, 2 metals and 4 ETFs in the forex section. This variety gives the traders a great opportunity to be in the market actively 24 hours for […]
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Digital trading is not just an advantage to brokers anymore; it is a necessity. Trading automation has become commonplace now that everyone can access the essential tools needed to build digital systems. If you are new to trading, there is a good chance you are aware of the intricacy and volatility of the Forex space. […]
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The basis of successful trading is to keep track of what you are doing. A trading journal, where you will write all the details about each transaction, helps you to identify what works well for you and what does not. This way, you will be able to introduce the necessary changes in your trading method. […]
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