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First of all, I think it is important to clarify that Olymp Trade is NOT a binary options platform! It is a Digital Options platform, there is a bit difference between the types of tradings. Also, Olymp Trade has a forex platform-app, so, in total, 2 platforms-apps for trading.
I have been...
A lot of people are afraid of Forex trading because they heard about people who had lost everything they had speculating on currencies or other assets. Some have been tricked by their brokers and coerced into depositing more and more money into their trading accounts. some agents working on...
The best strategy, in fact the only way you have a chance with binaries, is to do the OPPOSITE of what they tell you to do, the opposite of what nearly everyone does.
Makes sense since binary option traders suck worse as a group than any other traders. They could lose money as an olympic sport...
To answer this let’s consider, leverage and margin requirement for both. Leverage is higher in FX, in the US it is 50–1 in the UK and Europe it as high as 1000–1. These leverage ratios make FX appear to be very profitable as you can make money on a large amount of burrowed liquidity. This high...
If you want to learn to trade, you won't be able to do it with free guides or literature you find free on the internet. You can try it but I guarantee you won't be able to do it. You need to get taught by people who have been Forex trading for years. I made your mistake first but then went on a...
Yes, of course!
Forex is a place where traders can speculate and earn money on price movement. Forex is a job absolutely the same as other jobs, IMHO.
Let’s compare Forex trader with cashier in the store, bank employee, and forwarder in a logistics company:
Beginner who wants to work as a...
There are a lot of systems that work..in the beginning. The problem is the technology has gotten to the point where computers can run a billion scans a second and would pick up on a winning system. And if you could find a winning system you could build a system that specifically takes money from...
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Top...
I think that Forex trading is difficult, especially nowadays.
You may think that it is because it’s complicated to have a winning strategy or because you need $1 million to generate a decent income or because you should have some innate skills… it’s not that.
I know that this sounds like one...
“Every trader has strengths and weakness. Some are good holders of winners, but may hold their losers a little too long. Others may cut their winners a little short, but are quick to take their losses. As long as you stick to your own style, you get the good and bad in your own approach.”
The...
This is an odd question, because “US Forex” is not something you can invest in. Your question might be “Is it best to invest via US forex brokers?” or alternately “Is investing in the US Dollar profitable?”
Because of different consumer protection laws, forex investing in the US is very...
Day trading is a dangerous, attractive and destructive activity. It ruins lives, ruins families, ruins the perception of self, ruins your psychological health, ruins your physical health, ruins your entire life.
Trading is the antithesis of normal human behavior. Trading attracts the hopeful...
I really feel sorry who fall in this situation.
We also have a number of traders reach out to us with stories of being ripped off. Usually it is quite hard to help but I can offer some suggestions.
These of course do depend what the scam was exactly? Did you use a broker and the broker is...
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