OLYMP TRADE
Olymp Trade Binary Options Broker Tutorial in English
Olymp
Trade Tutorial in English, Sri Lanka. Olymptrade Binary Options Broker is one
of the highly respected and regulated ( FinaCom ) binary option brokers from
Belize. Though it has limited number of currency pairs compared to other
brokers, it has one one of the modern high speed web trading platforms,
fast withdrawals and expiry times ranging from 1min to 12hr ( Fixed times
)
1.
How to open an Olymp Trade binary option demo practice account for free ?
You can open a free demo account
free of charge and practice as long as you want to get use to the system. You
can register using the link below.
Choose "Registration"
tab from the popup window that you got.
Insert your name, email, phone,
password and choose "Your Currency" as "Dollar"
from the popup window that you will get. Then place a tick for "I
am of legal age and I have read and agreed to the service agreement".
Next click the "Register" button.
You will receive an email shortly
from Olymp Trade, asking you to confirm your email address. So click the link
in that email to verify your email address. Registration is complete now !
2.
Learn about broker dashboard and Web Trading Platform
Once your registration is
successful. You will see a similer window like the below one. So let's see the
features of Olymp Trade platform and how trading can be done using the web
platform.
1
- Menu
This is the main menu. Deposit,
withdraw, transactions, trades, profile, quotes, trading platform, education,
contests, analytics, About company, regulation, language switch, logout
button, theme changer, sound on/off are the links that you can find within
it ( Logout icon is located at the bottom right corner of that menu drop
down section )
2
- Choose desired currency pair or crypto pair
Using the plus sign ( + ),
you can choose any currency or crypto currency pair for trading ( Currency
pairs available on working days only. Crypto pairs are available on all days
).You can open any number of charts for trading and also place multiple orders
too ( You can close the charts using "x" )
3
- Chart Types :
You can choose Area Chart
(Default ), Japanese Candlstick ( Most suitable ) or Heiken
Ashi charts from this section.
4
- Technical Analysis :
The platform is ideal for technical
analysis and looks almost similer to features & user friendliness of
ctrader platform. A new window will open with a chart once you click
"technical analysis" link. . You will get all kinds of lines
& shape tools on left hand side section ( marked in green colour). ( You
can remove anything added to charts using the "x" sign on right side
)
5
- Indicator Types:
You can choose and add any popular
indicator to your charts ( SMA, EMA, MACD, Parabolic RSI etc.. ).
6
- Switch between Demo Account and Live Account :
You can shift between Demo and Real
Live account using this section.
7
- Deposit Money :
You can deposit money to your live
account ( You can learn about the process later on in this article ) or reload
the demo account using this section.
8
- Support :
You can use live chat option to get
customer care support when ever you need any help.
9
- Educational Materials :
You can get free trading educational
material offered by Olymp Trade Binary broker ( It may be useful for you mate !
)
10
- Trade Expiry Time :
You can choose trade expiry time
between 1min - 13 hrs period from this section.
11
- Amount per Trade :
You can choose the amount that you
are going to use per trade using this section.
12
- Payout :
This section displays the amount
that you will receive as profits for successful predictions.
13
- Up & Down :
This is the section to enter the
trade. Choose "Up", if you assume the price may go up
based on your analysis. Choose "Dowb", if you assume the
price may go down based on your analysis.
14
- 2 Factor Authentication :
Using this option you can further
increase account security. It is not necessary at this moment but you can use
it for higher security ( You can close the window at any time using
"x" )
3.
Trade Free in Demo Practice Account
Trade 100% free and also without any
risk using the free demo account to make sure you learn trading properly and
practice in order to do live trading ( any time you can start live trading ).
Also make sure you consider following facts too when executing a trade.
1. Why I enter the trade ? (
Consider Analysis and Rules )
2 Am I trading with the trend ?
3 Did I consider the ?
4 Did I consider the Chart Patterns and candlestic patterns?
5 is my mind ready for trading or not ? ( If not, trade only after you
feel that you are ready for trading )
6 Is any major economic news to be released anytime soon ? ( If so, Trade only
15min before or after that news/s. Use economic calender to
identify news and news releasing times. Adjust the GMT time accordingly to
make sure the news times tally with your geo zone.
7 Money Mangement
Once you decide to enter the trade
after your analysis; choose the expiry time, amount and then choose
"UP" or "Down" ( 5min or higher is more suitable but you
may use any time based on your trading pattern. Also stick to a fixed amount
for each trade rather than using various amounts for each trade )
In case the demo account capital
falls below 5000D, you can reload it using "Make a deposit"
yellow button on top. Click "Deposit upto D10,000"
which appears on the pop up window. It will get fully reloaded !
Once you are successful in demo
practice account, you may enter live trading as per the below details.
4.
How to deposit real money to Olymp Trade Binary broker ?
You can add real money to your
account at any time and start live trading. So let's see how you can do
it.
Click on "Make Deposit"
yellow colour button on top. You will get a popup window as below one.
Then choose "Deposit From
$10" at the very bottom
So choose any preferred payment method
Then
you will get a window as below one. You will get a Bonus when you deposit above
$30 but this bonus amount cannot be withdrawn. So if you think it will help you
in trading, you may choose bonus as well. Also please remember that
trading is a high reward investment but carry a high level of risk. Therefore
invest only what you can afford to take a risk with mate
You can deposit $10 to $5000 at a
time. Depending on the amount you plan to deposit, The "account
balance" will show how much will be credited to your account
and how much you will get with bonus on right hand side. If you do not
want to get bonus, Choose "No Bonus" instead of "Deposit
Bonus" from "Bonus" section. ( if you wish to receive
a VIP account, You will have to deposit $2000 or more. In VIP accounts,
they allow certain number of non risk trades ).
Ok, Let's choose the amount you wish
to deposit and click "Deposit" button. Then you
will get a page where you have to enter the ewallet / card details to make the
payment. That's it !
5.
How to make money withdrawals to e-wallet ?
You can do it easily. Go to
"Menu" ( The three dash icon on top left ). Choose "Withdraw"
link in it. Then from the next page that you get, enter your skrill /
neteller account details and amount you need to withdraw. Finally choose"Send
a request". You will receive you funds within a maximum of couple
working days.
6.
How to verify account
a)
Email Address Verification ( If it is not done yet )
If you still did not verify the
email address. Please login to your email account and looks for a confirmation
email from Olymp Trade broker ( Also check the j-unk folder as well. Sometimes
it may land in it depending on your security / email server settings ). Once
you locate the email, open it and click the confirmation link in it.
b)
Phone Verification
Go to "Menu" ( The three
dash icon on top left ). Choose "Profile" link. Then verify
your phone number by filling the necessary details ( Some times the sms
verification code takes time to come. If it happens to you, try it again on
another day and it will work )
c)
Two-factor authentication for better security
Go to "Menu" ( The three
dash icon on top left ). Choose"Profile" link. Then choose
"enable" for "Two-factor authentication"
. You will receive a sms code. Enter it in the profile page and get it
confirmed ( You can disable this feature by using "Disable"
button in front of it at any time)
d)
Identity Verification in Olymp Trade Binary Broker
Basically you will require :
Passport or National Identity Card in English Langauge ( or National
Identity card in Sinhala and Driving License )
You can submit these documents when
they request you to do so. If you wish to get it verified before that, you may
send a message to live chat saying that you need to get your account verified,
they will send you an email address to which you need to send the necessary
documents. You will need the following documents.
i) Selfie photo with your Passport (
page that contains your details ) where your face & shoulders should be
clearly visible.
( Those who do not have Passport will have to take a selfie with both local
language NIC and Driving License )
ii) Scan or Camera copy of the page
in passport with your details.
( Those who do not have Passport will have to take a scan or camera copy
of both sides of NIC and Driving License )
iii) Screenshot of ewallet ( Skrill
/ Neteller ) showing clearly your account number and payment transaction
details to Olymp Trade
Your account will get verified in
around 2 - 14 days.
Regulation
Body of the broker
International Financial Commission ( FinaCom ) of Belize Government regulates Olymp Trade
broker. You can learn more about it using "Regulation" menu
link in website. You can trade safely as Olymp Trade is a regulated
broker.
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