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  • Rokyn
    started a topic Olymp Trade review

    Olymp Trade review

    Hi! what are you thinking about olymptrade? trusted?

  • Gishke
    replied
    What else can be used as a reference point in addition to graphs?

    Leave a comment:


  • Rokyn
    replied
    And what did I say? Focusing on the most of the traders' opinion isn't really a reliable thing. It's easier to work on technical indicators. In the Olymp trade platform, you can set several indicators below the chart right away.

    Leave a comment:


  • Gishke
    replied
    So, I looked at how the sentiment indicator works and realized that it's quite a peculiar tool. Half of the time it shows 50/50 and in such conditions it's quite difficult to draw conclusions ragarding future trends.

    Leave a comment:


  • Rokyn
    replied
    Social trading actually involves copying of transactions and strictly speaking trading with the Sentiment indicator is just a kind of social trading. The indicator might help you in studying trading and might also be useful during the first steps, but I wouldn't recommend you dwelling on it. It's better to learn how to analyse the market yourself, although Sentiment can be useful sometimes when you, for example, identify a trend on the news. By the way, brokers rarely offer this indicator for margin trading on forex. I think it's one of Olymp's advantages.

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  • Gishke
    replied
    I see. And generally, can this indicator be practically applied? Should I study it more thoroughly?

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  • Droid
    replied
    This indicator reflects the ratio between buys and sells of Olymp Trade clients'. If the amount of deals is the same, it means either traders don't see the trend or there are simply no deals. The last thing usually happens at night.

    Leave a comment:


  • Gishke
    replied
    I've noticed that there's the Sentiments indicator on Olymp's platform, but it often doesn't show anything, i mean, 50/50. What can it be connected with?

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  • Rokyn
    replied
    I see. I just thought it's better to study the theory first and then proceed to practice. I'll give it a try

    Leave a comment:


  • Humblemen
    replied
    A simple platform with 2 buttons – buy and sell – is quite enough to trade fundamentals and futures on forex. At the same time, the indicators and all the assistant-experts are useful for position trading when you need to place orders on a long term trend or you just need to identify the trend. Maybe it's better to decide first, what type of trading is more attractive to you?

    Leave a comment:


  • Rezisod
    replied
    You don't have to learn gardening, if you just want to eat a couple of apples)) The Olymp web-platform an the MT terminal are very different functionality-wise. They have the same purpose though. I think the ability to use a couple of dozens indicators is a more useful skill than setting up indicators or anything else. It is more important to work on the real market. You'll have to create your own strategies anyway. You can't create them without experience and you definitely can't find ready-to-use and working strategies on forums, as the market is constantly changing.

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  • Skill
    replied
    Well, there are not so many opportunities compared to the terminal. There are thousands of indicators and a bunch of experts developed for the terminal. Besides, if you study the subtleties of the MetaQuotes terminal and create your strategy, then you can program your own personal trading expert. You can even rent a VPS server to work 24/7. There are a lot of opportunities! Olymp has a couple of dozens indicators and the function of manual work.

    Leave a comment:


  • Rokyn
    replied
    The local platform is very different from MT4. I tried working with the terminal before that, it was very difficult. I read tons of informations, how to trade there and program, and here you just log in a you're ready to trade. It seems like a trap. I think forex requires a more serious attitude. Doesn't it?

    Leave a comment:


  • Humblemen
    replied
    Of course it's better to see for yourself. You saw the minimum deposit, you can actually try with the demo account to get used to the platform. I think you won't regret it in case you don't make silly mistakes. I can't see any obstacles. Just don't count on buying yourself a lexus in the end of the week.

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  • Rokyn
    replied
    I've been considering olymp trade for quite a while. I've read all the information on their website. This company is on the top in some rankings. It's still better to try yourself.

    Leave a comment:

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