OlympTrade English

2023-03-28 17:30:10 Use these simple tips for a better understanding of the logic behind an asset’s price dynamics:

Open any asset and observe how it has been moving throughout its history.
Find the moments of the most dramatic spikes.
Find out what triggered the rise or fall.
Mark the important events on the economic calendar and find the correlating pattern in the price movement.
After you have identified the cause, trace the further asset movement.

Whether you are a newbie in trading or an expert, Olymp Trade offers the best tools for you to excel your trading skills.
Try them now by visiting our platform.

Olymp Trade English Open / Comment

2023-03-28 11:00:37 On March 31 at 12:30 pm UTC, Canada will publish its Gross Domestic Product (GDP) changes report — the main indicator of the economy’s health.

Here’s how the news could influence the market:
A rate below 0.0% may drive USD/CAD up.
A rate above 0.0% may drive USD/CAD down.

React with + if you agree with this forecast.

Olymp Trade English Open / Comment

2023-03-27 13:31:02 Our new weekly calendar is here!
Check it out to see when important economic data is due for release. This info lets you track events that may affect major currency pairs.

Olymp Trade English Open / Comment

2023-03-27 12:35:32 Last week was full of economic events and news. Did you have a chance to apply our insights to speed up your reaction to the market?

Let’s observe the previous week’s assets with the biggest profit potential:

AMD, an American semiconductor company, announced a 25% increase in profits and a 16% increase in revenue, indicating a continued upward trend.
The American banking system crisis and the potential suspension of global financial stimulus supported the rising Bitcoin price.
Oil prices significantly decreased while hitting their lowest point of the year. The reason for this is the continuing US banking crisis and the likelihood of more financial institutions collapsing worldwide.

Do you think these trends will continue throughout the next week? React with or .

Olymp Trade English Open / Comment

2023-03-25 12:01:47 Unsuccessful trades upset you, debilitate you, lower your self-esteem?

Watch the new video from Olymp Trade experts and learn how to cope with failure in trading.

Failures will happen, so learn to expect them. Find out how to protect your assets from needless risks and your nerves from excessive strain.

Watch the video and up your trading game.

Olymp Trade English Open / Comment

2023-03-24 17:01:31 There is always a little room for optimism, isn’t there?

Two days after Silicon Valley Bank announced it would raise capital, the $200 billion company collapsed in the largest bank failure in the US since the global financial crisis.

React with if you can relate.

Olymp Trade English Open / Comment

2023-03-23 16:30:26 Understanding candlestick patterns is a fundamental aspect of any trading routine.
In the picture, you can see what the patterns are called and get an idea of how price movements are reflected in them.

React with to save this information for future reference!

Olymp Trade English Open / Comment

2023-03-22 18:00:26 Join Olymp Trade and Misr El Kheir Foundation this Ramadan to make a difference in someone's life.

For every 100 trades made on our platform during the first three weeks of Ramadan, we will donate a food basket to a family in need. Let's help ease food insecurity and provide relief to those affected by poverty. Every One Counts, and every trade can make a difference. Join us today and make a change with every trade!

Join now — https://olymptrade.link/dada43 Open / Comment

2023-03-22 14:42:10 Forex is a great way to develop entrepreneurial skills, as it involves taking risks to make a profit.

Read on to discover nine tips for traders who want to dive into the world of Forex.

Rely on facts
Invest your money only when you have reliable evidence of a profitable trading opportunity.

Stick to your trading strategy
Setting a clear goal will help you be more disciplined.

Don’t rush into the big leagues
Make smaller investments until you’re confident enough to scale up.

Control your emotions
Stay cool even if you lose a trade. Success may be right around the corner.

Prioritize stress relief
Meditation, music, working out — find your outlet and release the tension.

Practice as much as you can
Hone your skills on a free demo account and only switch to live trading once you’ve had enough practice.

Nurture a trader’s mindset
Riding the emotional rollercoaster leads to losses. Only an analytical approach can help you avoid that.

Be patient
Success doesn’t come in a snap. When moving towards your goal, exercise patience.

Educate yourself
It’s okay to make mistakes in Forex. Look at them as valuable lessons that help you become a better trader.

Try these tips in Forex mode on Olymp Trade

Olymp Trade English Open / Comment

2023-03-21 13:32:34 It strongly signals traders to open a position or place a pending order.

The opposite term is convergence. It describes a situation where the indicator and price charts are moving towards each other. Divergence and convergence usually indicate either a trend correction or a trend reversal.

Various indicators (oscillators) are used to display divergence. They also help determine the right time to enter the market. Below are some of the most popular ones:

MACD (the Moving Averages Convergence/Divergence).
RSI (Relative Strength Index).
Stochastic (a particular closing price of a security compared to a range of its prices).

Do you use divergence or convergence to make changes to your trades? React with or .

#OT_trading_glossary

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