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2023-04-07 11:30:29 It’s time to share our fresh Turnover Data.

Last month, traders made 2,704,345 trades on Forex our platform.
How was your performance during this period?

Every day comes with a new opportunity to make a profit!

Olymp Trade English Open / Comment

2023-04-07 10:33:18 Can you find the solution?

Best of luck

Share the correct answer in the comments!


Olymp Trade English Open / Comment

2023-04-06 14:02:30 Pivot points (PP) help determine areas where the direction of price movement may change.

How are pivot points calculated?

Pivot point = (previous high + previous low + previous close) / 3

When the price is above PP, it may keep rising until it hits resistance. If it’s below PP, it may keep sliding until it hits support.

Where are the support and resistance levels?

Support 1 = (PP x 2) – previous high
Support 2 = PP – (previous high – previous low)
These levels are below the main PP line. They may support the price and initiate an upwards trend.

Resistance 1 = (PP x 2) – previous low
Resistance 2 = PP + (previous high – previous low)
These levels are above the main PP line. They may limit the price increase and initiate a downwards trend.

How to use pivot points

Once the price bounces off or breaches a level, the next level will be the target. PP can be effective on short-term timeframes, like M15.
The pivot points indicator is available on Olymp Trade

Try it out

Olymp Trade English Open / Comment

2023-04-05 13:30:22 Here’s some useful trading information that every trader should know.

Certain candlestick patterns form at support and resistance levels, or at important price levels.

A bearish trading pattern can be identified by a decrease in buying volume, which results in a price reversal to the downside. To capitalize on this trend, it’s important to pay attention to the previous support level and identify the recommended level for opening Down trades.

Conversely, a bullish trading pattern is marked by a decrease in selling volume and a subsequent reversal in price to the upside. To take advantage of this pattern, it’s crucial to identify the previous resistance level and determine the recommended level for opening Up trades.

Save this post to keep this useful information on hand.

Olymp Trade English Open / Comment

2023-04-05 12:10:57 The US unemployment rate will be released on April 7 at 12:30 UTC. It represents the percentage of people in the US labor force who are actively seeking a job and are ready to work.

Potential scenarios:
Data above 3.6% may drive EUR/USD up.
Data below 3.6% may drive EUR/USD down.

What’s your forecast?

Olymp Trade English Open / Comment

2023-04-04 12:57:38 Guess the company! 

An American subscription streaming service and production company. Founded before the Dot Com bubble, it offers a film and television series library through distribution deals as well as its own productions.

Which company is it?

#trading #stocks

Netflix - 48
76%
Google - 8
13%
Hulu - 7
11%
63 человека уже проголосовало. Open / Comment

2023-04-04 12:02:04 GDP, or Gross Domestic Product, is a crucial indicator of a country’s economic growth

A high GDP implies that the country’s economy is expanding and businesses are thriving

Some of the benefits of high GDP are:
Improved standard of living for citizens.
More job opportunities.
Better infrastructure.
Increased foreign investment.

At Olymp Trade, we keep a keen eye on GDP changes and provide our traders with insights and analysis on how those changes impact the financial markets.

Olymp Trade English

#OT_trading_glossary Open / Comment

2023-04-04 10:04:45 AMD (Advanced Micro Devices) is a US-based manufacturer of integrated electronic circuits, central processing units, graphics processors and adapters.

What is driving the growth of AMD’s stocks?

AMD’s stocks surged following their positive earnings report, which indicated that they offset the decline in the personal computer market with growth in the profitable data center market.

In the last quarter, AMD’s data center revenue rose by 42%, compared to a 33% decline for Intel’s same vertical and their AI subdivision over the reporting period. With their faster and smaller chips, AMD has overtaken Intel, even though the data center market has slowed down in recent months.

How should you trade AMD now?

During an unstable economic situation in the stock market, intraday trend trading in the FX mode using x20 leverage would be the most profitable strategy for AMD. With a 1% price change potentially boosting profit by 20% and the average intraday price fluctuation range of 3-5%, you could earn 60-100% profit per day (with x20 leverage).

This strategy allows you to profit from both price growth and decline.

What are AMD’s prospects?

AMD’s cutting-edge design is expected to keep them ahead of Intel in the data center domain.
According to analysts from J.P. Morgan, AMD’s share of the server market is expected to grow by 5-7 percentage points this year, with a projected range of 28-30%.
This is an optimistic forecast for AMD’s long-term prospects.

Olymp Trade English Open / Comment

2023-04-03 13:57:09 What kind of trading style is right for you, and what’s it all about, anyway?

Find out more about scalping, position trading (day trading) and swing trading.

We’re back with some more info about the key basics of trading. In this new video, our financial analyst Alex will help you discover your personal trading style and pinpoint the right combination of time investment, risk and return.

Watch the video to customize and improve your trading style.



Open / Comment

2023-04-03 13:01:29 Explore our weekly calendar to learn about upcoming economic events. This information will help you prepare for possible market movements and set trading alerts.

Olymp Trade English Open / Comment