Discuss OlympTrade.com

[Fenrilrajas]

I've read in the conditions that withdrawals take longer for accounts with beginner status. I am sure you will get the money soon. In any case let us know how it goes.

Advanced statuses give some advantages, but I think that the best advantage (and the most important one) is better return rate for fixed time trading. The difference between 82% and 85% does not seem to be huge, but if you trade frequently, every 3% on every trade will get collected into a nice profit after a month or two.

So this is the only real advantage that you think is there? I've got interested in consultations with Olymp Trade analysts. Do you think they are not that important?

 

[Etedus12]

Even the most experienced traders can find it helpful to speak to someone about their strategy, plans, emotional pressure, common mistakes, etc. So if you consider Olymp trade analyst as a personal coach that can give you a worthy advice or at least ask some important enlightening questions - I strongly suggest going for an advanced status. That can be very helpful to sit with somebody who understands the problems that traders face and once a month see if you are doign any progress or need changing the strategy.

 

[Fenrilrajas]

Got the point. Sounds wise enough. $500 is a significant amount, but looks like it can be worth it in a long term. Thanks!

 

[Fenrilrajas]

I've recently funded the account with a small amount to give live trading a try. Guys, what do you think of the Traders Way program that the broker offers? Did you participate?

 

[7Bulletin]

You participate automatically when you start trading on a llive account. Each trade gives you some experience points. That's a recent feature, so can't really tell much more about it. Personally, I simply don't pay much attention to these points, and trade as I normallly would.

 

[Purekiller]

Traders Way from Olymp is a controversial marketing tool imo. On the one hand you really have a chance to trade as you normally would, but on the other hand, it builds up some enthusiasm and you tend to overtrade. If you can keep emotions under control well, that can be beneficial, as some of the rewards at traders way are quite nice.

 

[Fenrilrajas]

That's what I thought. Ok, I got the point, thanx everybody!
Which rewards idd you find particularly helpful?

 

[Purekiller]

I've always wanted to use trailing stop for example and got it for experience points. For some reason the feature is unavailable at Olymp Trade platform by default and the only way to activate it is to open the reward on trader's way program.

 

[Mnefyn]

olymp has got an interesting combo of typical forex and fixed time trading. dunno why but the idea to have equal access to both tading styles sound fascinating
what do u think of the video with trading strategies that olymp issues from time to time? worth the time spen on watching?

 

[Gromvelt]

I found the videos helpful enough. I watched a lot of training materials from different sources and the ones provided by olymp are definitely not the most complicated ones, so they suit anyone, starting the zero level of previous training and experience on the market. Yet, the psychological aspects they cover from time to time will be really helpful to any trader, whether this is a newbie or a pro trader.