Forex is a shortened term derived from the words “foreign exchange.” The Forex market is where various currencies are traded at an agreed-upon price on Olymptrade Trading Youtube the exchange. Forex trading Olymptrade Trading Youtube is literally making trades of one currency for another at a specific price.. Forex trading Olymptrade Trading Youtube is one of the most Olymptrade Trading /10() New data on the amount of Bitcoin being scooped up by crypto whales and retail traders signals the bottom is in, according to on-chain analyst Will Woo. Woo is taking a close look at the flow of BTC to and from Olymp Trade Youtube Video crypto exchanges/10() 28/05/ · This video will help you take the first steps in Forex trading on the Olymp Trade blogger.comibe: blogger.com confidently and make money Author: Olymp Trade Global
2 Basic Strategies for Trading Forex on Olymp Trade - Official Olymp Trade Blog
There are plenty of strategies on trading Forex. They are based on various forecasting systems that have been developed over decades. However, the accuracy and reliability of these systems is not always the same, and it is sometimes very difficult to figure out which strategy will be working and suitable for you. If you are looking for a better strategy, but have not found anything good enough yet, pay attention to the basic techniques described in this article.
We have chosen two strategies for working on Olymp Trade Forex especially for you. These strategies have repeatedly proved their efficiency. We hope that you will find useful at least one of them. This trading strategy is good for trading various instruments, including stock, currency, cryptocurrency and other assets. To enhance the result, use it with indicators, graphic and candlestick patterns.
In our example, the SMA indicator is a conditional benchmark for the market balance. If the asset price is much higher than the SMA line, we olymp trade forex trading youtube expect the quotes to return to it soon. In screenshot 1, there is a typical situation for this strategy: the chart has risen too much in relation to the SMA and we opened a short trade, olymp trade forex trading youtube.
We remind you that you can buy and sell currencies, commodities and crypto assets on Olymp Trade. However, it is just one of the ways how one can use the strategy. You will find the olymp trade forex trading youtube of other mechanics below. Step 1 : switch to the candlestick chart with a timeframe from 1 minute to 4 hours. You have already come across the first type of the signal —a search for overbought and oversold assets. In the first case, the chart should be much higher than the indicator line.
In the second case, it should be below that line. Unfortunately, one cannot specify the entry point using the SMA, olymp trade forex trading youtube. But even if you are guided by a rough estimate, the asset price will return to its balance sooner or later. Many traders use the RSI or Stochastic Oscillator indicator to confirm the olymp trade forex trading youtube, which clearly shows overbought and oversold zones screenshot 2.
The second way of getting a signal is more reliable: you should wait until the SMA line is broken and the the first candle appears after the breakout.
In screenshot 3 you can see the candles, which must close right before you make trades. Stop loss or closing a position with a negative result should be set behind the SMA line. In this case, everything is logical: we close a losing trade when we get the opposite signal. There is a third way to earn on the SMA : you should add one more.
We will search for the intersection of two SMAs as a signal. To do it, add a SMA screenshot 4 to the SMA you already have. The new average will act as a signal, as it is more sensitive to the asset dynamics. The longer the timeframe of the chart you analyze, the higher the probability of getting a quality signal. In some cases, the Stop Loss recommendation from the SMA strategy we have previously described remains relevant.
In screenshot 5, there is an example of a trade made using the first method of trading Forex with SMA, which resulted in doubling our investment within one hour. Some traders open trades right before the report is published.
However, there is a much safer way:. There you will find the most important economic news in different countries. Please note that there is a flag of a country next to each event in the second column. This means that the currency of this country is likely to react to the news. The report on US oil reserves, olymp trade forex trading youtube, which has greater olymp trade forex trading youtube on the dynamics of oil trading than on the USD, is the only exception.
Such situations are not so good for trading, as soon as the market is hardly ever enthusiastic about them, olymp trade forex trading youtube.
If the indicator in the country is better than expected, it is better to open a long position on its currency. For example, we chose the UK in screenshot 7. Its official currency is pound sterling GBP. Go to the trading platform and open the list of assets. To make the search easy, enter the abbreviation of the currency you need. To make money on the positive news, you have to buy the pair, where the currency of this country comes first, olymp trade forex trading youtube.
Or sell the pair where this currency takes the second place. Olymp trade forex trading youtube screenshot 7, we indicated a positive report in the UK. Against this background, we should long the British pound. The reverse condition applies to opening a position after negative news or a financial report comes out. The result of the strategy is presented in screenshot 9.
The news supported the British currency. The market does not always quickly react to the report. In our example, the chart did not show a defined trend in the first hours after the news release, but the pound strengthened significantly within one day. This way, we have showed you some of the most famous strategies for trading on Olymp Trade Forex.
If you have never used market analysis techniques before, start with the ones presented above. As time goes by, you can improve these instructions and someday become an author of the best strategy for working on Olymp Trade. In conclusion, I would like to remind you of the most important rules for using strategies:.
And do not forget to watch webinars on Olymp Trade. Everyone can ask a company expert any question about trading. Start trading. Crypto trading: how to determine whether a broker is reliable? The Ultimate FOREX Guide for Beginners I.
Username or Email Address. Remember Me. SMA indicator and trading the news. The SMA method of market analysis This trading strategy is good for trading various instruments, including stock, currency, cryptocurrency and other assets.
Screenshot 1 Screenshot 1 However, it is just one of the ways how one can use the strategy. Step 2 : set the period of a SMA indicator. Step 3 : start searching for a signal. Screenshot 2 The second way of getting a signal is more reliable: you should wait until the SMA line is broken and the the first candle appears after the breakout.
Screenshot 3 There is a third way to earn on the SMA : you should add one more, olymp trade forex trading youtube. Trading news on Olymp Trade Forex Novice and professional Forex traders always study the economic calendar very carefully.
However, there is a much safer way: Step 1: open the economic calendar — screenshot 6 There you will find the most important economic news in different countries. Step 2. Screenshot 6 Step 3. After the news comes out, compare the readings in the Actual and Forecast columns. Screenshot olymp trade forex trading youtube Step 4: Open the trade. Here is a list of major currency abbreviations: EUR—Euro GBP—Pound JPY—Yen CAD—Canadian Dollar AUD—Australian Dollar NZD—New Zealand Dollar CHF—Swiss franc USD—US Dollar To make money on the positive news, you have to buy the pair, where the currency of this country olymp trade forex trading youtube first.
Screenshot 8 The reverse condition applies to opening a position after negative news or a financial report comes out, olymp trade forex trading youtube. Screenshot 9 The market does not always quickly react to the report. In conclusion, I would like to remind you of the most important rules for using strategies: 1. Each trade must be justified by the strategy signal. Be sure to use Take profit and Stop loss in Forex mode. Use your demo account to test new methods of price analysis.
Combine various methods of technical analysis. Tags forex trading strategies. Risk warning: The information provided does not constitute a recommendation to carry out transactions.
When using this information, you are solely responsible for your decisions and assume all risks associated with the financial result olymp trade forex trading youtube such transactions. Related posts. Protect Your Profits with the Trailing Stop Loss Tool The Trailing Stop Loss tool is one of the most powerful means traders have in their arsenal. By using the Trailing Stop Loss, investors can lock in profits and minimize damage Choosing a trading platform is an essential olymp trade forex trading youtube of successful crypto trading.
Halal accounts on Olymp Trade The accounts that the Olymp Trade platform offers its users from Muslim countries meet all the requirements of Islam. The Ultimate FOREX Guide for Beginners II The Forex market can be a great way for investors to trade profitably and millions of investors participate daily. However, before getting into the Forex markets, traders should Leverage: How It Works on Olymp Trade Forex trading is pretty straightforward, but some people can be confused by the leverage function.
Here, we explain how to trade on Olymp Trade with leverage. Stop Loss and Take Profit Success is just a matter of time.
Forex Trading on Olymp Trade $185
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