Olymp Trade offers a large volume of assets for traders to access and follow as they conduct their business on the platform. Currency pairs, commodities, blue-chip stocks, cryptocurrencies, and exchange-traded funds can be found throughout the trading hub. In this article, we will be covering some of the best assets to trade on including the Asia Composite Index Olymp Trade, and focus on diving into a growing trend in trading.
Popular Assets and a New Trend for the Working Day Trader
While the term “best” asset to open a trade on is a very fluid term, there are key assets that generally speaking have a stronger amount of data and available research surrounding them. The assets give traders a larger advantage with those resources to correctly predict their movement.
A popular trend of experienced traders is to invest in singular commodities allowing for trades that have been generally considered “safe” by many of the world-leading experts. This has been a mainstay of market strategy for many years.
Gold, silver, and oil are among the most highly regarded “Safe Haven” assets, while the new era is beginning to crown many of the modern technology stocks as the new guard of “safe haven” assets. This is in large part because in-home tech giants such as Netflix, Amazon, and Nvidia have overcome much of the past year’s volatility through Covid-19.
Check out some of these assets here.
While all of the assets provided by Olymp Trade are great choices, they have a few common denominators among them. Firstly, they are all singular assets that reside in several of the major indices. Secondly, every one of them, including large lists of other popular assets, has a set window for trading.
Market closures and holiday closures alike affect how frequently you can trade these market instruments. This other side of the coin ultimately limits the time a trader can spend opening and closing trades on any given day. While most people are free from work on the weekends and holidays, these assets are often unavailable.
This scarcity of availability has given rise to a new and popular asset on the market. While you have most likely heard of the terms index and indices, which refer to the large collections of assets available to traders, composite indices work differently. Below, we will thoroughly introduce you to these assets.
Olymp Trade Composite Indices
Currently, Olymp Trade offers three composite indices for traders on its platform. Asia, Europe, and Commodity. These composites are a basket of indices, equities, and securities that are compiled to easily present data on an overall market. In tandem with the accessible data, and perhaps the largest draw for these assets, is their availability for trade timing.
When opening the Olymp Trade website and after navigating to your trade window, you will need to scroll to the far right of the assets and select Composites. Once selecting the index you want, you will see insights and forecast tabs that will give you immediate and impactful information on the current state of each Composite.
Weekends, Sundays, and even holidays are not off-limits when it comes to trading on Composite Indices Olymp Trade. This should pique the interest of anyone who works a job with a common work schedule.
While the majority of indices sleep and assets close up shop for the weekend and holidays, Composite Indices, like OTC never rest. Traders can continue to profit during the most convenient time without sacrificing much stability or lack of reliable and quality research material.
Composite Indices Olymp Trade remains a strong statistical tool for grouping together assets. To indicate overall sector performance, Olymp Trade provides two regional Indices that measure the performance of continent-wide assets within the Asia Composite Index and the Europe Composite Index, the third is a conglomerate of the commodities market including the staples of natural gas, gold, silver, and Brent crude oil. Surging economic growth has seen this market grow rapidly as raw materials continue to rise in demand.
Learn more about trade timing here.
Asia Composite Index
The Asia Composite Index Olymp Trade or otherwise marked as ASIA_X on the Olymp Trade platform is a calculation based on a host of regional assets such as stock market instruments and currency pairs. Specifically, these assets provide a steady amount of volatility for day traders to navigate.
There is also a forecasting tool attached to the ASIA_X inside Olymp Trade. This gives an immediate and expert analysis of the Asia Composite Index within seconds. Traders are able to enter into their Forex and Fixed Time Trades with ease and confidence both quickly and efficiently.
This tool will give a brief and informative overview of the current state of the Asia Composite Index as well as a forecast from experts on the asset for the near future. Below will be a preview of several of the assets inside the Index that are showing similar movement.
Forex and Fixed Time traders that currently trade on Asian currency pairs and base the majority of their decisions on Asian stock market instruments will have no problem integrating this asset into their daily trading routines.
This Index works inversely by giving an overall glimpse into the entirety of the Asian continent’s economic situation. This information will frequently lead to major insights into included assets such as USD/JPY. USD/SGD, Hang Seng, Nikkei 225, and more.
Europe Composite Index
Like ASIA_X, the Europe Composite Index Olymp Trade indirectly paints a picture of the overall sector performance and current economic state of all the included European countries. This Index is characterized by calculating key assets like EC Euro Stoxx Stock Index, Britain’s Benchmark FTSE 100 Index, as well as EUR/USD, USD/CHF, and USD/NOK currency pairs.
Given the open composite indices calendar that Olymp Trade provides, traders have a great introduction for beginners and professionals alike that are looking to venture into a market that would otherwise be difficult to enter due to trade timing.
Commodity Composite Index
China’s booming economy in addition to the limited global supply of commodities has seen prices soar and investors return with heightened interest in finding ways to invest in industrial production that’s so strongly tied to its need for raw materials.
Circling back to the earlier portion of the article, commodities are heavily regarded as safe, and with a growing demand for many of them. The Commodity Composite Index is no different. The absence of market closures through holidays and weekends only reinforces the benefit of trading on this Index.
Check out these Composite Indices here.
Start Trading with Composite Indices
In conclusion, when considering which asset is best to trade on, availability should be a part of that equation. Whether you’re reading this on Tuesday, Sunday, or even on a holiday, Olymp Trade Composite Indices are in full swing and can be traded on right now.
If you’re someone who has a difficult time finding the optimal time windows for trading, these assets will give you the opportunity to trade with all the information you need. Trade on some of the most popular trading instruments in Asia, Europe, or the age-old “safe haven” commodities without sacrificing your sleep schedule to maintain a rigid trading routine. Start Trading on Olymp Trade’s Composite Indices now, or perhaps this weekend. After all, that’s why it’s become so popular.
