One of the platform’s main priorities is helping its customers know more about trading, gain experience, and master new skills. Read on to understand why these things are vital for making profits and how to get the most out of the Olymp Trade learning resources.
Does Learning Affect Your Earnings?
Absolutely. There is a solid reason why traders should invest time in their education.
Though the basic idea behind trading is easy to understand, it takes some time and effort to become successful. It’s a big mistake to think that your profits depend on how lucky you are.
Among other things, you should:
- Master the basics of technical analysis and money management
- Determine your trading goals and the level of your risk tolerance
- Understand how markets react to economic and political news
- Dig into several popular trading strategies and choose those that suit you best
- Learn to control your emotions, the world’s worst trading advisors
There are many naive traders who are always on the lookout for a "foolproof" trading system with guaranteed profits. This attitude is faulty and often results in disappointment and loss of money.
Serious traders, on the contrary, look for mentorship and step-by-step instructions. They follow the news, make their conclusions, and compare them with experts’ predictions. They accumulate experience and use every opportunity to get trading advice, especially if it’s free.
Olymp Trade highly recommends that you take the second approach. It’s a solid business interested in long-term relationships with its customers and their positive feedback. That’s why the platform’s team is ready to support you on your way to sustainable profits.
If you agree, read on to know where to look for the Olymp Trade learning materials.
Don’t have an account yet? Use this link to create it now.
Start with Olymp Trade’s Help Center
It’s located on the left sidebar (Help -> Answers to questions -> Help Center) and provides newbies with a detailed and constantly updated knowledge base.
Here, tons of trading wisdom is broken into easily digestible and logically compartmentalized articles. They are often accompanied by brief video tutorials and quizzes. In our world of fast-paced and busy lifestyles, such an approach is perfect for most people. It makes information instantly available and ready for use.
In the Help Center, read about different trading modes, chart types, fees, deposits, and withdrawals. There are also articles on trading strategies and indicators, the platform’s unique features, events, and many other things. Don’t ignore the detailed instructions for the deposit methods available for your location.
Ready to dig deeper? Go to Help with Trades for the tutorials that will help you take the first steps in each of the available trading modes: Forex, Fixed Time Trades, and Stocks.
Now, let’s move on to other Olymp Trade learning resources.
See the Platform’s Blog for Detailed Articles
Olymp Trade’s blog has quite a few insightful articles on popular topics. They include chart patterns, money management tips, trading strategies for different skill levels, and various assets. See all this content here.
Additionally, the blog offers weekly analysis by Olymp Trade’s experts who explore the market from technical and fundamental points of view. The advantage of this format is that it lets you understand what factors make markets move and how you can benefit from price swings.
Finally, you can find Olymp Trade learning materials on websites like Mouthshut.
For instance, here is an excellent guide to the Olymp Trade Candlestick strategy.
Scroll Through the Platform’s Facebook & Instagram Feeds
The Olymp Trade’s official pages on FB and IG regularly publish educational content too. Some of these bite-size posts give you a basic understanding of various trading strategies, indicators, and signals. Others highlight the main rules of money management, help compose a trading portfolio, and more.
All this great information helps Olymp Trade customers achieve big and small financial goals, and you can see them firsthand from their inspiring Success Stories.
If you want to connect with other traders from your country, join your local Olymp Trade group. Here, you can ask a question about a platform’s features or share your own experience to help others. Local communities are great for learning more about Olymp Trade if you prefer peer-to-peer advice.
Subscribe to the Platform’s YouTube Channel
Are watching videos your favorite way of learning?
Then join Olymp Trade Global on YouTube.
Not only will this channel keep you updated on the platform’s latest developments, but it will also give you access to many helpful videos.
Topics include:
- live trading sessions by the company’s experts
- weekly market reports
- training courses
- how-to guides and explainers
- master classes, and more
Remember to tap the notification bell to not miss anything important.
Use a Demo Account to Practice
A demo account funded with $10,000 in virtual currency is an awesome opportunity to safely get your feet wet before diving in. These funds are replenishable, so you can experiment with different trading strategies and modes as long as you want without risking your real funds.
Advantages of using the Demo Account include:
- getting familiar with Olymp Trade’s interface and toolkit
- learning to adjust chart settings to see what configuration suits you best
- understanding how prices change in different conditions
- developing and fine-tuning your trading style
- determining why you lose on trades and correcting your decisions
The only downside to this Olymp Trade learning method is that you cannot earn real money by demo trading. So, remember to switch to a live account when you feel confident.
Participate in Trading Events
Olymp Trade regularly holds trading tournaments for its customers. These competitions are often related to local and global holidays. Go to the Events tab on the left-hand sidebar to check for ongoing or upcoming tourneys.
Most contests are designed for traders of different skill levels, so even beginners are welcome to join them. It’s a fantastic opportunity to:
- sharpen your trading skills in a boot camp environment
- increase your confidence
- get better fast by working under pressure
- feel the joy of achievement and adrenaline rush
- win valuable prizes like cash, deposit bonuses, subscription to paid features, status upgrades, gadgets, etc.
Besides, we recommend that you monitor your local group’s feed for smaller-scale trading competitions.
Are Olymp Trade Learning Resources Free for Everyone?
In most cases, the broker’s educational materials are available to all traders regardless of their status on the platform. You pay nothing for using the Help Center and its tutorials. The same applies to Olymp Trade’s blog and YouTube channel.
Though some materials may be reserved for Expert traders, the bulk of the platform’s content is accessible to everyone.
If the Olymp Trade learning resources are not enough to answer your question, feel free to address it to the broker’s support team. These folks are available 24/7 and will be happy to help you solve any platform-related issues. To open a chat with online support, go to Help -> Answers to questions -> Support.
Recap
Constant self-education is essential if you want sustainable profits. In this sense, trading is similar to sports activities. There are no sure-fire ways to get rich or fit overnight. On the other hand, consistent effort, patience, and a strong desire to accomplish your goals will lead you to success.
Ready to start trading? Create an account on the platform and begin with learning the basics. Good luck!
