Thread: Olymp Trade reviews

that's why it will be very important for novice traders to be able to take advantage of existing educational programs, this is needed so that traders can become better and can get more leverage in improving existing trading skills by utilizing Tickmill's education program.

Originally Posted by Journalph

Congrats! So how is it feeling with real money trading?
Just curious, why you decided to trade options only for now? I thought you were more interested in forex.

Thanks! I'm OK, but real money trading is definitely a bigger challenge. My heart beats faster in front of a trading terminal than it does when I'm working out in a gym, lol.
No secret at all about forex. With options I only need to identify the entry point and the direction as you know. With forex there is another thing to worry about. I mean exit points. Also trades should last longer with forex and I don't always have much time to watch my open positions. I'm planning to return to forex later though, when I'm used to this stress and have more time.

The heartbeat problem will go away with experience. The most important thing here is to have a trading strategy and know exactly how to follow it. Once you have a strategy, you keep doing what you've got to do and leave the results up to market. If strategy is good, with some ups and downs but you will inevitably start gaining profits. This is an amazing feeling when you withdraw the first profits. I'm a little jealous you still have this experience ahead :-)

Thank you, that's very encouraging. By the way, speaking of strategies. I'm journaling all my entries when I trade options with Olymp. I've noticed that some of such trades could be done on forex with higher profits, but I don't have a proof so far. So in a journal entry about the trade I note what was the entry, where did the price go and what was the max profitable excursion for such a trade. If the data on at least 50 trades will show that MFE was really significant, I'll reconsider my decision about trading options only. Fortunately Olymp Trade has got forex platform as well, so I won't need to transfer funds to switch to forex.

broker selection must also be able to be considered properly, this is done so that traders can be better and can get more leverage in getting security and comfort like what I get from Tickmill.

Originally Posted by Mogas

Thank you, that's very encouraging. By the way, speaking of strategies. I'm journaling all my entries when I trade options with Olymp. I've noticed that some of such trades could be done on forex with higher profits, but I don't have a proof so far. So in a journal entry about the trade I note what was the entry, where did the price go and what was the max profitable excursion for such a trade. If the data on at least 50 trades will show that MFE was really significant, I'll reconsider my decision about trading options only. Fortunately Olymp Trade has got forex platform as well, so I won't need to transfer funds to switch to forex.

Statistics is an interesting field of science. Numbers are too easy to manipulate to prove or reject some hypotheses. I don't mean manipulating the numbers in a common sense, but I mean that there is a danger that you choose certain specific parameters to investigate that would prove you are right or wrong depending on the result that you want to get. So before you decide whether you want to trade forex or options, better try both real-time and you will get more reliable results.

Totally disagree. Market is a battlefield. You can't win here simply by raising your sword here and there. Numbers, charts, indicators and statistics all come to help here. Yes, statistics is not a precise science and there is a chance that you gonna miss some important parameters in your analysis. But this is not a reason to reject the approach totally. My experience with Olymp has got much better when I started paying more attention to correlations and numbers. It can really bring trader to a new level.

I know what both of you are saying. To tell the truth, keeping stats and working on them is very tiring. Even though I suspect forex can be more profitable, but at this point I'm totally satisfied with how it all goes on options market, so for now I guess I'll just do my best to keep up the good work with options. I can always return to forex if i wish and I won't even have to change the brokerage, which is really nice as I've already said before. Was a good decision of Olymp to offer both opportunities on the same platform. They don't have too many features and I still think there could be more indicators there, but some nice ones like this easy switch between options and forex + easy withdrawals make a good deal overall.

the selection of the existing broker must be able to be considered properly, this is necessary so that traders can pay attention to the existing regulations and can be more leverage in getting the security and comfort of trading with Tickmill.