Thread: Olymp Trade reviews

As far as I understand many find the forex platform more beneficial and suitable for newbies? Is it easier to make money on it?

In my opinion, you can make money on it, but it’s not easier. Although I’m trading now on a Olymp Trade forex platform , and I think, the options are more suitable for the newbies. The options itself is an easier to learn. Of course, to make a price forecast is not an easy task. Nevertheless with the options, a newbie should concentrate only on two parameters – direction and expiration. And the decision is made only once – at the moment of deal opening. On forex you should evaluate the situation all the time, the deal can be opened a few days or even weeks, and every day you should check if it’s still worth to keep it opened. Each market has a pros and cons.

Oh, clear. Actually, I was going to learn both platforms anyway. I’m just making a decision, where will be easier to start…

The biggest economic market is Forex market. Daily exceeding volume is more than $4 trillion. People are very interested to do this profitable business and seek for a reliable broker. To make high profit rapidly I join at Forex4you trading platform. They have the best facilities for making profit rapidly. They have the narrowest spread from 0 pips, instant market execution, flexible high leverage 1:1000, smart bridge of technology and error free trading platform.

broker selection must be able to be considered well, this is needed so that traders can become better and can get more leverage in carrying out trading activities to be even more leverage in getting security and comfort like what I get from Tickmill.

It’s difficult to say what’s easier to start with. People who started trading options tend to stick to this type of trading. Others, who got used to forex first, find options either too complex to understand the “philosophy” behind, or too limited in opportunities they give. If you ask my opinion, I would suggest to go ahead and start with forex. If you get used to options, you’ll find it more difficult to trade forex afterwards.

Why do you think forex gives more opportunities? It all sounds like options platform is more plain and easy to understand, but for some reason you think that if I start with options, I’ll still get my way to forex sooner or later. And then its going to be a problem. Correct?

Not exactly. I mean, not necessarily you will want to try forex. But most of the options traders I know do find it necessary to switch to forex market at some point of their career development. This is because when trading options your potential gain and loss are limited from the very beginning. As well, you can’t really do much about your open position when trading options. Its very similar to tossing a coin, but with some scientific approach to deciding whether you bet on heads or tails. The commonly known rule every trader knows is “Cut your losses and let your profits run”. It’s only applicable at forex. This is why people tend to quit options for the sake of forex/ETFs trading.

Easy-peasy! Thank you, this worked well and was exactly what I was looking for!

Originally Posted by Cerdred

Easy-peasy! Thank you, this worked well and was exactly what I was looking for!

Ups, sorry... Wrong thread...