Discover Binary Options with Olymp Trade

Why is it easy to make money online? 

Today we spend a lot of time online and it’s not surprising that many of us started earning money online as well. Millions of people around the world work from home or while they are travelling. We could make up a lengthy list of pros (or cons) of making money online. However, one thing we are sure about is that working for yourself gives you independence. Among numerous ways of earning money online, trading is becoming more and more popular. Traders, who are ready to work and have what it takes, are guaranteed to get stable income or even total financial independence.   

Why binary options?

The internet is full of articles on how easy and fast it is to make money trading binary options. It is somewhat true. The trading principle is pretty simple, you just need to forecast the price direction of a certain asset over specific period of time. You choose the asset (currency pair, stocks, etc.) and the time period (from one minute to ten hours) yourself. The payout depends on different things but usually it is around 80%. So, if you open a 100$ trade and your forecast is right, you will get 80$. This high return  and the fact that it is relatively easy to trade attract many people. Plus, to start trading you will only need a laptop or mobile phone with internet connection. 

However, we can easily imagine how even such a simple thing as forecasting asset price direction might startle a newbie. Financial markets intricacies, forecasting subtleties, different assets and so on...New traders, if they take trading seriously, will have many questions just reading about binary options, let alone when they see the trading platform for the first time. You will just have to learn. Obviously, it is best to learn and practice in the platform where you will be actually trading later. Thus, it is really important that you choose a good broker. 
 

A good broker will do everything to ensure your comfort and convenience. In particular, it will provide plenty of educational materials and a demo account where you can practice before starting trading real money. One of the companies that will support you at the beginning of your career and ensure your comfort is Olymp Trade.  

Olymp Trade: enhanced education opportunities

As we said above, Olymp Trade will make your trading comfortable and help you learn the ropes of binary options. With Olymp Trade you will learn technical analysis that will help you trade more effectively and make quick profit. The broker provides a variety of assets, such as currency pairs, commodities, stocks, indices and cryptocurrencies. Minimum trade is 1$ and minimum deposit is 10$. These small amounts will allow you to start trading in the real account. The payouts are around 80% - 90%, depending on the type of account. But before you start earning real money, it is best to practice and test the broker in the free demo account. It will help you to get into binary options trading and get used to the platform. 

Olymp Trade has developed a unique trading platform with user-friendly interface and direct access to the educational materials. In your demo account you will see trading assets, charts, Technical Analysis button, trade info, as well as links to webinars and helpful instructions. Recently the broker has introduced another useful update. All accounts now have a second screen with links on educational materials. You will be able to access the educational sections with only one click. For example, you can get info on different trading strategies directly in the platform. This nice feature makes trading and learning even easier. 

On Olymp Trade site all traders will find various educational information, from the very basics of trading, to peculiarities of different indicators. Newbies will find video instructions especially helpful. The broker team will help you choose an asset, explain the difference between them and so on. For instance, let’s take one of the most popular assets - EUR/USD currency pair. When you trade binary options, you make a prediction about the direction of the rate of the first currency against the second (down/up). Thus, if the market price of 1 EUR is  1.06 USD, the chart in your platform will be at level 1.06 USD. You will need to predict if this level is going to move up or down. Depending on whether your forecast was correct, you will either get profit or not. Such detailed instructions and educational materials are arranged into thematic subsections. You will be able to start from the very beginning and go to more complex things or just choose a topic you are interested in. 

Should I trust Olymp Trade?

Not only does Olymp Trade offer quality educational materials and unique trading platform but it also cares about its clients safety. The broker has clients in more than twenty countries. The company is a member of International Financial Commission, which means the clients’ deposits are insured. The other sign of trustworthiness is the rating and number of downloads of Olymp Trade app in Google Play. The app has been downloaded 5,000,000 times and the average rate is 4.2 (as of December 2017). However, the best way to make sure that you’ve made the right choice is to talk with people who work with this broker. For example, on the broker’s official FaceBook page you can talk with actual traders and ask their opinion and thoughts about the company.