Olymp Trade is a cryptocurrency exchange that lets you trade over 300 different cryptocurrencies.
Unlike other cryptocurrency exchanges, Olymp Trade lets you trade cryptocurrencies for no fees, as well as lets you trade crypto CFDs.
In other words, you don’t have to buy and store cryptocurrencies to trade them.
In this article, we’ll take you through the steps to follow to start trading on Olymp Trade and answer some frequently asked questions about the same.
Introduction to Ollymp Trade
Based in Seychelles, the OLYMP TRADE company has been offering its services since 2014. It has gained significant popularity in India, as it offers good conditions for trading financial assets, including CFDs.
The provider’s clients have access to a wide range of assets, such as:
- Currency pairs.
You can trade them in pairs, as well as profit from price fluctuations.
Benefits of Using Olymp Trade
- The registration process is simple and straightforward.
- You can use your ID, phone number, or email address to register.
- There is no minimum deposit required to open an account.
- The platform offers a wide range of trading instruments, including stocks, forex, commodities, indices, and cryptocurrencies.
- You can trade in both the traditional forex market and the cryptocurrency market.
- The app is available for both iOS and Android devices.
- There is a free demo account available that allows you to practice your skills in a risk-free environment.
- There is a wide range of tools and features available on the app to help you make informed investment decisions.
Is Ollymp Trade Legit?
The legitimacy of trading with brokers like oLympitrade cannot be overemphasized, as some online trading platforms are fraudulent and can easily swindle you of your hard-earned money.
However, oLympitrade is a legitimate broker, as it has a regulatory license from the International Financial Services Commission (CIFS). It is also a member of the Financial Commission.
Therefore, it guarantees that all your funds and transactions are safe, and the standards provided are top-notch.
But, you must always perform due diligence before entrusting your funds to a broker.
You can check reviews on sites like Trust Pilot, Quora, Facebook, etc.
How to Create an Olymp Trade Account
To create an account with an OLYMP TRADE broker, follow the steps below:
- Search for the OLYMP TRADE on the Play Store or App Store.
- Download the app.
- Open the app, tap “Register,” and fill in your details.
- Confirm your phone number by entering the verification code that will be sent to your mobile number.
- Verify your email.
Once your account is verified, you can start trading.
Step-by-Step Guide to Trading on Ollymp Trade in Hindi
Now that we’ve explored what trading is and how it works, it’s time to give you an overview of how to trade on the popular online trading platform called “OLYMP TRADE”.
This section will introduce you to the OLYMP TRADE interface and how the different parts work.
- The first step is to access the official homepage of the platform, by opening your browser.
- After clicking on the website, you will be taken to the login screen.
- Click on the “Create an account” button.
- Fill in your First name, Last Name, Email address, Country, Phone number, Password, Security code, and click “Register”.
- You will receive a verification mail.
- Open the mail and click on the “Verify your email” link.
- Once the email has been verified, you will be redirected to your dashboard.
- Click on “Deposit Funds”.
- Enter the amount you would like to deposit.
- Choose your preferred payment method.
- Follow the on-screen instructions to make the payment.
- Once your payment has been received, your funds will be reflected into your account.
- You can now start trading!
Important Tips for Trading on Olympt Trade in Hindi
- Set a Stop Loss
- Use Indicators
- Monitor the News
- Be Patient
A stop-loss level is an important trading tool that will help you avoid significant losses. It helps you limit your loss per trade by automatically closing your open position as soon as the price hits a certain level.
Using indicators such as moving averages, MACD, and RSI will help you identify market trends and make better-informed trades.
Stay up to date with the latest news in the financial markets. This will help you stay ahead of any changes in the market that may affect your trading strategy.
The best way to get better at trading is to practice. Open a practice account on a demo account and practice making trades before you risk real money.
Don’t rush into anything. Take your time to learn about the markets and try out different trading strategies.
Common Pitfalls to Avoid When Trading on Olympic Trade in Hindi
If you want to learn more about trading and investing, there are plenty of resources on the internet. But the best place to start is with a reputable broker like IQ Option.
You’ll have access to all the tools and resources you need to trade successfully, including high-quality charts and technical indicators. And if you ever have any questions, their customer service team is always available to help.
So, what are you waiting for? Start trading today!
We hope this guides was off assistance for how to work olymp trade in hindi.