How To Trade Blog: July 2020

Friday, July 31, 2020

The Easiest Way To Trade Forex In Olymp Trade: Determine The Trend

In this article, I will only write about trends. Proof of making money and how to identify as well as open orders in Olymp Trade Forex are also available. When you catch (identify) the right trend, you not only make money but you can earn many times the amount that you invest. I had 1 Forex order which tripled my investment (300% profit). You can review this article: 4 Things To Prepare Before Starting Trading In Olymp Trade (Part 2/20).

Trends are all that you need. Catch the trend, wait, open a correct order, and keep the money. You only need to stay professional and master one such skill.

Proof of withdrawal of $50 for the 3rd day in a row in Olymp Trade to the ACB bank account. Video on withdrawal will be in the latter part.

How to identify market trends

When I talk about trends, it means that the market is clearly trending. It is either uptrend or downtrend. To me, a sideways (trendless) market is not the right time to trade.

And in this article, I will only mention uptrend at first. In the following article, I will write about downtrend.

Two ways for you to identify the market uptrend most simply:

(i) Identify peaks and troughs: If the following peak and trough are higher than the previous ones, you can confirm that the market and the price is in an uptrend.

(ii) The price breaks out of the resistance and increases. When the price breaks through resistance and rises, you can predict: The market is entering an uptrend.

The price breaks out of the resistance and enters an uptrend

Please read the details of this article: What Is Uptrend? 3 Safest Strategies To Open An Order In An Uptrend. You can review all examples of an uptrend in that article.

How to trade Forex in Olymp Trade in an uptrend

If you try to fight a running train, it will crush you into pieces. And in an uptrend, we only open UP orders. Please keep this in mind: Uptrend = Up order. This will be the never-changing principle for my trading.

Olymp Trade has 2 forms of trading, and each of them has its own way of opening an order. I will guide you in detail on how to trade Forex in an uptrend.

Basic setup: It includes the EUR/USD currency pair, a 5-minute Japanese candlestick chart, a leverage ratio of x500, and finally a stop-loss at 30%. Why do we have this setup? I wrote very detailedly in the previous post.

How to trade Forex in Olymp Trade in an uptrend

If you trade Forex in Olymp Trade, there are 2 signals that you must really pay attention to when the market enters an uptrend.

Strategy 1: When the price breaks out of the resistance

This is when you can open a Forex UP order. Naturally, it is necessary to set in advance a reasonable stop-loss.

For example, Open an UP order with $20 when the price breaks out of the resistance. Set a stop-loss at 30% (if losses reach $6, the order is automatically closed). The Olymp Trade Forex trading fee is now $2.92. If you hold the order overnight, the fee will be $0.4.

Make sure that you set the STOP-LOSS between 20% and 30% of the amount you trade. The reason is simple: Maybe the price just temporarily exceeds the resistance (fake breakout) and then falls back. Therefore, to avoid losing money, you need to set a stop-loss right below.

Why am I not referring to taking profits? Answers: It is to maximize your profits as much as possible if you identify the right trend. When the market enters an UP trend, prices will continuously rise. And it took quite a long time for this UP trend to end.

Therefore, if you have opened an UP order, never take profits. Please be patient, your profits will gradually increase. This is exactly why I said at the beginning of the article: Just by identifying the trend correctly, you can multiply your investment by several times.

A detailed video on how to make money from Forex safely in Olymp Trade

Tips: In Olymp trade, you can freely adjust the stop-loss. You can understand it simply as follows: Initially, you set the stop-loss at 30%. But when the price goes up correctly in an UP trend, you can lift this stop-loss up.

The higher the price, the higher you can lift this stop-loss. And when the UP trend shows signs of ending, it will hit the stop-loss. Now, your order will automatically close. This is how you can protect your profits.

Strategy 2: The price retests the resistance

You can add up your knowledge about “Retest” through this article: What is Retest? Why is it so magical in technical analysis?

When the price breaks out of the resistance, the current resistance zone will become a support zone. If the price retests in this zone, this is also an entry point for you to open an UP order in Forex trading.

And of course, the skill of opening Forex orders is the same as above. Be sure to set a stop-loss to protect your account.

For example,

The price surpasses the resistance and rises, then retests this zone. Open an UP order with $20 and set the stop-loss at $6.

Pic: The price retests the resistance

Tips: Retest is one of the best trading strategies that professionals use. In Olymp Trade, you can place pending orders. You need to know how to use this tool. This is also considered an extremely important skill in trading.

For example, When the price breaks out of the resistance, you can place a pending order right here. As long as the price retests, the pending order will automatically be activated. Naturally, even when using the pending order, you must also set a stop-loss.

3 steps to place a pending order in Olymp Trade Forex

Step 1: Specify the price for which you will place pending orders.

As an example, I will place a pending UP order when the price reaches 1.13328

How to place a pending order in Olymp Trade Forex

Step 2: Set basic conditions and open UP order

After setting a specific price, you must set a suitable stop-loss and take-profit. After that, open an UP order.

Step 3: Check pending orders in Olymp Trade Forex

If the price hits the level you set before, the pending order will automatically activate. Or you can cancel this pending order.

Strategy 3: Trade Forex when the price has entered the uptrend

You can understand it simply as follows: The price has been in an uptrend. You have confirmed that the previous peak and trough are higher than the previous ones. Now is the time to find the right entry points to open an order.

Signals: When the price crosses the old peak to form a new peak, this is when you can open an UP order in Olymp Trade Forex.

For example,

Trade Forex when the price has entered the uptrend

The market has confirmed the uptrend and the price is in an uptrend. When prices show signs of crossing a peak to continue rising, open an UP order right away.

In conclusion

Here are 3 specific strategies for you to trade Forex in Olymp Trade when the market is in an uptrend. You may have to cut losses several times because the signal is incorrect. But when you get the correct trend, you will multiply the investment several times.

Now let’s review some of the following lessons:

In an uptrend, only open UP orders. Absolutely never go against the trend.
Always set a stop-loss when entering a trade. As long as you open an order, there must be a stop-loss. Remember, you must protect your money before thinking of making money.
If you determine the correct trend, you do not need to take profits. Let the market keep going up. Your job is to raise the corresponding stop-loss.
Regarding predictive and analytical skills such as Break Out, Retest, or placing a pending order, you must understand and practice often.
Do not open too many orders at once. You only need to open 1 order at a time.

So I have finished the 3rd day in a series of 20 consecutive posts: How to make money in Olymp Trade You can review these articles in the links below:

The post The Easiest Way To Trade Forex In Olymp Trade: Determine The Trend appeared first on How To Trade Blog.

source https://howtotradeblog.com/trade-forex-in-olymp-trade-with-trend/

Thursday, July 30, 2020

4 Things To Prepare Before Starting Trading In Olymp Trade (Part 2/20)

What have you prepared in your inventory of making money in Olymp Trade? There may be some technical indicators and candlestick patterns, isn’t there? So if everyone knows about technical analysis, why don’t they make money? The truth is that the strategy is not enough. You need to prepare a lot before you start trading in Olymp Trade.

Proof of x3 the trading balance in Olymp Trade

Sounds like a scam, right? But on July 8, I opened 3 orders with $20 each in Olymp Trade. There were 2 losses and 1 win. But I still accomplished the goal of earning $50. Video on withdrawing money on the 2nd day.

That’s right! Fixed Time Trade cannot help you triple your trading balance. But Forex can do it. Moreover, if you catch the right trend, the number you earn can be multiplied many times.

Proof of x3 the trading balance in Olymp Trade

Catching a trend or determining the exact price trend is the most important factor for you to make money from any platform. But don’t rush, I’ll show you how to determine trends in the following article. For today, I will write about 4 things to prepare before starting to trade in Olymp Trade

4 things to prepare before starting trading in Olymp Trade

Imagine yourself as a killer and your job is head hunting. The skill of using a gun is not controversial. But it is clear that professional killers will only hunt with one type of snipping gun. And of course, once the “prey” has been identified, the killer takes a lot of time to study, understand the “prey”, and choose an appropriate location to “strike out”. This is the basic setup of a “killer job”.

Trading is also the same. Most traders skip this step: You have capital and a strategy to make money. But you are not prepared to make money. And the result is: “You are “drowned” by the market”.

Choose the trading assets

If you start with learning a trading strategy, then observing many currency pairs, commodities, or virtual currencies to look for opportunities, then I honestly recommend that you give up this way.

Professional traders usually choose for themselves at most 3 assets to trade. They study and understand what they choose. When will the market see big swings in the news? Which time frame is safe for trading and which should be avoided? What are the ups and downs of prices?

For example, The EUR/USD currency pair in Olymp Trade usually offers 2 payout levels which are 70% and 82%. During the Asian session, this pair fluctuates slightly. But after the European and US sessions, EUR/USD fluctuates more strongly.

Remember: “The fewer choices you have, the more you will focus”. This is one of the factors for you to improve the probability of winning.

Tips: For me, Olymp Trade has 2 best currency pairs for you to trade: EUR/USD and GBP/USD. And if you are a beginner, just start with EUR/USD.

Select the chart in Olymp Trade

There are 4 types of charts in Olymp Trade: Line chart, Japanese candle chart, Heiken Ashi chart, and Bar chart. In technical analysis, the Japanese candlestick chart is the first priority. You must learn, understand, and become familiar with this type of chart. You can take a look at it once in this article: What Is The Japanese Candlestick? The Truth And Importance Of The Japanese Candlestick Chart

Also, in the Japanese candlestick chart, you have many different time frames. Each time frame will give you different trading signals. Therefore, from the outset, you should choose one type of Japanese candlestick chart: 5 minutes, 10 minutes… or even 30 minutes. But don’t ever think about the 60 seconds (forget about it).

Tips: I use the Japanese candlestick chart with a 5-minute time frame to observe and search for entry points. You can try or start using 1 candlestick chart with a longer time frame. Try to stick to a single chart type to observe and practice.

Expiration time in Olymp Trade

I have mentioned once about the expiration time in Fixed Time trading in Olymp Trade. You can review this article: What Is Fixed Time Trade? 2 Ways To Trade Fixed Time In Olymp Trade

In Fixed Time Trade, the expiration time is also one type of probability. Too many choices will increase your likelihood of being wrong. So, choose for yourself a fixed period of expiration time. You can optionally choose among 30 minutes, 1 hour… or even 1 day. But never trade with an expiration time of 60 seconds. Short trading is a trap that Olymp Trade wants to fool you in.

Tips: For me, a 5-minute time frame is not too short. It is enough for me to think, to regulate my breathing, to regain my composure for the next trading decisions.

Trading strategy in Olymp Trade

Strategies are a combination of an order-entry method and a capital management method.

You should use 1 and only 1 order-entry method. You may know many indicators, understand all candlestick patterns. That’s fine! But don’t use them all for trading. The more methods > the more entry signals > The higher the likelihood of losing money. Trend and signal is the trading method that I will share with you in the following article.

Capital management is an art. The final result is a profit or a loss depending on how you manage your capital. Don’t worry! In this series, I will share the most details about this.

Tips: Please repeat this saying over and over again in your head. The only way for you to earn money in trading is: “Only open orders with high winning probability which you are willing to trade with your own money”.

So you now have one step ahead in Olymp Trade. You also know my basic settings in this platform: The EUR/USD or GBP/USD currency pair; a 5-minute Japanese candlestick chart; the expiration time for 1 order is 5 minutes, the investment for each order is $20.

To conclude

This is the series: Making $1,000 in Olymp Trade by earning $50 every day in 20 days. And I have completed my 3rd article. You can review 2 other articles here:

– How to make $1,000 in Olymp Trade: Safe, regular, and easy to carry out

– 5 basic principles when trading in Olymp Trade (Part 1/20)

From the following article, we will focus the most on how to trade in Olymp Trade. It is how to trade Fixed Time and Forex. Love!

The post 4 Things To Prepare Before Starting Trading In Olymp Trade (Part 2/20) appeared first on How To Trade Blog.

source https://howtotradeblog.com/things-prepare-before-trading-olymp-trade/

Wednesday, July 29, 2020

5 Basic Principles When Trading In Olymp Trade (Part 1/20)

There are many principles related to money and Olymp Trade. For example, probability principle, patience principle, where-to-stop principle, etc. And today, I will share the 5 most basic principles that you should definitely know when starting to trade and make money in Olymp Trade.

“If you don’t know the game well, it’s best not to join in.”

Plan to make $1,000 in Olymp Trade

This will be the first withdrawal of a 20-day series (earning $50 per day) in Olymp Trade. I have detailed the trading plan in this article: How to make $1,000 in Olymp Trade: Safe, stable, and easy to carry out

Proof of withdrawal in Olymp Trade to the Neteller e-wallet. Today, on July 7, I opened 3 orders ($20 for each) and won all 3 orders. The profit for the day was $49.2. And when you withdraw money, Olymp Trade will deduct the bonus received.

In this article, I will share the 5 most basic principles when you start trading in Olymp Trade. The trading strategy with trends and signals will be shared in the following articles.

Five principles to remember when starting trading in Olymp Trade

Principles of probability

Certainly, nothing is for sure

Fixed Time Trade or Forex is just a probability game in Olymp Trade. There is no trading method or formula that can guarantee you 100% winning at all. You can only use technical indicators, candlestick patterns, etc. to improve your probability of winning.

The best way for you to minimize the risk of the probability principle is: “Make things simple”.

For example, Candlestick charts of 5 minutes, 10 minutes, or 15 minutes, etc.? The expiration time of 1 minute, 2 minutes, or 5 minutes, etc.? Technical indicator choices such as RSI, Bollinger Bands or MACD, etc.? All of this creates confusion. The more choices you have, the easier it is to lose focus. This is the trap that Olymp Trade designs for you.

Let’s make everything simple: 5-minute Japanese candlestick charts, expiration time of 5 minutes, Trend & Signal trading strategy. For now, you just need to focus on opening UP/DOWN orders.

Principles of patience in Olymp Trade

That’s right! The market always repeats, but it will never repeat immediately.

You can understand it simply as follows: If the market gives you a nice entry point (according to your criteria), it takes much more time to create an additional same entry point.

The market never offers signals in succession so you can trade, trade, and trade continuously. Therefore, to open an order, you need to WAIT. PATIENTLY WAIT The market is where the patient will always make money.

Remember: Professional killers only use a sniper rifle with a single bullet to kill their prey. If using a handgun or AK-47, those are just gangsters.

Principles of capital management

In a probability game, you are not always the winner.

Capital management means managing money. Whether or not you make money in Olymp Trade depends a lot on this. Trading can be winning or losing, but the final result must still be profitable. Maybe your probability of winning is not high, but appropriate capital management can bring you profits. Conversely, you can win continuously, but just lose once, you may lose everything.

After years of trading, teaching, and interacting with Olymp Trade traders, I have heard a lot about how to trade all-in in which we bet everything in one order then hold our breath and pray for luck. Naturally, the result is always empty-handed. Everyone would do it once, and I am of no exception.

Right now, if you don’t have a clear capital management principle, don’t step into Olymp Trade.

Principles of the faster the riskier

Make money and get rich in just a few minutes? This only exists in fairy tales.

In Olymp Trade, there is no method for you to trade and win quickly. The faster the time is, the greater the psychological pressure is. All your transactions will largely be emotionally governed. And of course, most decisions that come from our emotions are wrong.

Therefore, never get used to the 60-second (1 minute) time frame. It’s so fast that you don’t have time to think. You will easily rush into transactions inertially until your account runs out of money.

Remember: In Olymp Trade, you can open orders of 15 minutes, 30 minutes, or even a few hours. And we will choose a simple, safe way to make money. Do not complicate it with 60-second trades.

Principles of where-to-stop when trading in Olymp Trade

Warren Buffett once said: I have 2 principles

Never lose money.
Remember principle 1.

Knowing where to stop is the pinnacle of every probability game. And Olymp Trade is no exception. The best way to keep your money is to stop. There is money, there is a chance.

Principles of where-to-stop when trading in Olymp Trade

Trading is an addictive substance. And a trader who cannot control himself will become an addict. The trading spiral will make you never get out of the market. The more you rush in, the more money you lose.

One last word

There are still 19 more posts on this topic. Do not rush. Keep in mind these 5 trading principles in Olymp Trade carefully. Establish yourself a habit of being patient in trading.

The post 5 Basic Principles When Trading In Olymp Trade (Part 1/20) appeared first on How To Trade Blog.

source https://howtotradeblog.com/5-olymp-trade-principles/

Monday, July 27, 2020

How To Make $100 In Binomo With Bearish Harami Candlestick Pattern

Smoothly using a standard signal candlestick pattern in trading is enough for you to make money with binary options. In June, I made over $100 in Binomo using only the Bearish Harami candlestick pattern. Stay tuned for my article today on how to trade with this exceptionally effective candlestick pattern.

Video on depositing and withdrawing on the 1st week of June in Binomo

This is my video on depositing and withdrawing money in Binomo. Regarding the trading process, I will describe it in the rest of the article.

Recall knowledge about the Bearish Harami candlestick pattern

Bearish Harami candlestick pattern is a candlestick pattern in the Harami pattern family. This is a reversal candlestick pattern from bullish to bearish that occurs when prices make a peak. This candlestick pattern consists of 2 candles with a special structure. Combining the 2 candles of this candlestick pattern, you will get a Bearish Pin Bar or Shooting Star candlestick. This is a very strong signal of price reversal from up to down.

Meaning of the Bearish Harami candlestick pattern

Some types of Bearish Harami candlestick patterns to note

On the Japanese candlestick chart, you don’t always come across a standard Bearish Harami candlestick pattern. Certain types of Harami patterns will often appear more frequently with greater accuracy. Especially when they appear in special price zones such as resistance.

Capital management method for this effective trading strategy in Binomo

Because this is a special candlestick pattern, it rarely appears on the price chart. However, when it appears, the signal that Harami candlestick patterns offer is very good. Statistics show that the Bearish Harami candlestick pattern appears 3-5 times per week for every currency pair. So, I use the Classic capital management method which means to open orders with a constant amount of capital.

“Practice 1 kick 1000 times, don’t practice 1000 kicks”

May I quote the classic saying from Bruce Lee in this section. You just need to understand the characteristics and habits of the price when creating candlestick patterns. Along with that, carefully considering market factors will help you make money with this trading strategy in Binomo.

Practicing 1 kick 1000 times is better than practicing 1000 kicksPracticing 1 kick 1000 times is better than practicing 1000 kicks

Knowledge is endless. You cannot learn and understand everything. Instead, focus on a specific skill. Learn it thoroughly and apply it in practice. Cultivate yourself to be a master when using it. In binary options trading, this trading style is absolutely effective.

Trading principles

Once you have traded on a Real account, be sure to tell me that you have to follow the principles when trading. This is vital for your account balance. If you have not already done so, please allow more practice with the DEMO account. Principles are principles. There is no room for violation or breaking.

Trading principles using Bearish Harami candlestick pattern

Only open DOWN orders when encountering the Bearish Harami candlestick pattern.
Do not open orders with an expiration time below 5 minutes.
Do not trade 30 minutes before and after breaking news release.
Can be applied to all types of assets.
Never open many orders at once or consecutively.

Review on actual entry points last week with the Bearish Harami candle pattern strategy

In this section, I will focus on the practical experience required when opening an order with this trading strategy.

Because the Bearish Harami candlestick pattern appears with low frequency, you can only have 1-2 trades with this trading strategy per day.

How to open an order: Open a DOWN order when prices create a Bearish Harami pattern in the resistance zone.

Orders on Monday (June 01)

Reasons for opening orders: The EUR/USD currency pair bounced back strongly after a sharp decline. It then touched the resistance forming a Bearish Harami candlestick pattern. Opened a DOWN order with an expiration time of 2- minutes (ended at 11:15). I won.

Tuesday (June 02)

Reasons for opening orders: It was still the EUR/USD pair. The price was in an uptrend but then went sideways slightly and created a Bearish Harami candlestick pattern. Opened a DOWN order with an expiration time of 5 minutes. (Because the price was in an uptrend, the order should be short.) I won.

Wednesday (June 03)

Reasons for opening orders: The price was in a downtrend but returned to retest the new resistance with a Bearish Harami candlestick pattern. Opened a DOWN order with an expiration time of 20 minutes. I won.

The last line

I would like to stop my post here. Thank you for reading. Look carefully at the article to see what you are missing, what you need to make money in Binomo. Finally, I would like to wish you all success in trading.

The post How To Make $100 In Binomo With Bearish Harami Candlestick Pattern appeared first on How To Trade Blog.

source https://howtotradeblog.com/make-money-with-bearish-harami-pattern/

Sunday, July 26, 2020

How To Trade Simply Using 1-Minute Candlestick Colors In Binomo

In Binomo trading, the two most important factors that are crucial to your profits are price trends and time. Just missing one of the two factors above will cost you money. Today, in this article, I will show you how to trade Binomo simply by fixing one of these two factors. That is the time factor.

Your only remaining job is to predict whether the price will increase or decrease within this fixed time frame. This is the trading strategy using candlestick colors which is a favored strategy by many professional traders in Binomo.

Video on how to trade using 1-minute candlestick colors in Binomo

How to trade using 1-minute candlestick colors in Binomo

In the trading strategy using candlestick colors, depending on how long the candlestick chart is, you set the same expiration time.

For the 1-minute candlestick chart, trade as per the 1-minute candlestick.
For the 5-minute candlestick chart, open orders as per the 5-minute candlestick.

The same goes for other candlestick charts.

Trading using colors of candlesticks of 5 minutes, 15 minutes or more is a bit more complicated. Therefore, I will present in the following article. Today’s article will guide you on how to trade using 1-minute candlestick colors in Binomo.

Below are steps to open an order following 1-minute candlestick colors in Binomo.

Step 1: Customize the time and amount of money for your trade

Here, you should note that the minimum time remaining for you to open an order in Binomo is 30 seconds. Therefore, to be able to open a 1-minute order in Binomo, you need to set the expiration time so that this time remaining is greater than 1 minute (1 minute will be the expiration time for your trade).

For example, in the photo: The time now is 10:21:06. In order to open a 1-minute order, I need to set the expiration time at 10:23:00.

Step 2: Time the entry point

At this step, you will have to focus on waiting until the price has finished creating the current candle and starts to create the next one. You will open the order as soon as this happens.

Time the entry point for opening orders as per the candlestick colors

In the above example, I timed the entry point at 10:22:00 in real-time. When the time remaining is 30 seconds, I open the order. This is the time when prices finish a candle. Now, the expiration time is exactly the same as the new candle time period.

Step 3: Wait for the price to finish creating the new candle to see the result

After opening the order, you just need to wait for the result by simply observing the candlestick color:

You open an UP order + the price creates a green candle = you are profitable.
You open an UP order + the price creates a red candle = you are at a loss.

In contrast, when you open a DOWN order:

The price creates a red candle = you earn money.
The price creates a green candle = you lose money.

Very simple, right.

Wait for the candlestick color to see the result

In the above example, I opened a DOWN order (betting the next red candle). I don’t need to know how prices fluctuate. I just know that if it is a red candle, I win, if not, I lose.

One last word

Above is an article on how to trade using candlestick colors in Binomo. The advantage of this strategy is that it overcomes the possibility of price manipulation by the platform. In future articles, there will be many trading strategies based on this. Practice on a DEMO account today to apply it in trading.

The post How To Trade Simply Using 1-Minute Candlestick Colors In Binomo appeared first on How To Trade Blog.

source https://howtotradeblog.com/how-to-trade-binomo-simply/

Friday, July 24, 2020

Between Olymp Trade And Binomo, Which Broker Is Better?

A very difficult question for those who are new to Fixed Time Trade is choosing brokers. Deciding what to spend on is always something you need to consider carefully before doing. In today’s article, How To Trade will give you a detailed comparison between Binomo and Olymp Trade platforms. This is to help you find a suitable broker to invest in this financial field.

A quick overview of Binomo and Olymp Trade platforms

These are the two big brokers in the fixed-time trading market. Binomo is famous for its strong advertising campaigns and strong IB team. And Olymp Trade is well-known for being professional with a modern interface converging many experienced traders. In previous articles, we have reviewed in detail these 2 platforms. You can review them all here.

A detailed comparison between Olymp Trade and Binomo platforms

In this section, I will compare the 4 main criteria for these 2 platforms, respectively as follows: reputation level, popularity, traffic, and deposit and withdrawal feature. These are all criteria you need to consider carefully when selecting a broker for trading. The conclusion will be made at the end of the article. Stay tuned!

Reputation level of a trading platform

Regarding this, Binomo does not differ from Olymp Trade. Both are members of Finacom (Financial Commission) and are listed in the category A Brokers of this trusted organization.

Compare the reputation level of Olymp Trade and Binomo

The reward is up to 20,000 Euros if you find any proofs proving that the two platforms are cheating. You can be completely assured of the transparency of these two platforms.

So regarding this criterion, two brokers are equal.

The popularity of Olymp Trade and Binomo

To find out, I use Google Trends to check. You can see the details here: Google Trends

In terms of popularity level over time worldwide, these two are quite similar.

Popularity level over time of Olymp Trade and Binomo according to Google Trends — Popularity level over time according to Google Trends

More specifically, you can compare them within the thriving countries of Fixed Time Trade such as Vietnam, Russia, or India, etc.

Popularity level over time of Olymp Trade and Binomo in India

About popularity by region or country, Olymp Trade is known more and gets more attention than Binomo.

Popularity by region or country of the 2 platforms

So regarding this 2nd criterion, Olymp Trade is slightly better.

Online rankings and traffic by territories.

Regarding this, I use Amazon’s Alexa tools to check. The results show that Olymp Trade far surpasses Binomo in terms of global rankings.

Specifically, Olymp Trade ranks 1269 globally after 90 days.

Olymp Trade rankings and traffic according to Alexa

As for Binomo, the ranking is 7587.

Binomo rankings and traffic according to Alexa

India is the country with the largest amount of traffic, accounting for nearly one-third of global traffic for both platforms.

So with this criterion, Olymp Trade dominates completely.

Deposit and withdrawal services

Why am I putting this criterion for comparison? Do you want to use a platform that takes long to deposit and withdraw? This is a very important criterion and directly affects the traders’ rating for a platform.

Currently, the trader team of How to trade is trading at both platforms. According to our assessment, both are very good at depositing and withdrawing money. For Olymp Trade, deposit and withdrawal are quick with many popular payment gateways. And Binomo is professional for enthusiastic support.

So with this criterion, two platforms do not differ.

One last word

From the 4 criteria above, you can see that Binomo and Olymp Trade are both safe and transparent brokers. You can completely consider investing. Olymp Trade is slightly better but not too significant.

This is the conclusion I make based on the findings and experiences of our own traders. We absolutely do not intend to “defame” or encourage to invest in any platform. Please leave any comments or arguments about Binomo and Olymp Trade. We will discuss it together. Love.

The post Between Olymp Trade And Binomo, Which Broker Is Better? appeared first on How To Trade Blog.

source https://howtotradeblog.com/compare-olymp-trade-and-binomo/