Olymp Trade Blog: Olymp Trade Philippines

To trade is to take a risk. Sometimes you may lose everything. And if it happened to you, you are not alone. But only a few share their stories because they are afraid of being emb...

Not having a clear strategy You need to have a good strategy to avoid losing. In fact, you can call it a must when it comes to trading. What will make an excellent tactic? A pow...

Traders are generally divided into two categories. One, that earns money trading, and the second, that does not make any money. The second one keeps wondering why. Why am I not ...

Do you have a weekly profit target while trading on the Olymp Trade platform? Well, I hope you do. It is proven that having one brings a lot of advantages and has a positive psycho...

A year has passed since I began trading on the Olymp Trade platform. Sometimes I won, sometimes lost. But I was convinced that money is within my grasp. I only had to find out how ...

The Crowd The concept of the market crowd has long been known by traders. For many, it is a symbol of inefficient and erroneous trading decisions.  And if you have ever found you...

If you search for a simple strategy, that works for 2 minutes and has a good percentage of wins, ITM is the one! Read it all about here. Why is the ITM strategy the best strateg...

Our support service received a message: “Hello. Please delete my account. I can no longer cope with the stress. I do not want to make money by trading!” A representative of the company contacted the person, and it turned out that he was, in fact, a perfect trader. Only the last two weeks turned out to be unprofitable, and up to this point the yield of the account had grown exponentially for 3.5 months. Why did he feel the desire to quit the job that brings a stable profit? Here is the story of our client, which we publish with his permission.

This special checklist is a perfect tool for assessing how safe the trade is. Try using it now and you will be surprised how easy it is to avoid taking extra risk. Just remember these 5 rules before making a trade:

Most traders understand that financial news has a significant impact on markets, but many don’t have a good understanding of where to find this news and what to expect from it. When trading, it is always best to be armed with the most current information before you open a position in foreign exchange markets.

Is it possible to say that the crisis began suddenly? No. The recession was in the air as soon as the economy had been growing rapidly for a long time without lengthy regression. The coming crisis was now and again associated with the Federal Reserve’s rate increase or a trade war between China and the United States. But the risk factors were diminishing. In 2018, Donald Trump managed to force the Fed to change its plans and abandon the idea of tightening monetary policy. The trade disputes between Beijing and Washington suddenly ended peacefully. The new threat came out of the blue. And if we do not take into account the COVID-19 conspiracy theory about the artificial origin of the coronavirus and its planned outbreak, the epidemic exposed the barely healed wounds of the global financial system. No one knows what is going to happen next. There are a lot of scenarios how the situation might develop. During this difficult period, our task is to get the right information and base our investment decisions on facts and reasoned opinions. If you want to understand what had happened to the economy and why everyone suddenly started talking about the financial crisis, this article will come in handy. We have provided a brief chronology of what is going on and collected the relevant data that will help you make the right choice.

Covid 19 and the global economic crisis that has evolved this year has created significant challenges for businesses and traders in every country. Additionally, millions of companies have had their sales, profits, payroll, and debt management affected severely. Nationwide lockdowns, shortages of medical supplies and other important products, and interruptions in normal supply chain operations have many traders, both new and experienced, scrambling to adjust their trading strategies during the pandemic.   Making solid forecasts for opening positions, targeting which markets to focus on, and determining what news to believe and act on has all become extremely problematic during the crisis. Making matters worse is the threat of a “second wave” once many countries end their quarantines and try to return to normal. Nobody wants to downplay the seriousness of the Covid 19 crises and the subsequent consequences. However, as traders we need to find a way to turn a bad situation into a profitable one in order to maintain our livelihoods and reach our financial goals. To that end, here are some strategies we have put together on ways to trade profitably by identifying which markets are being affected in regards to developments in the pandemic.