What is Fixed Time Trade (FTT)? How to Use Fixed Time Trades on OlympTrade
By Binary Option
Fixed Time Trades (Fixed Time, FTT) is one of the trading modes available on the Olymp Trade platform. In this mode, you make trades for a limited period of time and receive a fixed rate of return for a correct forecast about the movements in currency, stock and other asset prices.
What is Fixed Time Trades (FTT)?
Trading in Fixed Time mode is the easiest way to earn money on changes in the value of financial instruments. However, to achieve positive results, you need to take a training course and practice with a free demo account available on Olymp Trade.
How Olymp Trade Trading Works?
Four steps to make profit on olymp trade
To begin with, there are two option types on olymptrade platform: classic and time.
- Classic Fixed Time Trades (Up-Down trades); when trading them, you should choose the trade amount and the period of a trade. In other words, a period for which a trade will be opened.
- Time Fixed Time Trades are a convenient way to trade on an active market. To open a trade, set the time of trade execution (option expiration time). If your forecast will be correct, the profit amount will be up to 100% from the investments.
What is more, multi-trading occurs through the time Fixed Time Trades. There is no difference how many trades are opened by trader, all of them will be closed at the same time.
Fixed Time Trades are Classic Fixed Time Trades on OlympTrade platform. Certainly, trading consists of 6 steps:
How to Use Classic Fixed Time Trades (FTT) on Olymp Trade?
- You choose the asset.
On olymptrade platform you can trade currency pairs and stocks, commodities and indices, crypto and shares.
- You choose the trade amount.
The size of your trade will affect the income you will get. Profit from a trade can be up to 100%.
- Set the time trade.
You will have 5 time trade Fixed Time Trades lasting from 1 to 15 minutes. Moreover, there is a possibility to set your own duration of a trade.
- Select the strike price.
When the trade expires, the price of an asset is likened to the price of strike. If your forecast was correct, you will get profit. The return rate for up-down trades may differ.
- Graph movement.
Decide whether the asset price will go up or down.
- Early trade closing.
The Sell function is a helpful tool if you want to close the trade before expiration. Function itself is located under the asset chart in trades menu. However, the refund amount you will get depends on the asset price. Sell is available in the mobile version of an olymp trade platform as well.
In order to trade on Time Fixed Time Trades, you will need to complete 5 following steps:
How to Use Time Fixed Time Trades on OlympTrade?
- Go to the olymptrade platform and switch to the Time tab.
Simply click on the time trade menu (where it says “1 min”) and press on the “Expiration” button after that.
- Select the chart of any asset on the platform.
Time left to buy is showing until what time you can buy the option. On the other side you can see the Time left until expiration. The name speaks for itself, this is the time until expiration of the option. What is more, this time is clearly determined on the trading platform itself. As a matter of fact, it indicates for how long you will be waiting for the outcome of the trade. After the expiration time, broker checks if the present price of the asset correlates with the set conditions. In case of correct forecast, you will make a profit. If your prediction was wrong, you will lose the option amount.
- Select the closure time of a trade.
In this menu you will be able to set the trade closure time. Moreover, you will always know how much time you have to buy the option.
- Make a prediction and press on UP or DOWN buttons.
After you have made your decision, option will be opened immediately. Keep in mind that unprofitable trades can be closed at any time while Sell function is active. Thus, you will return a certain percentage of your investments.
Note: you will not be able to open a new trade 1 min before the following time of expiration. Therefore, broker will ask you to choose other time.
- Profit from a trade.
If your prediction was correct, you will make a profit up to 92%. On the other hand, if your forecast was wrong, you will lose only the trade amount.
Minimum trade amount in the FTT modeThe minimum investment amount is $1/€1.
Maximum trade amount in the FTT modeFor a trader with a Starter status, the maximum trade amount is $3,000/€3,000. For a trader with an Advanced status, the maximum trade amount is $4,000/€4,000. For a trader with an Expert status, the maximum trade amount is $5,000/€5,000.
Fixed Time Trades on OlympTradeAbove all, Fixed Time Trades is both easy and convenient way to make profit. None of the other financial instruments will give you such income in a short time. To trade on Fixed Time Trades you will not need an in-depth knowledge of the financial market or complex trading terminals studies. You don’t even need to download any software. Everything you need to trade profitably is basic market knowledge and access to economic news.
Source: Olymp Trade Trader - olymptradetrader.com | What is Fixed Time Trade (FTT)? How to Use Fixed Time Trades on OlympTrade - https://olymptradetrader.com/what-is-fixed-time-trade-ftt-how-to-use-fixed-time-trades-on-olymptrade-100836
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