The world has gone through drastic changes in 2022 in almost every sphere.
Despite all these changes one thing still remains intact – “Cash is King”. But luckily today, making money is easier than ever, all you need is discipline and determination.
A popular way of making money online is through trading! A common misconception is that to trade you need a massive amount of capital.
While this used to be the case back in the day, today however in reality you can start trading online with as little as INR70.
In 2022, Forex and options trading caught the interest of the masses. More and more people are opting to deploy their funds and trade in this discipline.
There could be various reasons as to why people are choosing to trade/invest in options and Forex over trading stocks. Here are some of them
- Because it enables you to trade short-term as well as long term
- You can trade anytime anywhere as the Forex market is open 24X7
- No Demat Account / KYC required
- The minimum investment is as low INR70 & you get up to 90% higher returns
- There are no hidden charges on deposit & withdrawal
- No hidden brokerage/fees compared to those offered by some brokers in Demat
Today there are a number of Fixed time trading platforms through which you can trade in options and forex markets. The best part is you can get started with as little as INR70.
Apart from all the previously mentioned benefits, the biggest win of Fixed Time Trading Options is the insane return on investment that is possible both in terms of capital and time you can make up to 90% profit on a single trade in the space of 1 minute and as stated before you can start off with as little as INR70.
By deploying a strong trading strategy one can start off with a small capital and quickly
Among all the platforms out there our favorite is a simple, easy-to-use platform with a user-friendly interface – Olymp Trade.
| Fixed Time Trading | Stock Trading |
|---|---|
| Short & Long Term Trading | Mid & Long term trading |
| Buy and sell at any time | Operational Hours are fixed |
| No KYC needed | Demat account required |
| Start with just 70 RS | Needs plenty of investment |
| No transaction fee | Minimum 1% Broker fee |
| Set Trade in 1Minute | Short trades are not possible |
| No hidden fees | Hidden fees depend on the broker |
| Easy to Learn | Deep Knowledge is required |
Register to Get 50% Deposit Bonus Now!
What is Olymp Trade and how to get started?
Olymp Trade is a Global trading platform that provides its users access to 100+ financial instruments on its own platform, it offers users the chance to make phenomenal returns with little capital.
The company has been operational since 2014 and has proven to be a handy tool for investors. The minimum deposit amount on the Platform is INR700, which makes it easy for small-time traders to start their trading journey
Is Olymp Trade Safe?
Let us start off by saying Olymp Trade is completely legal in India. Olymp Trade is accredited with many notable credentials to give them reliability.
In 2019 and 2020 they were recognized as the best customer support broker and when it comes to regulations they are a member of Finacom, the International Financial Commission. Every trade on the platform is insured for up to 20000 Euros!
Here are some of Olymptrades Highlights over the years
Over the years Olymptrades has operated in the market, and the company has collected a whole range of wins and awards. Back in 2016, it was given the title of fastest-growing broker; this was followed in 2017 by being named the most innovative broker.
In 2018 it was awarded the best forex trading platform in Asia; in 2019 they were the best mobile trading platform and best customer service broker, they were the best customer service broker again in 2020. And in the same year, they were the best trading platform.
The following year they won the World Finance Forex Award and to round 2021 off they also won the Forex Brokers Award.
A few Key statistics that make the broker a haven of credibility
- 8+ Years in the industry
- 30+ Million Users
- 134 Countries
- It is India’s Largest Forex Broker
The minimum amount of money you need to start off with is INR70 which makes trading accessible for almost anyone. 0% transaction fees is yet another factor that makes it an incredibly attractive prospect.
To add to this you can set up your trade-in 1 minute with a bonus of no hidden fees. All of this makes it easy to operate and earn on Olymp trade.
Install to get 50% Deposit Bonus Now!
Is it advisable to trade on Olymp trade?
Trading on Olymp trade is a seamless process, the simple easy-to-use interface makes it extremely easy to go about the whole trading process.
On top of this, the various analytical tools provided make the process of analyzing and trading a cakewalk. The trades are executed with lightning speed which makes it extra convenient. Another Massive Bonus point is that you can practice trading in a demo Account where you are provided with 10000 Demo USD, the platform also provides Free Trading Tutorials.
How to set up an account on the Olymp Trade app and get started?
Here’s a step-by-step breakdown of how to set up an account on the Olymp trade app and start trading
- Install and open the application
- Fill out the “Registration form”
- You can start with the minimum deposit of INR700
- Get a 50% Bonus on your Deposit
- You can Deposit with the following payment methods
- Credit Card / Debit Card / Net Banking / E-Wallets /UPI
- Select if you want to trade on the live account or the demo account (interchangeable later)
- You are all set to go, but we recommend spending time on the demo account first.
How to Start Trading?
- Navigate to the Terminal tab (Extreme Bottom left)
- In The Terminal Tab, you can select the asset you want to trade and monitor the charts
- Here you can perform your Technical analysis and select the timeframe and amount you want to trade
- You can take the trade by either clicking on the up or down Button based on your prediction
- Following this, you can monitor your trade closely and close it or wait until expiry to take full profits.
Closing Thoughts
All in all, in this article we took a look at the Fixed time options and forex market which has in recent times started gaining popularity. We also took a look at how we can trade these asset classes. And we took a look at a leading trading platform “Olymp Trade“ and what sets it apart from the rest. That’s all for this article, trade responsibly and only after doing your own research.
The post How to Open an Account and Start Trading on Olymp Trade? appeared first on Trade Brains.
