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I joined Olymp Trade three months ago and trade regularly. Few things I like: - Training and strategies on the platform are REALLY good. - Chart and time frames are clear and smooth. - Deposit by card is instant. Overall, I’m glad I’ve joined Olymp Trade.
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How To Use The RSI Indicator Olymp Trade 外汇平台 Trading Strategies In Olymp Trade
In the previous post, I have shown you how to effectively trade Fixed Time using signals of the RSI divergence . In today’s article, I will bring you one last piece of the puzzle to make this strategy the most effective. It is the 50 median line of the RSI indicator and how to use it in Olymp Trade.
50 line – the precise trend confirmation signal of RSI
For the majority of traders, when using RSI, they are only interested in the 30 (oversold) and 70 (overbought) lines only. Few people know that the median 50 Olymp Trade 外汇平台 of the RSI is of great significance in determining the price trend of the market. Take a look at the image below so you can see this.
As you can see: When the price is in a downtrend, the RSI fluctuates around 30-50 lines. Conversely, when the price increases, the RSI is within the 50-70 lines. That is to say, the 50 line is the RSI dividing line, warning which trend the market is in. This is shown clearly when the RSI crosses Olymp Trade 外汇平台 the 50 line, the price has a trend reversal.
And this is the perfect piece for Olymp Trade 外汇平台 you to get the most accurate transactions with RSI.
How to use RSI indicator trading strategies in Olymp Trade
If you are not sure how to trade Olymp Trade using the divergence of RSI indicator, you can review it here:
Combined with the 50 line signal, we will have a complete trading strategy as follows.
Open an UP order when the following signals appear in turn
Open a DOWN order when the following signals appear in turn
*Notes: Open an order as soon as the confirmation candle completes.
Some typical examples
In this section, I will talk about 2 examples that demonstrate why the 50 line is so special in this trading strategy. Let’s see the examples one by one.
Example 1: The price has broken out of the resistance but RSI has not completely crossed the 50 line. This is an incorrect signal for you to open an UP order.
Example 2: RSI has crossed the 50 line but the price has not yet surpassed the resistance. This is also an incorrect signal for you to open orders.
In the two examples above, it can be seen that the 50 line helps to early identify an incorrect signal to avoid placing wrong orders. Very effective, isn’t it?
In Olymp Trade, the RSI indicator is one of the best tools that you can apply in trading. The signals it gives always have certain meanings to help you recognize something. The important thing is to know how to combine them, giving an objective signal about the market. From there, your judgment will be more confident than ever. The article should end here. Goodbye and see you again.
Olymp Trade เทคนิค กราฟกระโดด หลอกลวง หรือแค่ช่องว่าง?
การเกิดกราฟกระโดด หรือ Olymp Trade 外汇平台 ช่องว่าง เกิด เมื่อตลาดได้รับข่าวสำคัญ เช่น ข่าวเศรษฐกิจ, ข่างการเมือง ฯลฯ ซึ่งช่องว่างสามารถหาได้บนกราฟของสินทรัพย์ทุกชนิด และทุกช่วงเวลา ตั้งแต่ 5 นาที – 1 เดือน โดยช่องว่างมีหลายรูปแบบ เทรด Olymp Trade เทคนิค การเทรด
Olymp Trade Forex Trading Platform Review
Free Accurate Forex Signals – TOP-10 Trading Providers
Bollinger Bands Strategy in Forex Trading
This post is also available in: Indonesia Português العربية
Deposit and Withdrawal Options
The Olymp Trade Forex trading platform accepts various deposit options, majorly bank cards, cryptocurrencies, and electronic payments. For instance, deposits may be made by credit cards, JCB, China UnionPay, Neteller, Skrill, WebMoney, Bitcoin, Tether, and Ethereum. Giving priority to customers’ withdrawals, Olymp Trade helps customers get their funds in under five days but most receive money in just 24 hours. Funds may be sent to the bank card account or e-wallet.
Olymp Trade Insights
Inside the Olymp Trade daily feed, traders find investing advice. The fundamental analysis intelligence gives traders an edge. Customers learn assets to avoid, keeping them prepared. While forecasts may prove useful, they don’t always come true. What’s more, Olymp Trade features streams for traders needing strategies to trade like pros.
Educational and Training Opportunities
Webinars, how-to videos, and technical guides ensure that first-time beginners have the right knowledge for success. Streamed live, Olymp Trade 外汇平台 webinars will be of immense value. On the YouTube Channel, the playlists feature market reviews, masterclasses, world news summaries, and courses for beginners. In the education section, there are many topics of interest, from trading with candlesticks to advanced technical analysis.
Reasons Why Traders Select Olymp Trade
If you are interested in what makes this platform popular, here are the main reasons why.
1: Fixed Time Vs Normal Trades
Fixed-time trades are rather unique to the Olymp Trade Forex trading platform. Traders may choose to Olymp Trade 外汇平台 open positions for a predefined time duration. Using a free demo account, for practice, it is possible to open a $1,000 sell position for Bitcoin for a duration of 1 min.
Traders Olymp Trade 外汇平台 may close an open position before the time runs out.
2: Multiple Countries
Trading Platform supports many countries, including Indonesia, India, the Philippines, Thailand, and more. Most notably, trade Olymp doesn’t accept clients from Olymp Trade 外汇平台 the United States, Europe, or Canada, Great Britain.
2: Wide Range of Chart Types, Indicators, and Advisors
Traders have access to the most-leveraged indicators and plotting tools to aid in their technical analysis. OlympTrade also introduced an Adviser. The automated analysis tool provides users with an extra edge when generating trading signals. There are multiple trading strategies as well. Traders may also purchase additional indicators and analytics tools from the in-platform store.
3: Multiple Languages Olymp Trade
Accommodating the needs of its global Olymp Trade 外汇平台 user-base, Olymp Trade has been translated into multiple languages.
4: Promotional Bonuses
First-time subscribers access special offers. For instance, the current Olymp Trade OnPay Bonus rewards customers with up to 50% on their initial deposit amount.
5: Experience-based Status Levels
Platform recognizes traders that stick with them. Amature traders may achieve advanced and expert status. Each tier comes with its own privileges; for instance, starters may only Olymp Trade 外汇平台 make trades worth up to $2,000. Expert accounts come with personal analytics, more indicators, and exclusive trading ideas.
6: Highest Safety
Membership to the International Financial Commission carries indemnity insurance worth €20,000 for each trader.