Olymp Trade’s Halal Accounts
Olymptrade halal account
Olymp Trade’s platform offers Muslim users opportunities to trade forex that meet all Islam’s requirements.
Our trading platform has attracted thousands of traders from across the globe. Users not only love our platform due to its high quality standards, Olymp Trade 模拟账户开立 but we also ensure that we always meet the requirements of our customers and have created a trading environment that is truly comfortable.
Olymp Trade platform accounts have been brought in line with Islam requirements, specifically for traders from Muslim countries. This makes it possible for Muslim users Olymp Trade 模拟账户开立 to learn more about business opportunities presented by the forex (foreign exchange) market.
The main reason why Muslims often don’t want to trade forex is because of the common misconception that forex Olymp Trade 模拟账户开立 trading is gambling.
Trading Is Not Gambling
With gambling, every outcome depends on chance. This is not the case with forex as cash flows internationally are governed by the economy, more specifically, the laws of supply and demand. Investors don’t rely on intuition or chance, but use trading strategies that allow them to identify market conditions where they can possibly make a profit.
By using Olymp Trade’s Forex platform, our clients are able to learn how to use common analysis tools, basic trading strategies and general forex trading principles for free.
No Swaps
The users of the platform don’t have to pay swaps, which depend on the interest rates as defined by the Olymp Trade 模拟账户开立 country that has issued the currency’s central bank. If a position is to be kept open on the platform overnight, a fixed fee is payable. This fee is known beforehand and has no link to the interest rate of any bank. Traders therefore know the position’s total cost, even before it is opened, irrespective of the level of investment horizon they set.
Real Prices and Markets
When traders execute trades in spot-markets, they are trading with real goods. As Islam bans working on contracts that involve the deferred supply of goods, e.g. futures or forwards, our Muslim traders only work in the real market, i.e. the spot market.
Trades are Olymp Trade 模拟账户开立 executed at market prices that are determined by other users of foreign exchange markets. A chart is used to indicate the actual value of the asset. Working with these prices fully meets Islam requirements.
Trades are not limited by time, allowing you to make decisions on investments without having to worry about factors such as futures expiration, i.e. its circulation expiring.
In Islam, opinions on trading the foreign exchange market differ. Some individual see forex as a game, Olymp Trade 模拟账户开立 while others don’t accept participating in trading due to the close link between loan interest and currencies. The mechanisms that are used to determine whether various aspects of trading comply with Islam’s requirements are very complex. For those who want to trade in the forex market however, Olymp Trade’s platform presents a high-quality option that meets exacting standards.
How To Trade And Win In Olymp Trade With A Simple And Easy Way
As beginners, many people want to test whether the Olymp Trade platform really pays money and lets you withdraw money or not. Here, in this article, I will show you one of the easiest ways to open a profitable order and make some profit in Olymp Trade. At the same time, I will give you a few notes on how to trade in Olymp Trade.
Video for making money in Olymp Trade with an account of $50
How to make money in Olymp Trade with a $50 account
Choose the reasonable trading assets in Olymp Trade
If you are new with a starter account of only $50, then you should choose currency pairs or assets with a payout rate of 80% or more. This is the profit ratio that you will receive if you win. For example, you enter 1 transaction of $100 with a payout of 80%. If you win, you will gain a profit of $80.
Notes: The higher the payout rate is, the more secure your balance becomes.
For example, you are trading with the USD/JPY pair and a payout of 60%. You open 5 orders ($10 each). 3 wins – 2 losses => You lose $20 for 2 losing orders and make $18 for 3 winning orders => Your balance is still losing $2.
But if you trade with the EUR/USD pair and a payout of 80%. You also open Olymp Trade 模拟账户开立 Olymp Trade 模拟账户开立 5 orders ($10 each). 3 wins – 2 losses => You are still profitable with $4.
Advice for beginners: EUR/USD and GBP/USD are the best 2 currency pairs for you to Olymp Trade 模拟账户开立 get acquainted with during your first trades.
The principles of candlesticks
At different time frames, the price will have different fluctuations. It will also create different candlesticks. Just by observing, you can realize this.
For example, during this trading time frame, EUR/USD creates alternating green and red candles. There are at most 4 consecutive green candles, after which a red candle will appear. And vice versa, there are at most 4 consecutive red candles and then green candles will Olymp Trade 模拟账户开立 appear.
Notes: Do not observe the 1-minute Japanese candlestick pattern. Fast fluctuations may make you Olymp Trade 模拟账户开立 lose money faster and easier.
Open correct orders
Now you know the principle of candles. The trading strategy for use in Olymp Trade that I mention now will be as follows. When 2 red candles appear in the market, you should start opening orders. Now you bet that the third candle will be a green one. If the third candle is still a red one, then open another order to bet that the fourth one will be green. It means that you will open 2 “HIGHER” orders continuously.
For details, you open 2 “HIGHER” orders to bet that a green candle will appear after 2 consecutive red candles.
Order 1: Bet on a green candle – open an UP order – $2 => LOSE
Order 2: Bet on Olymp Trade 模拟账户开立 a green candle – open 1 more UP order – $5 => WIN
After 2 orders, you gain a profit of $2.1. Profit ratio is $2.1/$50 = 4% of the balance.
Know where to stop
Do you ever have these questions as follows? If you lose both orders in a row, what should you do? The answer is “Stop!”. When the movements of candles do not follow any cycle, then stop. Keep your money.
On the contrary, if you win, you should also know where to stop. You may find that you have only earned a few dollars. But in fact, the profit you gain is several percentages of your total capital.
How To Use The RSI Indicator 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 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, Olymp Trade 模拟账户开立 warning which trend the market is in. This is shown clearly when the RSI crosses the 50 line, the price has a trend reversal.
And this is the perfect piece for 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 Olymp Trade 模拟账户开立 identify an incorrect signal to avoid placing wrong orders. Very effective, isn’t it?
Summary
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 Olymp Trade 模拟账户开立 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.
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