How to Begin with Digital Financial Derivatives on Olymp Trade


Trading derivatives at Olymp Trade

Trading digital financial derivatives are not that difficult. It requires practice, like everything else, but this is why Olymp Trade offers you a demo account. Anyway, here you will find a short tutorial on how to open a trade. We will describe the 4-steps process to get it done.

Follow these 4 steps to open a trade
Follow these 4 steps to open a trade

Choose an asset

In the left top corner of the Olymp Trade platform, you will find the drop-down window. Here you can choose the asset you like.

1. Choose an asset
1. Choose an asset

Set the duration of the trade

Let’s move to the right top corner. You will find there a window with time. Here you can set the duration of your trade.

2. Choose duration of your trade
2. Choose the duration of your trade

Define the investment amount

Just below the time field, you will find a box where you can set the amount of money you wish to put in your trade.

3. Set amount you want to put in your trade
3. Set the amount you want to put in your trade

Choose market direction

Further down there is an area with a green and red button. Now is the time to predict the market direction. If you think the prices will go up, you simply press the green button. If your assumptions are opposite, you press the red one.

4. Open the trade in direction you think that market will follow
4. Open the trade in the direction you think that market will follow

The trade is now opened.

Trade is now opened
Trade is now opened

“Sell” your trade order

You are not allowed to sell just before expiration
You are not allowed to sell just before the expiration

If it happens, that your predictions weren’t right, you can still get out of the trade. So if, for example, you were expecting the market to go up, but after a while, you notice it goes the opposite direction and you are pretty sure your trade will lose, now is the time to press the sell now button. It won’t be at the same price you made a buy, but it will surely prevent your account balance from losing the full amount declared as a trade size. Bear in mind, however, that you cannot use this possibility if the remaining time is less than 1/6 of fixed-time trades expiration.

Practice makes perfect. Remember, you can sharpen your skills on a demo account. You can also learn from your past transactions. Study whether they won or lost. You get easy access to your past trades on the right side of the Olymp Trade platform.

 

List of past trades
List of past trades

Tell us about your doubts, trades, and successes in the comment section below.

Good luck!

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Bart Bregman

Full time day trading, and helping out with Olymp Trade wiki in my spare time to create an awesome platform for beginners. I'm a digital nomad that travels the world while working from everywhere!

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