Olymp Trade Insights is a relatively new feature on the platform. It was designed due to the drive for continuous development. Olymp Trade is a broker who cares about its clients and aspires to provide the best services to them. And so the Olymp Trade Insights was introduced.
You will find analysis, forecasts, and news in the Olymp Trade Insights. And from this article, you will learn how to use this special tool.
Key Takeaways🔑
| →Olymp Trade Insights is a tool that provides traders with analysis, forecasts, and news. |
| →It offers detailed practical information that can assist in making informed trading decisions. |
| →Olymp Trade Insights can be customized to display information related to selected asset groups. |
Contents
Olymp Trade Insights
Practicalities
The Economic calendar is often provided by the brokers on the websites. They are very useful as they are giving information about important news releases that can influence the market. Thanks to this knowledge you get a chance to act properly.
You can always view principal economic news on the Olymp Trade interface. But the Olymp Trade Insights gives you some more choices.
To access the Olymp Trade Insights feature, you must click on the three dots icon on the left side of the trading platform. Then, choose Insights from the list that has appeared. It will open a new tab in your browser where you will see Insights Feed.
It is also possible to investigate the Insights without leaving your trading platform. To do this, press the question mark button on the left sidebar. I prefer to read it in a separate window in the browser.
You do not have to view all the data with Insights. You can set your preferences and choose to see only the details concerning a particular collection of financial instruments. It may be one or many collections. You can choose from commodities, stocks, indices, ETFs, Currencies, and crypto.
Using the Olymp Trade Insights tool
You will find a lot of information in each insight. Read them carefully and use them to your advantage. Each article can consist of fundamental analysis and technical analysis. Usually, you will find there detailed practical information like a forecasted price for the underlined asset.
With the Olymp Trade Insights, you get the chance to stay well-informed. You will know when important announcements such as government reports, company reports, or international news are released. Moreover, Insights forecasts will help you to decide on the best asset for a specific session.
Pros and Cons of Using Olymp Trade Insights 💡🏷️
Pros ✅
- Provides updated market analysis, forecasts, and news.
- Allows users to customize the display based on the asset groups they’re interested in.
- Can help traders stay ahead of market trends and make informed decisions.
Cons ❌
- May require some time to get familiar with the tool and understand how to best utilize the insights provided.
- As with any trading tool, it doesn’t eliminate the risks involved in trading.
- Requires an active internet connection to access updated insights.
Comparison Between Fundamental Analysis and Technical Analysis in Olymp Trade Insights 💎🔍
| Fundamental Analysis | Technical Analysis |
|---|---|
| Focuses on global news, financial reports, and market events. | Relies on price trends and chart patterns. |
| Helps predict long-term market behavior. | Helps predict short-term market behavior. |
Summary
Olymp Trade Insights is a very useful feature. You will stay ahead of market trends with it and you will have time to prepare yourself for what is coming.
Moreover, you can use it to select the right instrument for the session. If you do not like to trade high volatile markets check the Insights feature to learn which asset to avoid.
Today, the Olymp Trade Insights is available in the online version of the platform as well as in the desktop Olymp Trade app and the Android app. It is soon expected to be accessible from the iOS too. Furthermore, the extension for more languages is intended.
Remember that you can test new features on the Olymp Trade demo account. I always recommend checking how the tools, indicators, or strategies work in the practice field first. Kindly share your comments with us.
Have a good trading experience!
Frequently Asked Questions 📚💡
- Q: What is Olymp Trade Insights?
- A: Olymp Trade Insights is a feature that provides analysis, forecasts, and news to assist traders in making informed decisions.
- Q: How can I access Olymp Trade Insights?
- A: You can access it by clicking on the three dots icon on the left side of the trading platform and choosing Insights from the list.
- Q: Can I customize the information displayed on Olymp Trade Insights?
- A: Yes, you can set your preferences to see only the details concerning a particular collection of financial instruments.
- Q: Can I use Olymp Trade Insights on the mobile app?
- A: Yes, Olymp Trade Insights is available in the desktop Olymp Trade app, the Android app, and soon in the iOS app.
- Q: Does Olymp Trade Insights eliminate trading risks?
- A: While Olymp Trade Insights can provide valuable information for informed trading decisions, it does not eliminate the inherent risks involved in trading.