How to Predict Olymp Trade?

Market Analysis Decoded

On Olymp Trade, you can trade binary options corresponding to stocks, commodities, cryptocurrencies, and Forex. There are fixed-time trades where you need market predictions for a short span. I could test each scenario and had the following realization:

Unpacking Fundamental Analysis

Charts and indicators are fine, but even Binary Options respond to market sentiments and fundamental factors. News events, company financials, and other details should remain on your radar. Olymp Trade has a specific section for the same under the Education tab.

Predicting the market better with learning tools

Short-Term Technical Analysis

If you plan to trade binary options, you should approach the price chart for scalping. This means the timeframes should be short — 1 minute to 5 minutes. You should select indicators like MACD, RSI, and more according to the timeframe.

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Best Indicators and Tools to Predict

If you want to predict Olymp Trade binary options and the direction of the move, some indicators work better than others.

Moving Averages

Simple and exponential moving averages work exceptionally well. As they calculate the average price across a given period, using them for trading binary options is better. For instance, if you have a 1-minute timeframe to bet on the price of the EUR/USD pair, you are better off using the 10-period simple moving average. For EMAs, the 5-period approach can also provide relatable insights.

Access to trading indicators and signals

To predict the right Olymp Trade trades, check if the price exceeds or falls under a moving average. For a combination of moving averages, you can use the low period moving average to cross above the high period one and vice versa. Analysts tag these scenarios as golden and death crossovers.

Relative Strength Index

Even though the RSI indicator is suitable for gauging momentum across more extended time frames, tools like the 14-period RSI are handy.

The trick is to find quick momentum shifts. For instance, placing the RSI on the 5-minute timeframe on Olymp Trade can help you anticipate price reversals early. If the RSI drops below 30, all while there is a golden moving average crossover or even a price breakout, you can bet on the higher price.

Moving Average Convergence Divergence (MACD)

Even though MACD is similar to the RSI, it tells much more than the change in momentum. This includes momentum, direction, and duration of the trend. Smaller time frame parameters for MACD include 1,5 and 13, which are suitable for short-term trend analysis.

Candlestick Patterns

While indicators are all cool, you can get a lot of prediction-specific insights using candlesticks. On Olymp Trade, you can select the candlestick representation of the price chart and look for crucial reversal patterns. For instance, if a Doji forms after a downtrend on a 1-minute chart, the next leg of the price action could lead to an uptrend.

Candlestick patterns and RSI

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Paid Tools and Indicators

While a few indicators are built-in, Olymp Trade predictions often require more. You can, therefore, head out and purchase a host of tools from the “Market” section. From Forex to Crypto to astrology-based prediction tools, there is almost anything you can buy to take your trading gigs to the next level.

Paid analysis tools

If you want to benefit from risk-free trades, you can purchase enhanced trading conditions by qualifying as an Expert trader. You can purchase exclusive indicators like the inversion Bollinger, pivot points, and more.

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Sentiment Analysis Explained

Fundamentals and technicals aside, sentiment analysis also goes a long way in helping you predict the right kind of trading opportunities. However, this feature isn’t exclusive to the Olymp Trade platform.

If you are a trader, you should track several sentiment indicators, like the Put/Call ratio for a given instrument and the corresponding Fear/Greed index, to get things on track. You can even track the news, social media, and other channels to supplement your trading strategies with actionable information.

Market-specific fear and greed index: CNN

Trading Strategies that Work

Only some people know that Olymp Trade lets you work with highly specialized trading strategies. Yes, these come at an additional cost but are worth the splurge. Once you purchase, you can simply copy-paste them across the price action to get the best possible signals.

You can even purchase Algorithmic-signals, including OTC Swing, OTC intraday, and more.

Paid trading strategies

Risk Management in Trades

Risk management is an integral part of prediction markets. On Olymp Trade, trading strategies like Stop Loss and Take Profit help you exit trades with minimum capital erosion and maximum profit generation.

Risk management tools

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Final Thoughts

If you want to predict most Olymp Trade trades successfully, you should know how to use indicators and strategies correctly. Not to mention the “Help” section that can fill you with the right educational tools and trading skills! Finally, before you start using your own money, it is advisable to try out the “demo account,” which even other credible brokers offer, and predict things on paper just to get the hang of things.