My first trading experience was an example of how one should not do it. I lost my deposit in a couple of days. Then there was a two-year break. Once I decided to jump at the offer to attend the Olymp Trade training webinar.
At the webinar, I noticed one oddity: the analyst was constantly changing the trade amounts. In the meantime, he explained that after a losing trade, he increased the amount of the next one by 2.5 times. This approach helps traders get out of the draw down because the yield of a successful trade will fill the loss.
This way of managing financial risk is called a loss compensation system or the martingale system.
I realized that the more attempts to make a successful deal I make, the higher my chances of getting a profit are. But I decided to look for a less costly way to get more funds for trading without spending my own money. Bonuses were the answer to this question.
Unlike other brokers, Olymp Trade offers really profitable bonuses — here are the reasons why:
- All the profits one gets when trading and using bonuses can be withdrawn without problems.
- Unlike other brokers, Olymp Trade imposes no strict conditions for trade turnover.
- You can withdraw your money at any time.
I spent a lot of time getting to grips with the Olymp Trade bonuses, so I decided to write this article on my experience. I would like to share it because this approach allowed me to start earning. I hope that having read the article, you will be able to boost your trading performance.
What does a bonus mean?
A bonus is the money that a company provides traders with under certain conditions. This sum cannot be withdrawn, but you can use it to earn with no time restrictions.
I created my first Olymp Trade account in 2016. Then, I deposited $500 and received extra $150 as a bonus. This is a standard deposit bonus, but now there are various types of promotions for traders.
Below, I will tell you about what is interesting about each type of the platform’s bonuses:
• The most profitable Olymp Trade bonus is the best option for those who prefer the martingale system.
• The most available bonus increases the chances of success and allows you to get a VIP status.
• For the most active ones — Olymp Trade provides promo codes, which can be used by the social media community members to get extra bonuses.
The most profitable
After my first experience in 2016, I did not trade for a very long time, since I spent $650 (my own $500 and a $150 bonus) on losing trades. In early 2019, I created a new account and I was lucky to receive a welcome bonus — Olymp Trade now provides all new users with a bonus in the amount of their first deposit!
A company representative said that such conditions apply to any deposit amount from $10 to $200, but this bonus has quite an unpleasant time limit. It is valid for 60 minutes and for one use only. As you can understand, I managed to use it.
I recommend you use this opportunity!
The thing is if you deposit $200 and get a $200 bonus, you can use this amount with several martingale options.
- In the first variant, you have 7 attempts to make a successful trade with the starting amount of $1! From my own experience, I must say that I never lost 7 trades in a row.
- In the second variant, you have 6 attempts to make a successful trade. It’s worth using if you do not assume that there can be a recurring order in the losing trade sequence.
- If you choose the third variant, you will only have 5 attempts. It is supposed to suit attentive and disciplined traders.
Bonuses make your trading account stronger.
I have significantly increased my deposit over two months. Here is my typical trading scheme: the first three deals caused a draw down of $1275. The loss was completely offset by the fourth trade. I also managed to keep my balance positive by earning $525.
I could not even dream of earning $500 a day. And this would not have been possible without the Olymp Trade bonuses.
The most available
Throughout your career as a trader on the Olymp Trade platform, you get bonuses for depositing your account. The amount of bonus depends on the amount of money you deposit. A minimum bonus of 10% will be credited to your account if you make a deposit of $30 or more.
Rules on the use of bonuses
The most important thing one should know is that in case of losing trades, one first spends one’s own money and then the bonus. I had an idea to deposit my account, get a bonus, try to earn and withdraw money if I fail. The member of the support team told me that this option was not possible. I had to learn how to trade.
There is another important rule: Oylmp Trade bonuses automatically burn out if you apply to make a withdrawal. Therefore, try to withdraw funds only when you can get a larger bonus for making another deposit.
For example, if you started trading with $200 and a 100% bonus (the total sum is $400), you’d better withdraw money after you earn $1500. Thus, you can spend $500 on your needs and deposit $1000 to your account. Having deposited $1000, you will get a $300 bonus. That’s what I did.
credit to ....https://medium.com/@emn2018/olymp-trade-bonus-a-real-trader-success-story-c21733127167
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