MT4 – Account Types Available On Olymp Trade
Olymptrade mt4 platform
To gain profit on one of the large and reputable Olymp Olymp Trade模擬賬戶審核結論 Trade brokerage services, you can use different types of accounts. Today, in addition to convenient desktop and both smqartphone and tablet applications, users can also use the MT4 Olymp Trade模擬賬戶審核結論 platform.
Find out what account types exist at Olymp Trade today, what privileges and advantages each of them gives, as well as which one should you choose in your circumstances.
Demo Account At Olymp Trade
Demo, that is, Demonstration Account is a type Olymp Trade模擬賬戶審核結論 Olymp Trade模擬賬戶審核結論 that helps new users of the system see how the platform works and allows Olymp Trade模擬賬戶審核結論 to discover how to use many of its functions and capabilities. Iт case you do not have enough experience and are afraid of incurring losses at the very Olymp Trade模擬賬戶審核結論 beginning, then simply by registering you can use a simulator that will help you understand the intricacies of trading, understand the price movement charts and the peculiarities of opening positions.
You can apply a demo account for learning as long as Olymp Trade模擬賬戶審核結論 you like in order to have time to properly find out and understand how to act for successful trading. In this case, you can get 10,000 trainer units again if the demo balance drops below 5,000.
In the process of learning on a demo account, you will gain experience practically no different from what Olymp Trade模擬賬戶審核結論 you will have when trading with real funds. You will be able to try Olymp Trade模擬賬戶審核結論 out any strategies before you start risking your money.
How Can I Open a Demo Account?
You need only create login and password on the trading service. You Olymp Trade模擬賬戶審核結論 can register an account at any time using any of the world languages available on Olymp Trade.
Also, by visiting the website www.metatrader.olymptrade.com you can Olymp Trade模擬賬戶審核結論 Olymp Trade模擬賬戶審核結論 Olymp Trade模擬賬戶審核結論 register a MetaTrader 4 account or simply use your existing account. Log in with Olymp Trade模擬賬戶審核結論 your username and password, without the need to create new ones.
Differences Between Account Options at Olymp Trade
The time has its frame when using the Forex mode, so the trader will have only weekly time limit, while in the fixed time Olymp Trade模擬賬戶審核結論 Olymp Trade模擬賬戶審核結論 mode in general, both Demo and Real accounts look the same. This allows beginners and not only them to test different strategies using small amounts of their real money.
What Types of Accounts Can I Use at Olymp Trade For MetaTrader 4?
Users can use Standard and ECN accounts in both demo and real modes. You can pay a spread of at least 1.1 points using a Standard account, Olymp Trade模擬賬戶審核結論 Olymp Trade模擬賬戶審核結論 while opening an order there is no need to pay a fee. The ECN account allows you to trade with a fixed charge with a spread equal to zero.
It is worth using the demo versions of both types of accounts to understand the essence of both methods. We also recommend trying various trading options with overnight hold replacement using the function without SWAP.
Open MetaTrader 4 Accounts
When you have registered on the www.metatrader.olymptrade.com website or logged in with your existing username and password, you can create one of the proposed MetaTrader 4 account options, both a demo version and a real one, and then select the Standard type or ECN.
Using this data, you can log into both the MetaTrader 4 web application and the mobile application. You can change the password for your MT 4 account at your convenience by going to your personal account and selecting the Olymp Trade模擬賬戶審核結論 settings.
Open MetaTrader 4 Accounts on Olymptrade
So, starting with the demo account of Olymp Trade模擬賬戶審核結論 the chosen option, you can safely start learning and developing as a trader. Your funds will initially be protected from beginner mistakes while you improve your trading skills.
4 Chart Types you can use on the Olymp Trade platform
Area charts are linear charts which means that the price movements are represented by the line.
This particular type of chart is the most widely used nowadays. Candlesticks carry information Olymp Trade模擬賬戶審核結論 Olymp Trade模擬賬戶審核結論 about changes in the price over a specified time frame. The body and wicks form a candlestick.
The body range tells us about the opening price (O) and Olymp Trade模擬賬戶審核結論 Olymp Trade模擬賬戶審核結論 the closing price (C). The wick on the top of the candle shows the highest price (H) and the one on the bottom indicates the lowest price (Olymp Trade模擬賬戶審核結論 L).
The candlestick is colored green in case the price of the asset is going up. When it is going down, the candlestick will be red.
A five-minute candlestick shows how the price is changing during a 5 minute period.
The Olymp Trade模擬賬戶審核結論 basic rules of their construction are the same as in the case of Japanese candlesticks. This chart type is formed by a vertical line and two short perpendicular lines to the left and the right. The short lines give us the information about the opening and closing prices while a vertical line about the highest and the lowest ones. Bars contain the same set of price data but visually they Olymp Trade模擬賬戶審核結論 are not so suggestive.
Another chart type available on the Olymp Trade platform is Heiken Ashi. Take a look at the picture below and guess what it is.
If you are not familiar with Heiken Ashi and you will see the chart you will probably mistakenly guess that it is a candlestick chart. It actually looks like a candlestick chart. What can grasp your attention is the fact that there are usually more the same colored candles in the row. In other words, the color of the candles doesn’t change that often like on the candlestick chart. The reason for that is Heiken Ashi candles are made not from pure prices (OHLC) but from calculations made using prices. All formulas used for calculating Heiken Ashi Candle are listed below.
Why are Japanese Candlesticks the most Olymp Trade模擬賬戶審核結論 Olymp Trade模擬賬戶審核結論 commonly used?
Candlesticks are the most popular chart type used to analyze today’s market situation. Why do professionals like them so much? First of all, they are very Olymp Trade模擬賬戶審核結論 easy to use. The other reason is the amount of information they contain. They Olymp Trade模擬賬戶審核結論 give a general overview of the situation and that is the reason they can Olymp Trade模擬賬戶審核結論 be meaningful and useful without adding any indicators.
REGISTER ON OLYMP TRADE PLATFORM: EASY Olymp Trade模擬賬戶審核結論 TRADING, HIGHER PROFITS
Register to enjoy easy trading and higher profits on the Olymp Olymp Trade模擬賬戶審核結論 Trade platform.
How to Install the Olymp Trade App for Desktop
One of the major Olymp Trade模擬賬戶審核結論 factors that need to be taken into account when choosing a platform for trading Olymp Trade模擬賬戶審核結論 Olymp Trade模擬賬戶審核結論 digital financial derivatives is accessibility. Is access easy from different types of devices?
You don’t need to worry if you are using the Olymp Trade platform. You will reach it with no problems via an internet browser, mobile application, and computer desktop Olymp Trade模擬賬戶審核結論 app. Here we discuss the latter.
The Olymp Trade desktop app is designed to work on two leading operating systems, macOS and MS Windows. The app function independently of the home page, which makes it light and fast at the same time.
Additionally, the app is fairly secure and includes all the features you will find Olymp Trade模擬賬戶審核結論 in the app accessed through the internet browser. Actually, it looks identical.
Your Olymp Trade account is synchronized with your computer application so you can easily view all your trades.
How to get through the installation process to use the Olymp Trade computer app
The first step is to open the Olymp Trade website. Here you can find the necessary links for Windows (x32 and x64) and macOS.
Olymp Trade application for macOS
If you are a Windows user, the downloaded file is Olymp_Trade_Community_Version_win64_latest.exe file. For macOS, it will be the Olymp_Trade_Community_Version_mac_latest.dmg file. Click on the Download button to save the file.
Find the downloaded file in the default download Olymp Trade模擬賬戶審核結論 folder and click the icon to start installing the app. You follow the steps of the setup as with any other desktop app on your PC.
The Olymp Trade app will open immediately after installation. If you previously used the Olymp Trade platform, you will be able to log in with your email address and password. If you are new to Olymp Trade, simply sign-up for a demo account.Olymp Trade模擬賬戶審核結論
Well done! You successfully went through all the steps necessary to have an Olymp Trade app on your computer. Now the only thing left is to use it!