First, I’d like to thank a friend Anne for his interest in my article on website. I’m truly impressed by the email you sent to me. It is undeniable that your article is so real and true for a newbie. But I’m sorry to say that everything is not like in your dream.
With $3000 budget: You will become unbeatable at Olymp Trade
He is a newbie who’s just registered a Demo account at Olymp Trade. After logging for the first time in Olymp Trade platform, based on my simple indicators I often shared on this website, he confidently claims to be unbeatable at Olymp Trade.
This is how he trades. If there are 3 red candlesticks appearing constantly, he will start betting on the green candlestick or vice versa.
How to enter the order: 3 clear consecutive candlesticks in the same red color => bet on green (Up trade). In contrast, 3 clear consecutive candlesticks in the same green color => bet on red (Down trade).
Read more at the article: Triple Candlestick Pattern – a simple way to trade but very effective at Olymp Trade.
How to open Fixed Time Trade with 3000 dollars in budget
His later trade was three times bigger than the previous one. These were very aggressive moves. Here is an example: 1 – 3 – 9 – 27 – 81 – 243 – 729 – 1907. The minimum and maximum Fixed Time Trade that you are allowed to open trade are $1 and $2000 respectively at Olymp Trade. Combine 8 trade, he spent $3000 total. You should understand this way: 1 cycle will include 8 continuous . If the first one loses, open the next one, keep going to the 8th order.
He used the probability and statistics method to create the above strategy. Depending on the survey of the 9am-11am time frame of EUR/USD, there will be no appearance of 11 continuous candlesticks with the same color. Basically, you will only open Fixed Time Trade when 3 candlesticks with the same color come up. To burn all $3000, you need 11 continuous candlesticks with the same color.
And yes, that is true. In my experience, it is extremely hard to have 11 green or red candlesticks coming up constantly, especially with EUR/USD at 9 am – 11 am time frame.
But please trust me, “Life is life, it’s not your dream”. He has a Demo account with $10,000 free, and that is the reason why his moves are so aggressive. When trade live with this trading style, you may get nothing but tragic loss and an unforgettable lesson.
“It’s quite easy to say, but hard to do”
That quote is 100% true, especially with people who trade at Olymp Trade. Thinking, talking and doing are completely different things. If they could do what they said, they would be very rich or successful. No doubt!
When losing at 4th or 5th, you still can keep calm and think clearly because it just takes $121 away from you. But after the 5th, your hands start shaking, your heart starts beating fast and sweats are all over your body. Every second waiting to the end is every second you hold your breath. With the skills of a newbie, it’s very easy to make mistakes when opening Fixed Time Trade in this situation. Your mistakes will possibly lead to burn all the money in your account.
There is no 100% in a probability game
The probability of 11 candlesticks with the same color which appears continuously is very low, but it doesn’t mean ‘impossible’. Particularly in the currency market affected by the news, unfortunately, if that case happens, your account will be burned. And $3000 is the big money that you might have to work so hard to earn. Let me explain:
You open trade from the 1st to 8th with 80% pay out. If you win at any Fixed Time Trade, the money in your account will increase. When you win at the 1st order, you earn only 0.8$. Supposing that you win at the 4th Fixed Time Trade, you gain $8.6 in profit. It means if you burn $3000, you need to win consecutively for the next 349 circulations to get your initial investment back. Do you think you can do that?
Go against the main principle
The general message I want to deliver to you is: “Keeping money is more important than earning”. Just for one wrong decision, you can lose all. It is completely wrong. The opportunity only comes to people who have money. If you have money, you can get money. But if you run out of money, you can get nothing. The only thing you can do after losing all is logging in your Facebook then posting a crying status about how Olymp Trade scam.
And this is my share
Dear newbie! I truly respect your brave. You dare to accept, to experience and to open UP/DOWN at Olymp Trade without being afraid.
But, losing money is not a comfortable feeling. Instead of spending more money, you should spend more time and patience. Why don’t you add one or two more indicators to your strategy? The more indicators you have, The more probabilities you can win. Learn the way of being patient and waiting for the right moment which has the highest chance to win.
Nonstop clicking on Fixed Time Trade will make you addict to trade. Do it only 3 or 4 times a day at the point having the highest chance in winning where you are ready to spend real money to trade. That is enough.
Please keep sharing your thoughts and experiences. Join hand with us for a stronger Olymp Trade community.
Join the Olymp Trade Club Signal Group: https://t.me/olymptradeclub19