Pick a time horizon to trade in and stick to it. The trading style of a short, middle and long term investor vary wildly. If you are trading on the long term, you can't jump just because you see bad news coming out. If you are on the short term, you'll want to react immediately.
Being careless with what you are trading, or being ignorant has caused many to people to fail. If a stock is already losing, there is no point in putting more money into it. Common sense tells us that this is a bad idea, but so many people seem to not pay attention and do it anyways. Make sure you are knowledgeable about your trades, and listen to your gut feelings when buying.
Choose an experienced broker to help you start out. Ask around, and plan to do research before you choose someone to help you. An inexperienced, or worse, unethical, broker will tear down all the gains you may have already made. Choose someone who knows how to work with your level of expertise.
Start your Olymp Trade career with small amounts of money and low leverage. This will let you get your feet wet without losing your house. As you start to make a profit, reinvest a portion of it into your trading account. Try to not add more of your own money in past your initial starting investments.
Don't involve yourself in an uncertain Olymp Trade trade. It's better to wait in a condition of uncertainty than it is to risk your capital when you aren't sure of success. Olymp Trade trading is all about the odds, and if you can't tell what the odds are, it's better not to bet at all.
If the data that you have analyzed is not showing any profitable trades, do not be afraid to sit out. There are times that staying aside the trade action is the best action to take. If you cannot see profitable probabilities, then you have no clue what to do, so do nothing.
The correct timing and placement of stop losses on the Olymp Trade market may seem to be more like an art then a science. You have to find a balance between your instincts and your knowledge base when you are trading on Olymp Trade guide the Olymp Trade market. That said, you will need to gain plenty of knowledge, practice and experience to expertly take on the stop loss.
If you are not bored out of your mind by Olymp Trade trading, you are doing it all wrong. If you are getting an adrenaline high by risking your money on bad trades, you should consider bowing out and going to a casino. Olymp Trade is all about self discipline and analyzing information, in order to make a smart trade.
Once you understand the basics in foreign exchange trading, you can start planning your investment strategy. The key is to give yourself enough time to get used to the market. Do not expect to become an expert overnight, and do not be discouraged if things start slowly in the beginning. Be consistent in applying what you learn, and you will be in good shape.