There are many trading platforms available for traders looking to hone their skills. The Olymp Trade demo platform is the perfect trading environment for beginners. New traders can find it daunting to get started. Before feeling comfortable risking your hard earned money there is much to learn, understand, and practice. As a platform Olymp Trade is focused on making trading as easy to learn and simple as possible.

Risk-Free Trading: Olymp Trade Demo Account

This desire has driven Olymp Trade to create its own free educational materials and demo platform. This account trades exactly like the live account, however, instead of using real money the account trades Demo Dollars.

Olymp Trade’s demo trading simulator is immediately available after a quick (1–2 minute) registration; unlike other trading terminals, which require you to wait hours or days to open a demo trading account. To register you need to provide your name, email address, and a phone number; no minimum deposit is required to start trading with a demo account.

Olymp Trade’s free demo account allows traders to test their knowledge in live markets in real-time. The best preparation for newcomers looking to make a profit is learning to use indicators, trading tactics, and money management strategies in live markets.

The ability to trade different assets with up to date quotes and accurate calculation of the trade payouts make this demo trading experience realistic. Expert traders agree, experience in live markets, like on the Olymp Trade demo platform, is invaluable.

To start each trader has 10,000 Olymp Trade Demo Dollars which can be refilled an unlimited number of times. The feeling of making an investment into a live market based on your own analysis and following your chosen strategy is like nothing else.

There are many emotions involved in live trading. Learning to control urges, reactions, and sentiments is a crucial part of becoming a seasoned trader. Olymp Trade provides the exact same trading experience through its demo options and forex platforms as it does for live accounts. The only difference being whether real or demo money is used to execute trades.

To refill your demo account balance, it must be below 5,000 Demo Dollars. First, click the “Make a deposit” button. Then in the prompt box select, “Deposit up to D10,000.00” in the top section under Demo account. Your account will refill back to D10,000.

Free Education

When creating the educational database Olymp Trade experts focused on three principles: education should be simple, comprehensible, and free. No need to pay for strategies or to attend Olymp Trade webinars.

The Education section has a wealth of knowledge to compliment Olymp Trade’s demo platform. An entire educational suite was developed with trading strategies, trend indicators, and analysis tools all explained in simple language. Their built-in automated assistant helps answer traders’ questions as they arise with unrivaled in-depth clarity.

Olymp Trade’s library of webinars gives people an opportunity to see the full range of indicators, trading tactics, and money management strategies demonstrated by experienced traders. Their YouTube page with 600+ videos in 8 languages has something for everyone to learn. Olymp Trade’s demo platform is the perfect playground to practice new found knowledge in live markets.

Trader support is available 24/7 in 8 languages. VIP traders can live chat consultants around the clock to help with any questions or issues traders have.

Ready-to-use Analysis Tools

There is a wide variety of user-friendly market analysis tools on the Olymp Trade platform. For example, the RSI (Relative Strength Index) indicator which graphically shows when an asset has increased or declined dramatically is provided.

Take a look at the purple line under the EUR/USD pair chart. This is the RSI signal line.

When the line rises above 70, traders should short the asset. Conversely, if the line falls below 30 traders should take a long position. There are many other indicators traders can use on the Olymp Trade demo platform.

In the dropdown menu, some of the indicators have an arrow to their right that brings up the platforms automated Assistant. Created to provide traders with information about the tools and how to use them, traders have mentioned how helpful they really are.

Conclusion

The Olymp Trade demo platform was created to best replicate the trading experience. Novice and experienced traders can use this platform to better their skills, test new trading strategies, as well as practice using different indicators and analytics. As stated nothing compares to the experience of trading in and analyzing live markets. Learn and hone your skills in one place with the Olymp Trade demo platform.