Swing trading is a brilliant strategy... but does it suit you?

Four key questions can help you know if swing trading is your trading style 😎

🎬 Watch this video and let's answer them together! → https://www.youtube.com/watch?v=gTgllGfnlUs&feature=youtu.be

📅 Our freshly updated economic calendar is ready.
Check out the key events of the upcoming week that are likely to affect major currency pairs.

Which event do you think will have the biggest impact?
🔥New Zealand interest rate decision
🤩USD crude oil inventories
👍Eurozone CPI

🔔 On Nov. 27 at 1:30 pm UTC, the US will publish its final Q3 GDP. The GDP is a key indicator of economic health, reflecting whether the economy has grown or contracted.

📈 A higher-than-expected GDP could boost USD.
📉 A lower GDP is likely to weaken it.

GDP data:
Previous — 2.8%
Forecasted — 2.7%

Here’s how the market might respond:
🔼 Data above 2.8% may lead to a drop in EUR/USD.
🔽 Data below 2.8% may result in EUR/USD rising.

Last month, a weaker-than-expected US GDP led to a 67-point rise in EUR/USD, giving traders a chance to profit.

Potential profit:
In FT mode: 82% (within 5 minutes)
FX: Up to +30% (with a 500x multiplier)

How do you think EUR/USD will react?

👍 EUR/USD will rise.
👎 EUR/USD will drop.

Between Nov. 12 and 16, 2024, XRP’s price surged by 100%, mainly driven by Ripple Labs’ legal victory against the SEC. The court ruled that the XRP being sold on secondary markets is not classed as a security.

Recent price movements:

📊 Before Nov. 12, XRP was trading at around $0.60 with moderate volatility.
📈 By Nov. 14, the price climbed to $0.85.
🚀 By Nov. 16, XRP hit $1.20 (+100%).

Why invest in Ripple now?

⚡ Volatility: Ripple’s sensitivity to market and regulatory news makes it perfect for short-term trading.
🔎 Regulatory clarity: Ripple Labs’ recent legal victory has reduced regulatory risks, boosting investor confidence.
🤝 Ecosystem growth: Partnerships with banks and increasing network utility add long-term value.

Earning potential:

Ripple’s price fluctuates by 5% to 10% every week.
Using a multiplier of x10 in FX mode means you can amplify a 10% price change into a 100% gain.

Will XRP break its previous high this month?

👍 Absolutely
👎 No chance

Being informed about key economic events is vital for trading on the news.

📅 Our calendar offers a snapshot of the week’s most important market shakers.

Do you plan to trade on any of these releases?
Yes 👍
No 🔥

On Dec. 6 at 1:30 PM UTC, the US Department of Labor will release the unemployment rate.

The unemployment rate is a key indicator of labor market strength, showing the percentage of the population that is unemployed but actively seeking work.
A higher-than-expected rate may weaken the USD, while a lower rate could boost it.

Unemployment rate:
Previous — 4.1%
Forecasted — 4.0%

Here’s how the market could respond:
🔼 Data above 4.1% may drive EUR/USD up.
🔽 Data below 4.1% may drive EUR/USD down.

Last month, the US unemployment rate remained unchanged, then EUR/USD fell by 343 points (a price change of 0.32%).

Potential profit:
In FT mode: 82% (within 5 minutes)
In FX mode: up to 160% (using a 500x multiplier)

What’s your forecast for the pair?
👍 — EUR/USD will rise
👎 — EUR/USD will drop

🚀 On Nov. 26, IBM stock rose by 10%, thanks to several announcements including new AI-driven products and strategic partnerships.

Price movements:
Weekly growth — up 10% from Nov. 19 to 26.
Year-to-date growth — up 35% since January 2024.

Why trade on IBM stock?
💡 Its launch of Autonomous Security for Cloud, powered by generative AI, has attracted major clients.
📈 Increased interest in automation has led to more orders for IBM software.
🤝 IBM’s collaboration with ServiceNow to integrate generative AI into business processes is strengthening its market position.
💪 These developments have solidified IBM’s reputation as a growing player in AI and cloud technologies.

Earning potential:
IBM’s stock fluctuates by 6% to 8% per month, offering good opportunities for traders. With a 20x multiplier in Forex mode, traders can turn a 1% price change into a 20% gain.

How much will IBM stock grow by the end of 2024? Vote with an emoji.

👍 — 5%
🔥 — 10%
🤩 — 15%

Not sure which indicators best suit your day-trading strategy?

That’s fair — Olymptrade’s got a lot of them 😎

🎬 Watch this video to find out which indicators are best for day trading and why! → https://www.youtube.com/watch?v=OM4T1GClY84&feature=youtu.be

📅 Our freshly updated economic calendar is ready.
Check out the key events of the upcoming week that are likely to affect major currency pairs.

Which event do you think will have the biggest impact?
🔥Australia interest rate decision
🤩Canada interest rate decisio
👍Eurozone interest rate decision

On Dec. 12 at 1:15 PM UTC, the European Central Bank will announce its interest rate decision. An interest rate increase tends to boost the currency’s value, while a decrease usually leads to depreciation. Based on current economic conditions and expectations, the likelihood of a rate cut is 80% to 85%.

Interest rate:
Previous — 3.40%
Forecasted — 3.25%

Here’s how the market could respond:
🔼 If the interest rate is above 3.40%, EUR/USD may rise.
🔽 If the interest rate is below 3.40%, EUR/USD may fall.

Last month, EUR/USD rose by 125 points (a price change of 0.12%) after a rate cut.

Potential profit:
FT: 82% (within 5 minutes)
FX: up to 60% (with 500x multiplier)

What’s your take on EUR/USD?
👍 — EUR/USD will rise
👎 — EUR/USD will fall

Think of market sentiment as the emotional pulse of the financial world.

It’s visualized through a sentiment indicator, which reflects the balance of open trades:
🔴 Red represents the percentage of traders selling (Down trades).
🟢 Green is for traders buying (Up trades).

What influences the market sentiment?

🟡 Assets’ past performance.
🟡 Economic reports and metrics like the GDP, inflation or employment rates.
🟡 Global events, news and geopolitical developments.

These factors can turn the market sentiment bullish (optimistic) or bearish (pessimistic), shaping short- to medium-term price trends.

Example: In February 2024, NVIDIA stock surged 15% after record AI chip sales. Traders tracking sentiment could’ve bought at $300 early in the month and sold at $345 mid-February, gaining $45 per share — or $4,500 for every 100 shares.

Have you tried reading the market’s mood?

🔥 — Absolutely
❤️ — Not yet

🚀 Last week, Litecoin surged by 55% due to increased whale activity and speculation around a potential ETF approval, caused by the news of Gary Gensler leaving the SEC.

Price movements:
Nov. 27 to Dec. 3: 55%
Year-to-date: 80%

Forecast:
1–2 months: A price consolidation is expected between $120 and $130, with possible dips to $110. If it breaks through $130, a rise to $140 or $150 could be possible.
3–6 months: If the bullish trend continues, LTC could reach $150, though short-term dips to $100 could occur.

Why trade on LTC now?
🐋 Large investors have purchased over 13 mln LTC, reducing supply and boosting the price.
🏦 The potential approval of a Litecoin ETF could fuel increased demand.
📈 Litecoin is likely to follow the broader bullish trend in the crypto market.

Earning potential:
LTC’s price typically fluctuates by 20% to 30% monthly. With a 5x multiplier, a correct forecast could lead to up to 150% profit in a month.

What’s your forecast for LTC by the end of 2024?
👍 — $150
❤️— $175
🔥— $200

This strategy is great for the Flex users looking to capitalize on trends. Moving averages help identify trends, while the Flex mechanics allow you to quickly adjust to lock in profits or cut losses.

✏️ I recommend using 2 lines:
• EMA 9 (short)
• EMA 21 (long)

⏱️Use a 1-minute timeframe with a minimum trade duration of 2 minutes, or a 5-minute timeframe with a trade duration of 10 minutes.

📈 Open a Buy trade when the short EMA crosses the long EMA from below, signalling an uptrend.
📉 Open a Sell trade when the short EMA crosses the long EMA from above, signalling a downtrend.

💰 If the price continues moving in your favor, close the trade to secure your gains before the market reverses.
✂️ If the price moves against your forecast, close the trade after another EMA crossover to cut losses.

The key to success with this mechanics is to take your time — don’t just rush into positions.

Have you already tried Olymptrade Flex Trades?
👍 Yes
👎 Not yet