Last updated on September 30th, 2022 at 09:41 pm
I know what you are thinking, scam! Scam! Scam!… well… I didn’t believe it either up until I held his phone and confirmed the balance!
Of course, this is Kenya, I won’t be mentioning names but I will show you how he does it step by step.
To turn 1K into 10K in under 24 hours ain’t no joke. It takes skill and patience and a bit of luck.
But with practice, you can master the skillset needed to get the job done.
In fact, I am being conservative here mentioning that he makes 10K per day.
Reason is, I know some of us got bullshit detectors up so high. And if I was to mention that I once saw a screenshot showing $910 he made in under 29 minutes.
That is Ksh. 103103 in under 30 minutes!
No one is gonna believe you if you tell them that.
It doesn’t matter anyway because I am not here to convince you about that. Rather, I want to enlighten you and open your mind to the possibilities outside here.
Anyway, let’s get right to the point.
How he does it
There you have it.
He trades on Olymp Trade, which is a legitimate online trading platform. This is the place you can turn just $10 into any amount you want if you can master your emotions and skill.
What is Olymp Trade in Kenya?
Olymp Trade is one of the most popular online trading platforms in Kenya which allows people to invest less and earn big.
What’s more, Olymp trade provides Fixed Time Traders and FX which separates it from other trading assets as they offer an extensive list of assets.
What is Fixed Time Trades?
Well, do you remember the example I gave above of how this friend of mine was able to make $910 in under 20 minutes? That was made possible thanks to FTT trading.
Here, you decide how much you want to invest in an asset, pick a trade duration, and open a position (don’t worry, we will see an example in a minute).
And when the time expires, you earn a profit if your prediction was correct or you lose the invested money if your prediction was wrong.
I know hearing about trading turns you off automatically. But you should stick around because this is easier and sexier than the stock market stuff you see online.
Is Olymp Trade legit or a scam?
Olymp Trade has fulfilled their obligations to traders during the 7 years that they have been working in the market. They are in fact a member of the Financial commission, as you can verify here https://financialcommission.org/ru/members/participating-members-of-the-financial-commission/
They have successfully passed all the stages of inspections, and have been recognized as a safe broker.
So, yes, your money is safe with Olymp Trade in Kenya. You can deposit and withdraw money anytime you want.
Here is one of the hundreds of reviews on TrustPilot.com.
Go ahead and read more here https://www.trustpilot.com/review/olymptrade.com.
Two more things to say about Olymp Trade in Kenya;
- There is a minimum amount required to start investments. The minimum amount to deposit to start trading on this platform is $10. This means that almost anyone can join the platform and become a trader.
- There is easy access to training and educational materials. The training and helpful resources are open to all members of this trading platform in Kenya.
Do you feel safe now?
Again, there is the free demo account you can sign up here and start practicing risk-free.
With that out of the way, let us see how to get started on Olymp Trade in Kenya.
Trading Terms You Should Know
- Minimum deposit amount: $ 10 (KES 1,000). Deposit $ 2000+ to upgrade to a VIP Account.
- The minimum amount required to trade: $1, that’s Kshs 100.
- The maximum amount to trade: $ 2,000 for standard account holders and $ 5,000 for VIP traders
- Successful trade payout: 82 % for standard investors, 90 % for VIP-account holders
- Minimum allowable withdrawal: $ 10 (KES 1000)
- Withdrawal times: Takes 24 hours for standard account holders to a maximum of 3 days, and a few hours for VIP investors
- No withdrawal fees
How to get started
Let me show you the whole process of how he got started;
First, you need an account. And it is free to register, so head over to Olymp Trade official website to register.
This is what you will see;
Alternatively, you can use the sign-up form you see on the right sidebar on this website. But if you are on mobile, I just scroll towards the end of this article and you should a form.
To sign up on Olymp Trade in Kenya, all you need is;
- A valid email address
I made sure to mention ‘valid’ email because after creating an account, you will be required to verify. And you can’t verify something fake, right?
So, open an account here because that’s what we will be using to learn how this guy can make Kshs 10K in a day in Kenya.
Olymp Trade dashboard
Once logged in, this is what you will see;
I know it looks intimidating, but the truth is, this is even simpler compared to other trading platforms out there.
Let me walk you through everything here.
I will subdivide the dashboard into 4 parts to help us understand what is going on here.
1). Trades – shows the active trades (these are trades that are still running), closed, and stock PT. So if you open place a trade or wish to view some of the trades you’ve opened in the past, this is the place to look.
3). These are events currently running on Olymp Trade.
4). Help – this is the place you go to find help. You can talk to the Olymp Trade support team among other things.
5). Settings – this is the place to modify how your dashboard appears including the dark mode you are seeing on my screenshots.
That’s the top bar.
1). This is the current asset you are trading. As you can see mine is EUR/USD currency pair. The 82% you are seeing the amount of profit I make whenever I make a successful prediction. You can change to whatever asset you want by clicking on the EUR/USD and picking any from crypto to commodities to stock.
2). DEMO account balance – you get $10,000 free virtual funds to use in your Olymp Trade demo account. Remember, these are virtual, meaning you cannot withdraw. And when you exhaust them, you can refill them for free.
3). These buttons lead to your personal account.
This is the bottom of the chart.
1). Use this button to change the type of chart. The one you are seeing now is called Area Chart. You can change to Japanese candlesticks, Heikin Ashi, or Bars.
2). This button contains all the indicators. These are the tools you can use to study the chart to make predictions. They assist you to trade.
3). Use this button to add a second view of the same chart.
4). Chart duration – this is the time it takes for one candle to form. You can change that too anytime you want from 15 seconds to 1 month. When you hear someone say, 5-minute chart, this is what they are referring to.
Then the last part, part 4;
This is where you place trades.
Now, to open position = to trade = to buy or sell, so you may hear me use it from here onwards. Just know they mean the same thing.
- This is the amount you are willing to invest in the trade. In Olymp Trade, you can trade from as low as $1.
- Here is where you set the duration of the trade. When trading FTT, you need to specify how long the trade will last from 1-minute to 23 hours.
- Buy button – click this to open a buy position if after analysis you believe the price will go up.
- Sell button – use this button to open a sell position. If after analysis you believe the price will drop, click this button.
Now that is a crash course on the Olymp Trade trading dashboard. We are ready to start trading right away!
How to place your first trade on Olymp Trade in Kenya
To place your first trade on Olymp Trade, follow these steps;
First, change the trading chart to Japanese candlesticks (or whichever you are comfortable with) if you haven’t already.
To do that, see the screenshot below;
Change into the 1-minute chart;
Now we are ready to study the market and make a prediction.
How to read the charts and predict the market
Identify the prevailing trend in the market.
By looking at the current chart, this looks like an uptrend.
So, I am going to open a 1 minute buy position and invest $672.
After one minute, the results are in, and guess what?
I was right, this earned me 82% of invested capital ($672) = $551.04 in profits.
Is that simple or what?
Well, it is not as simple as it appears.
Sometimes you are wrong, sometimes you are right. The only difference between you and my friend making OVER 10K per day in Kenya is that he has mastered the skill of patience and discipline.
- He knows when to quit and stop trading
- He understands how to manage his money
- He works with an income goal and plan. And then he sticks to it!
Best of all?
He only invests what he can afford to lose.
If I want to trade again, I will only invest the earned profits, that is the $551 I made from my last trade. By doing this, I won’t end up blowing my account.
Look at this, in only 3 minutes, I was able to grow my account from 10K to 12K.
Of course, this is a demo account and I am trading risk-free. But the principles cut across. What you learn here is 100% applicable to the live account.
So, if you find this exciting, go ahead and get started by opening a demo account here.
And then keep it here because I will be coming with more strategies to make money on Olymp Trade in Kenya.