Olymp Trade shares what 2020 has taught traders, so far

Olymp Trade shares what 2020 has taught traders, so far
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Updated 16 November 2020

Olymp Trade shares what 2020 has taught traders, so far

Olymp Trade shares what 2020 has taught traders, so far

As the world continues to change in these increasingly turbulent times and as the global economy continues to surprise even professional traders, one thing we know for sure: Profiting from investments requires knowledge and a desire to continue learning. 

There were signs that the markets would drop back in the spring of 2020. The fundamental analysis that tipped off experienced traders was in the news. The increasing awareness of a global pandemic and emerging lockdowns were sure signs something big was coming. 

As assets have risen back to their early 2020 highs, economies have not wholly recovered from lockdowns and layoffs. What the future holds is yet to be seen, but there are some lessons traders have learned from this roller coaster of a year.

Where you trade matters

A crucial part of any trader’s experience is the platform with which they interact, learn and trade. Staying up-to-date on the latest market developments and understanding how they will likely impact assets is important for any trader and some platforms make it easier than others. 

Choosing the right broker and platform affects all aspects of a trader’s experience. Working with a stable reputable broker that is transparent is a must. Uncertainty has become a global constant and trusting your broker should never be a question. Brokers like Olymp Trade have maintained an open discussion with their trading communities to reassure users that their best interest will always be the platform’s chief concern.

Finding the right tools

Most traders rely heavily on technical analysis, and the indicators and oscillators. However, in unprecedented times, fundamental analysis is the best way to monitor the major drivers of an asset or market.

Economic calendars are a commonly used tool by traders around the globe to assist with fundamental analysis. They help in scouring the list of upcoming events and trying to discern which will influence what. 

Platforms like Olymp Trade provide Insights, a tool created to help traders be aware of and prepare for the most impactful events on the horizon. These tools are game-changers for traders, as they have to spend less time on analysis and can be better prepared to take advantage of coming fluctuations well ahead of time.

The benefits of money management

While trading, there are many concepts and strategies to keep in mind, and money management is a very important one. This strategy helps traders profit while keeping their risk calculated. They should know how to determine the right amount to trade, when to stop trading for the day, and how to maximize profits and minimize risks.

These tactics have helped traders preserve their account balances through the peaks and valleys of this year. With the guidance of a money management strategy, traders are able to keep themselves from losing too much money at once, prolonging a cold streak, and being overcome by negative psychology.

Assets to watch in a crisis

There are three main assets every trader should focus on when trading during uncertain times:

1. Gold

If this precious metal begins to climb, it is likely that stocks, major indices, and some currencies (Dow Jones, S&P 500, etc.) will begin to decline. The converse is also true in that declining gold values are a good indication of positive movements in stocks and major indices. Both scenarios will generate good opportunities for traders to open profitable positions early before trends take a solid hold.

2. Brent oil

Brent oil is the biggest and most commonly traded crude oil commodity in the world. Though there are numerous crude oil assets, Brent is the global benchmark for the price of oil. 

Large movements in Brent will affect several assets and get a jumpstart on positions in USD/RUB, EUR/RUB, USD/CAD, and stocks related to oil production.

3. S&P 500

Indices around the world like the Dow Jones, Nikkei 225 and Hang Seng offer highly regarded insights into the general health of the global economy. The S&P 500 index comprises the best mix of US stocks that will demonstrate investor confidence. 

Drastic movement by the S&P will give traders a good indication of investor confidence. Traders will be able to profit from any developing trend in the index; its movement — up or down — will give a clear signal for other assets such as USD, stocks, real estate, and oil on the positive side.

Learning never ends

Experienced traders know education is a lifelong pursuit. Warren Buffet even said he is a lifelong learner, and this should be every trader’s mentality. There are new educational tools created almost daily, yet they are not all created equal. 

Platforms like Olymp Trade offer their own educational suite of webinars and a fully functional free demo account. Traders can learn and practice in a controlled environment. They can learn new strategies, practice using new tools, and gain experience without risking a cent.

Move forward and trade with confidence

To capitalize on the fluctuations of a global market in the throes of a pandemic, traders must monitor a number of things to stay ahead of the trends. Breaking news and economic indicators such as employment and GDP numbers will affect gold, oil and the S&P 500. 

Take the time to prepare yourself to profit from the next big market fluctuations. Change your life for the better, by continuing to hone new skills. The necessary tools are available. With the right broker, tools, strategies, and assets, any trader can succeed. Find your winning combination and be set for the rest of 2020 and beyond. Olymp Trade works to make sure its users are well prepared for the road ahead.

‘KAUST Challenge’ seeks tech ideas for Hajj & Umrah

Updated 03 December 2020

‘KAUST Challenge’ seeks tech ideas for Hajj & Umrah

‘KAUST Challenge’ seeks tech ideas for Hajj & Umrah

King Abdullah University of Science and Technology (KAUST) has launched a new campaign to catalyze research, innovation, economic development and social prosperity in Saudi Arabia through new crowdsourcing initiatives that challenge local and international talents to identify ideas and solutions that advance the Kingdom’s national priorities and support Vision 2030. With the “KAUST Challenge,” the university is seeking to develop and support bold science, technology, and engineering initiatives that aim to transform the lives of Saudis and develop Saudi talents.

“We wish to draw on the participative power of crowdsourcing to solve problems faced in the Kingdom and the world with the KAUST Challenge,” said Najah Ashry, vice president for strategic national advancement at KAUST. “The speed, flexibility and scalability of crowdsourcing will bring us new science-based ideas and solutions that can be further developed through deep collaboration with players in the Kingdom’s research-development-innovation ecosystem.”

The focus of the inaugural 2020 edition of the KAUST Challenge is on improving the Hajj and Umrah experience for pilgrims from all over the world and on advancing efforts to make Makkah a smart city. The KAUST Challenge will play an active role in advancing one of the Kingdom’s national priorities of better serving the increasing number of Hajj and Umrah pilgrims and improving their experiences in the two holy cities. It will identify and support science- and technology-based ideas and solutions that can move quickly into the market for SR1 million ($266,000) in cash and other prizes. The challenge spans three themes: Healthcare, to increase preventative measures to ensure health and well-being for all pilgrims, a concern augmented by the ongoing COVID-19 pandemic; mobility to ensure adequate availability and access to public and private transportation; and crowd management, to enhance infrastructure to meet capacity requirements for large crowds.

To gather valuable inputs from this challenge, KAUST is targeting a wide group of national and international participants to submit their ideas and solutions, including startups (growth stage startups or scaleups with solutions proven by the market), innovators (seed startups and IP-holders with ideas or solutions yet to be fully market tasted), and general public (students, academics, entrepreneurs and individuals in society).

“Advances in high technology can assist in solving the challenges that Hajj and Umrah pilgrims face. We know that people here in Saudi Arabia and across the world have great solutions to contribute,” said Ashry. “We are excited to receive their submissions and to offer our neighbors in Makkah creative and unique ideas that we hope will serve all pilgrims.

Submission to the KAUST Challenge is now open and will run until Jan. 5, 2021 with a virtual final event that will take place on an immersive platform at the end of February 2021, where the three best ideas, one for each theme, will be selected by a panel of qualified judges and one grand prize will be awarded.