You might at some stage find yourself in a position that you have an excellent trading idea, but don’t have enough funds to implement it. It can be very frustrating to see clearly see how a situation in the cryptocurrency market is going to develop, but being prevented from making a profit.
In this article, we’ll show how you realize your most brilliant trading ideas, even if you don’t have enough money to invest.
Motivation is Key
It is critical to stay motivated while trading and nothing motivates an investor more than making money. Making a few of dollars per day is however not likely to give you enough energy. You should therefore use our special financial tool, the multiplier, which will allow you to multiply your returns by up to 10 times.
You have for example analyzed the charts correctly, and the bitcoin price has increased from $6 000 to $6 500. If you had invested $10, your profit would be 83 cents minus the commission. If you invested $100, it would bring you $8.3 in profit. You can however do better.
Make Bigger Profits
Traders on the Olymp Trade platform can multiply their crypto asset investments by up to 10 times, using their own funds as security for the trade. Even if you only have $100, you can open a position for $500 or $1 000.
Our previous example traded bitcoin with $100, but using a x10 multiplier would means that the profit won’t be $8.3, but $83, as it would be calculated as if you had invested $1 000.
If the market however goes against you, your losses would also be multiplied and this could result in you losing more than what you invested. Risk management rules should therefore always be strictly adhered to when doing this type of trading.
When a multiplier is used, the amount of the investment position increases. The table below shows the multipliers that can be used for different crypto assets on our platform:
| Asset | Multiplier |
| Bitcoin | х5, х10 |
| Ethereum | х5, х10 |
| Monero | x5, x10 |
| Ripple, Bitcoin cash, Litecoin, Ethereum classic, Zcash, Dash, Bitcoin cash | x5 |
| LTC/BTC, ETH/BTC | x5 |
Adding Multipliers
To use this service, go to your profile and select the multiplier option as shown in the image below.
Using Multipliers
After multipliers have been added to your profile, the desired multiplication factor can be set in the trade menu. There are for example two options when trading Monero as shown in the image below: x5 and x10. If x10 is selected and $100 is invested, the total transaction value will be $1 000.
After a position has been opened, the “Trades” bar will show the multiplier that was used.
If you are ready to dive into trading cryptocurrencies in a big way, it’s time to activate the multipliers!