To begin with, Forex is an international trading platform where currency sales and trades on the purchase are made. Moreover, it is presumed that this market has the largest number and volume of transactions. Basically, when trading on OlympTrade Forex, you will need to predict the price change of a specific asset. Your profit will be calculated not only from the invested amount, but also from how High or Low the price will go.
Above all, OlympTrade Forex platform has the main advantage, which will help you to increase your earnings. There are no limitations of profit amount on a trade, when the upper limit of a loss is the invested amount. Let’s see how it works on a simple example:
You have invested $100 in the rise of EUR/USD currency pair in 2017. As a result, you would have made $1,200 of clear profit in just 6 month. Imagine what would have been if the invested amount was from $1,000 to $10,000!
You may think that half a year is too long. However, by increasing the amount of trades on various currency pairs will give you the same results in a shorter time.
The great thing is that the minimum trade amount equals to €1/$1/R$5 or 100 rubles. Remember that you need to know the size of the commission on a trade before execution.
How to Trade on OlympTrade Forex?
Firstly, there is nothing hard in trading Forex on olymptrade platform. However, if you already have experience in trading Fixed Time Trades it will be much easier for you to start. The following 6 steps will bring you up to date:
- Under the chart there is a menu, where you will need to select a currency pair.
- Specify the amount of trade.
- Make a forecast by analyzing the asset price chart.
- Indicate a Take Profit parameter, if you want a certain profit. Then, a trade will be closed automatically. Press on the “Order” button to open this menu.
- The Stop Loss parameter will help you to set the limit for maximum loss. What is more, it will also help you to close the trade.
- The great thing is, that trade with the current result can be closed at any time.
Why should I Invest in OlympTrade Forex Platform?
At first, there are lots of currency pairs available for trading on olymp trade. Moreover, traders also making profit on the trends which you can find on this broker as well.
Secondly, you will be able to select the most advantageous strategy for trading. It will work even with small deposits.
Thirdly, such functions as: Take profit and Stop loss will help you to gain more from trading with small costs.
Fourthly, Trading on OlympTrade Forex is suitable for those who make lots of trades per trading session and respects long-term trades.