How do you start trading on Forex?

Forex is an international trading platform on which trades on the purchase and sale of currencies are made. It is assumed that this market is the largest both in volume and number of transactions.

A Forex trader must predict how the price of the asset they selected will change. Profit will depend not only on the amount they invest in a trade, but also in how far the price rises or falls.

Trading terms

The advantage of trading on the Olymp Trade Forex platform is that nothing limits the amount of profit on a trade, and the maximum loss cannot exceed the amount invested.

For example, an investment of $100 in the rise in the EUR/USD pair in early 2017 could have produced a profit of $1,200 in just 6 months.

This result can be achieved in a shorter time by making more trades on different currency pairs.

The minimum trade is just 100 rubles/$1/€1/R$5. The trader knows the size of the commission for opening a trade before executing it.

How do you trade?

1
Select a currency pair in the menu under the chart.

Select a currency pair in the menu under the chart.

2
Indicate the trade amount

Indicate the trade amount

3
Analyze the asset price chart and select a direction. An up trade makes a profit if the asset's price increases; a down trade will be profitable if the price decreases.

Analyze the asset price chart and select a direction. An up trade makes a profit if the asset's price increases; a down trade will be profitable if the price decreases.

4
If you want a trade to close automatically at a certain profit, enter a Take Profit parameter.

If you want a trade to close automatically at a certain profit, enter a Take Profit parameter.

5
You can limit the maximum loss and automatically close a trade by indicating the Stop Loss parameter you want.

You can limit the maximum loss and automatically close a trade by indicating the Stop Loss parameter you want.

6
You can close a trade with the current result at any time.

You can close a trade with the current result at any time.

Why is it worth trading on the Olymp Trade Forex platform?

First, there many currency pairs and other assets with regular trends available for trading. Traders also make money on the trends.

Second, you can select the optimum trading strategy even for small deposits.

Third, take profit and stop loss services help derive the maximum gain for small costs.

Fourth, Forex is appropriate for traders who prefer making many trades within a trading session and for those who like to close long-term trades.