Olymp Trade has recently launched a Forex trading solution that seeks to demonstrate how to gain from currency fluctuation through its system in a very accessible way. But before we go into details on how this innovative product works, we will first explain briefly how the Forex market system operates.

Forex market mechanics

On the Forex market, you make your profit through the difference between the opening and closing prices of your trade. For example, if you picked a popular currency pair like the Euro or United States Dollar based on your news observation of favorable economic conditions in the European Union, your underlying logic would be that the value of the Euro would increase over US Dollar and thereby you decide to buy Euros and sell your Dollars.

While trading, you have to keep abreast with the European Union market’s emerging trends and if you predicted the increasing value of the Euro accurately you would conclude the trading cycle by selling the Euro back to the market at a higher price.

Basically, Forex trading is pretty flexible. For instance, nothing sets a limits to your transactions; you might hold an open position for as long as you want to profit from the economic trend. You may even want to keep your position open over a weekend, although this could be a bit risky, as the economic trend might make a U-turn all of a sudden. Anyway – the choice is yours. And this type of trading is just as open-ended when it comes to profits and risks, which we will discuss in our next section.

Profits are unlimited, risks are manageable

Indeed, the profit you may receive per deal is not set in stone. You just need to choose a particular asset and watch how price movements influence your trading balance. Price movement is just a small fractional unit by which prices fluctuate, but if you multiply it by the volume of your trade and the leverage you get from your broker, the price movement factor might make a skyrocketing difference.

On the Olymp Trade Forex platform, we achieve leverage through a simplified “Multiplier” function, with a maximum multiplier of 200, which means you can automatically increase profits up to 200 times if you utilize the function skillfully.

You can also fix your profit at a certain preset level using the system’s “Take-Profit” function. Specify the profit that suits you, and the system is programmed to close the deal as soon as you have reached the amount. The “Stop-Loss” order, meanwhile, arranges the same logic for possible losses. With this kind of automatic risk management, you can even stay away from the monitor if you wish.

It is important to note, however, that your losses will never exceed your deposited funds whatever the outcome of trading. The Olymp Trade platform also has a preventive mechanism that will stop trading automatically if the users’ margin plunges to a dangerous level.

Select a trustworthy online platform for safe Forex trading

A Forex trader’s key to success is quite obvious. First, they have to dedicate their time and energy to constantly learning about the system to sharpen their abilities in making profitable decisions. Second, they also have to choose the most reliable Forex trading platform available on the market.

Speaking of reliability, Olymp Trade is an investment platform that has been certified by the International Financial Commission. It has focused its business in option trading since 2014 before presenting its innovative Forex product to the public.

Since then, the company has always been trusted for providing its clients affordable access to financial markets, as well as an ergonomic approach to trading platform design. Thanks to these accomplishments, the company has received high acclaim from industry forums like Le Fonti, KROUFR, Show FX World, Forex Expo and others.

Olymp Trade Forex platform benefits

Olymp Trade has designed a powerful online investment solution, which is perfectly adapted for every Forex trader’s needs. With over 16.5 million users currently registered on the platform, the company has the authority and expertise in simplifying trade while ensuring transparency for everyone. Above all, Olymp Trade remains true to its principle of affordability: to start trading Forex, you are only required to a deposit as low as US$10 or €10.

The great “Multiplier” function is aimed at maximizing your earning potential and the platform operates without any spread – the notorious hidden cost of the Forex market in general.

Client education has always been among Olymp Trade’s top priorities. The company offers an extensive knowledge pack about the basics of trading, as well as its more in-depth aspects. The company educates the public through articles and interactive online tutorials like educational videos on how to use various features of the platform, indicators, strategies and many more. The company also runs a constantly updated collection of webinars to help people understand Forex trading better.

The company’s social media channels on Facebook and YouTube provide extra learning content and an opportunity to converse and share experiences online with other traders from over 20 countries.

In addition to all that, the company makes it easy for users to deposit or withdraw from the account through a variety of payment tools like Visa, Mastercard, Neteller, Skrill and others. The company also dedicates a 24/7 technical support hotline, with operators speaking in eight languages, including Indonesian.

Trade Forex with an award-winning Olymp Trade platform and turn fluctuations of world currencies into your personal benefit!

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