What is olymp forex login?
Forex is also known as FX, which refers to foreign currency. It is a place for trading different currencies from all over the world. It is the largest financial market in the world.
Trading forex or participating in the forex market means that you have become a trader. You are looking for profit based on fluctuations in exchange rates over a certain period of time.
For example: Currently the exchange rate EUR/USD is 1.11474. You predict that the upcoming exchange rate will increase due to a technical analysis schedule or the internal value of the respective currencies. You will actively open a buy order here. When the price rises correctly, as expected, you begin to make a profit. The higher the price, the higher the profit until you close the trade. Conversely, if the price falls, you will lose. Either you will reduce your losses at the level set by you in advance, or the money will continue to decrease until you run out of money that you have opened.
In fact, the way you trade Forex on Olymp Trade is similar to trading derivatives on the stock market Dowjone.