Any profit you make in Forex mode depends on several factors:
• The difference between the opening and closing prices. The bigger this distance in any given trade, the bigger your profit or loss will be.
• Your trade amount. The bigger the sum of the trade, the bigger profit or loss it will result in.
• The size of the multiplier. The multiplier increases both potential profit and loss.
• The commission for opening the trade. Commissions on Forex are variable and depend on the trade amount, multiplier, asset class and more. You can see the commission fee for a trade when you’re opening it.
• The overnight fee. This is a commission for transferring an open trade to the next day.
You can find more information about Olymptrade’s trading conditions for each asset by pressing the Information icon next to its name in the Asset list, where you’ll find the minimum and maximum trade amount, minimum and maximum multipliers, the commission percentage and more.
You can also make a quick estimate of how much profit you’ll get in the case of certain price moves in Forex mode. In the web version, hover your mouse over the Up button before opening a Buy trade. If you look to the right-side vertical axis of the price chart, you’ll be able to see green percentages reflecting how much your profit would be at different closing prices, while your potential loss percentages are displayed in red. You can also see profit percentages in the same position on the Olymptrade app.
