I have been trading with olymp trade for a solid amount of time, can't state for sure what time exactly, but I know that I almost had no issues with this broker.
I am not so experienced at trading, and honestly, when I started trading with olymp trade it was almost my first experience. I had an experience before but it wasn't serious trading.
Still, I have some questions, and want olymp trade's representatives to clarify me one thing.
I opened a position and held it for several days. I found out that I was charged with money, I started to lose them, what is it? Was this information helpful? |
Thank you for choosing Olymp Trade as your trading platform. We are glad that you started to trade with us.
Regarding your question, as far as we understand that you open a position in the Forex trading mode. As you may know, a Forex trader needs to predict how the price of a selected asset will increase or decrease.
In the case of the right prediction, the profit on the trade depends not only on the invested amount but also on how much the price of the asset rises or falls. In case of the wrong prediction, there would be a Stop Out. A Stop Out is when it is automatically closing a losing trade, thereby protecting the trader's balance from a negative value. The Stop Out level shows the amount of investment that shouldn't be in the loss from the deal to remain active and not automatically closed.
Hope this clarifies your understanding. If you have any questions, please feel free to contact our Customer Service.
Best regards, Olymp Trade team.