The foreign exchange options at Olymp Trade
First, I want to tell you what the FX options are. Well, they are the contracts thanks to which you can exchange currencies at a current exchange rate at a certain time in the future.
We distinguish two types of FX options. The first one is the call option (up). This one allows you to buy an asset. The second one is called the put option (down) and allows you to sell a given instrument.
Trading the FX options on the Olymp Trade platform
To trade the FX options you will have to follow just a few steps. You need to specify the time of the FX option expiry. After that time the transaction finishes.
Then, you have to decide on the amount you would like to invest in a single trade.
Last but not least, you must click one of two buttons. One is green and signifies a call option, the other one is red and describes a put option.
Selling an option before expiry
Olymp Trade offers the possibility of selling an option before the end of the expiry time. There are two ways of doing it. You can click the opened transaction marker on the chart or the button “Sell now” which you will find on the right side of the platform in the trades field.
You must be, however, aware of the fact that you will lose some money selling an option beforehand. You have to analyse the market carefully and decide is it better to wait a little more or sell instantly and lose less than at the end of the transaction.
Enjoy the trading!
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