Stocks - All you need to know!

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✨Stocks mode

Stocks mode is a trading mode where you can trade instruments based on stock market shares. The price of the instrument is based on the price of the selected stock at the time of trading. In this mode, you can make two types of trades: buying and selling. 

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Your profit or loss depends on the change in the stock price from the moment you buy the instrument until the moment you sell it. However, you can only sell assets that you have previously purchased in Stocks mode.

🤔Trading mechanics

🎥This video will help you take the first steps in Stocks trading on Olymp Trade. 

🌟What are the benefits of choosing Stocks Trading Mode?

Having a stocks mode in your trading toolkit is a game-changer! It offers several key benefits that can help you achieve financial success through protection from inflation, savings expansion, and steady progress:

• It provides a safe and low-risk starting point for beginners and those seeking a less stressful experience. 
• The mode boasts a simple interface and mechanics, ensuring a relaxed and enjoyable trading experience. 
• Additionally, there are 0% purchase commissions, except when you profit from a sale. 
• Its suitability for busy individuals is evident, as it allows for long-term trading without the need to monitor the screen constantly.  

💰Minimum Trade Amount for Stocks Mode

 In Stocks mode, you can open a position with the minimum amount determined by the underlying stock's price. We offer a wide selection of stocks from different companies so that you can choose the best one for you!

📝What does it mean to open a position?

A 'position' represents the trade unit within Stocks mode and is associated with a specific stock. The value of each position is equivalent to the current market price of the corresponding stock. Purchasing an instrument is referred to as 'opening a position' on that particular instrument. As long as you hold trading units, the position remains 'open.' However, once you no longer possess trading units, the position is considered 'closed.'   

📈Buying trade

Here's how to place a position in Stocks mode: 

1. Go to the assets menu: https://ul.olymptrade.com/assets.
2. Select your favorite asset from the 'Stocks' tab."
3. Click 'Buy' and check the trading conditions in the trade window, including the current buy price and the purchase fee.
4. Select the number of positions you wish to place.
5. Click 'Buy' at the bottom of the trade window.

Now you have placed a position successfully✅

📉Selling trade

Here's how to sell a Stocks position: 

1. Select the stock you wish to sell from your portfolio: https://ul.olymptrade.com/spt/mytrades.
2. Review the trading conditions in the opened trade window.
3. Click 'Sell' and verify the final conditions: quantity of positions, sale success fee, and net profit.
4. Click the 'Sell' button to complete the transaction. 

Your position is sold✅

❓Profit and loss calculation 

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Calculating the profits or losses of a sell trade is a simple process. Just follow these steps:

• Find the difference in value between the current sell price and the average buy price of units in your position.
• Multiply this difference by the number of trade units you are selling.

The result will be positive or negative, indicating your profit or loss from the sell trade.

💱The Maximum Number of Units to Trade

The number of units you can purchase for buy trades is limited by your available balance. On the other hand, for sell trades, the limit is determined by the number of trade units you already have. It's important to note that the availability of trade units for trading is not dependent on the quantity of underlying stock on the stock exchange. 

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