Stop-loss is an order that you, as a trader, send to your Forex broker to limit your losses to a particular open position. The Take-profit works the same way, allowing you to lock the profit when a certain price level is reached. SL / TP is therefore used to exit the market. Preferably, in the right way and at the right time. If the price declines and hits your stop loss, you will make a loss; if the price ascends to hit your take profit, you will make a profit. Conversely, a stop loss can be attached to a sell ( short ) trade, in which case it is placed above the entry price and automatically closes (liquidates) the trade with a buy action if the price level of the Stop-loss and take-profit (SL/TP) management is one of the most essential principles of Forex. Mastering of this concept and mechanics is crucial for FX trading. Stop-loss is an order that you send to your Forex broker to close the position automatically. The management of Stop-Loss and Take-Profit (SL / TP) is one of the most important concepts of Forex. A profound understanding of the underlying principles and mechanisms is essential for professional FX trading. Stop-loss is an order that you, as a trader, send to your Forex broker to limit your losses to a particular open position. The Take IQ Option is one of the fastest growing online trading brands in the world. We were chosen as the best mobile trading platform, and we have now expanded our offerings to include CFDs on stocks and ETFs, Forex trading and the exclusive IQ Option product called Digital Options. IQ Option was first established in 2013, has grown enormously and now has over 40 million members. The profit talks for itself! Tested With : FXOPEN BROKER. If you are using this Forex robot on any other forex broker, then you may have to find your own settings, because provided settings not working with all brokers. Tested on Speed Forex VPS It’s highly recommended for 24/5 automated trading! Account type: STP Deposit: $500 Leverage: 1:500 Press Release: September 04, 2017. Stopping losses, fixing profits. IQoption (Review/Website) added new features – “TakeProfit” and “StopLoss” are available on IQ Option platform “Our traders were asking for this, and our team strived to deliver! Welcome the new features on our platform – take profit (TP) and stop loss(SL) on Forex and Crypto assets. With features like Stop Loss/Take Profit, Negative balance protection and Trailing Stop you can manage your losses and profits at the levels predetermined by you. Trading Community Join massive IQ community, discuss trading ideas and opportunities, or simply follow other traders with features like Traders' Sentiment and Community Live Deals Take-profit and Stop-loss on the IQ Option platform! As many have already noticed IQ Option has added Forex to its collection of trading tools. The approach of this event was truly innovative and engaging, and therefore, as a consequence we are happy to introduce you a trading benefits of Take-profit and Stop-loss orders (SL/TP). – In normal FOREX broker, we choose STOP LOSS and TAKE PROFIT (maximum values of losses or gains) in terms of a fixed price where the asset can go. This means that both as a percentage or as an absolute value of gain or loss, we can not know exactly how much we can win or lose. – At FOREX brokers we may lose the entire account in one trade.
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