Types of Forex Orders

Types of Forex Orders

Types of Forex Orders

Stop Order

An essential technique of risk management is placing an order, such as a stop-loss that will automatically close the trade if the market reaches a certain level. A stop-loss order is an instruction allowing the platform to close its open position once it has reached a specific level set by you. As the name suggests, this will be at a price below the current level of the market and will be triggered into losing trades to help minimize losses.

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