Resolved Question
How can i apply stop lost order
someone should pls put me through,how i how to apply stop loss and take profit order.thanks
over 2 years ago
Best Answer - Chosen by Voters
If you are using a US-based broker, you can't explicitly input a stop loss order. What you can do is set an opposite limit order for your trade. For instance, you bought EUR/USD 200,000 units at 1.4000. You wish to cut losses if price hits 1.3950. What you do is put a sell order at 1.3950 for 200,000 units. For taking profits, you do the same. If you wish, for instance, to take profit at 1.4100, set a sell order at that price level for 200,000 units.
over 2 years ago
Answers (1)
Some other online forex brokers, however, allow you to input stop and profits limits. You can simply enter your desired stops when executing a trade. On an open trade or order, just double-click on the item and a pop-up window will show where you can input your targets.
over 2 years ago
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