Stop Loss/Take Profit

Setting Trade Limits:

Stop Loss allows you to set a specific lower price limit to your trade in order to help you minimize losses in case the market moves in ways opposite of those you expected.

For example, if you traded the EUR against the USD for an amount of $25 at a rate of 1.4430, you could limit your maximum potential loss by setting a Stop Loss at $12.5. This means that if you were dead wrong and the EUR/USD drops to 1.4418 instead of going up, our trading platform would automatically close your trade at 1.4418 and try not to let you lose more than 12.5$ .

Stop Loss is useful if you don't want to sit in front of your monitor all day worried that you will lose your entire trade amount (per trade of course). You can simply set a Stop Loss before opening a trade in order to determine how much you are willing to lose.

Take Profit allows you to set a specific upper limit price that when reached will trigger your trade to be closed automatically.

For example, if you traded the EUR against the USD for an amount of $25 at a rate of 1.4430, you could limit your maximum potential profit by setting a Take Profit at $50. This means that if your trade was a success and the EUR/USD climbed to 1.4480, our trading platform would automatically close your trade at 1.4480 and you have gained a profit of $50.