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How to place stop loss orders in intraday trading with examples. Approaches (different strategies) to Placing Stop Orders, their pros and cons. Which of these approaches is the most effective? How to determine where to put yuor stop loss order.
In order to set stop-loss and take-profit, one may follow the steps: Choose the desired instrument for trading (Forex, Crypto, etc.) Set the desired investment amount and multiplier and click on the “Auto Close” button Set the take profit (“When profit is…”) and the stop loss (...
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2. Take-profit & Stop-loss will be triggered only once. They are considered successfully triggered even if the position is partially closed. After a partial close, the previous settings will not apply to the remaining position. You will need to set new stop prices for the rest of the...
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Now, selectTradenext to the token you want to set a stop-loss order for and select one of the pairs. Then, select theStop-limitoption below the chart. On a simple stop-loss order, there are three components: Stop price. The stop price should be a bit higher than the price you want...