Forex for Beginners Answering all your questions about Forex! How to set stop loss and set take profit when buying forex training course in india in Forex?
From the technical point of view, it depends on the trading platform you use. As an example, let’s review the basic order setting steps at the one the most popular trading platforms – METATRADER4. On the price chart – mouse Right Click. You will have a new window with order specifications.
Stop loss – you need to put the price you want to be stopped at in case a trade goes against you. Take profit – your profit goal. Type – leave it as Instant execution. Then you have two buttons: Buy and Sell. You have a new trade open. You will be able to see it on your chart and also you can check menu ‘Trade’, located below your chart.