Trading-Made-Simple | Stop Loss and Take Profit
Welcome to our Trading-Made-Simple video series, where you can learn a little more about the trading world in less than 5 minutes.
A “Stop Loss” is an order placed to limit potential losses by automatically selling a currency pair if the price falls lower than expected. Meanwhile, a “Take Profit” is an order placed to lock in potential profits by automatically selling the pair if the price rises to a certain level. These are two key tools used by traders to manage risks.
In this video, we will be covering:
0:00 Introduction
0:27 What is a Stop Loss Order?
1:40 What is a Take Profit Order?
2:24 How to Set Stop Loss or Take Profit Orders in MetaTrader 4.
Want to know more videos like this? Stay tuned to our next video next week.
Don’t forget to subscribe to our YouTube Channel too: / @wetradeglobal
Follow us on our other social media platforms to get recent updates & promotions:
Facebook: / global.wetrade
Instagram: / wetrade.global
LinkedIn: / posts
Explore our exceptional trading conditions & products on our website: https://bit.ly/40cGrXX
#stoploss #takeprofit #wetradeglobal #trading
.
.
.
.
.
Trading involves risk. Past performance is not indicative of future results. Trade with caution.