Stop-loss and take-profit (SL/TP) management is one of the most essential principles of Forex. Mastering of this concept and mechanics is crucial for FX trading. Stop-loss is an order that you send to your Forex broker to close the position automatically. For example, if you invest $100 in a trade, you can set your stop loss at 10%. This means that if the trade goes against you and your invested amount falls to $90, Iqoption will automatically close the trade. When trading forex, losing trades can eat into your account balance. This means that if you invested $100, your losses can exceed this After that, next trading day we wait for the cost to get through not less than 70 points in the same direction. Now it is time to enter. We adjust stop-loss at a distance of 60 points from the entrance. Next day on 100 points or at 11:30 (GMT) we leave the market. To be safe, adjust a minimum trailing-stop on 50 points . Strategy 5 Profitable wedge Now you know how to work correctly in the Forex market and are ready to choose a strategy. IQ Option website offers Philippine users more convenient trading by providing a wide range of settings. Each chart can be customized, add and remove signals and indicators, make marks, etc. Robotization. The site also offers the option of automated trading. With features like Stop Loss/Take Profit, Negative balance protection and Trailing Stop you can manage your losses and profits at the levels predetermined by you. Trading Community Join massive IQ community, discuss trading ideas and opportunities, or simply follow other traders with features like Traders' Sentiment and Community Live Deals Forex trading strategy is a certain system of rules that must be strictly followed if you want to make money in the Forex market. Actually, the strategy is a trading plan. It allows you to confidently start and close the deals rather than carry out a chaotic activity in the market. A properly chosen strategy allows you to avoid financial risk. Percent stop. Determine the stop-loss position based on the amount of capital you are willing to risk at any specific time. The stop-loss in this case will depend a lot on the total capital and the amount of money invested. Remember that experts recommend investing no more than 2% of the trading capital in a single operation. Stop of the chart Forex is short for foreign exchange. The forex market is a place where currencies are traded. It is the largest and most liquid financial market in the world with an average daily turnover of 6.6 trillion U.S. dollars as of 2019. The basis of the forex market is the fluctuations of exchange rates.
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