What Is a Stop‑Loss (SL) in Forex and How to Use It
A stop‑loss (often abbreviated SL) is one of the simplest but most important tools a forex trader has to control risk. At its core a stop‑loss…
What is Take‑Profit (TP) in Forex?
A take‑profit (TP) order is a simple but powerful tool traders use to lock in gains. At its core, a TP is an instruction to your broker or…
Pending Orders in Forex: What They Are and How to Use Them
Pending orders are instructions you give to your broker or trading platform to open or close a position when the market reaches a price you…
What a Sell Stop Order Means in Forex
The basic idea A sell stop order is a type of pending order you place with your broker to sell a currency pair once its price falls to a level…
What is a Buy Stop in Forex?
A buy stop is a type of pending order you use when you want to open a long (buy) position only after price moves above a level you specify.…
What a Sell Limit Order Means in Forex
A sell limit order is a common tool in a forex trader’s toolbox. It lets you set an automatic instruction with your broker to open a short…
What a Buy Limit Order Is — and How Traders Use It in Forex
A Buy Limit order is one of the simplest but most useful tools a forex trader can use to control the price at which they enter a long…
Stop Orders in Forex: What They Are and How to Use Them
What a stop order is — the basic idea A stop order is a directive you give to your broker or trading platform that takes effect only when…
What is a Limit Order in Forex?
A limit order is a basic but powerful tool traders use to control the price at which they enter or exit a forex position. Instead of buying or…
What Is a Market Order in Forex?
A market order is the simplest instruction you can send through a forex platform: it tells your broker to buy or sell a currency pair…