Stop-loss order cuts off your transaction at an exchange rate set in advance when the market moves against the trade.
Take-profit order closes your trade when a predetermined amount (profit) is reached.
Deposit Currency: EUR
Open Price: 1.1708
Currency Pair: EURUSD
Lot size: 1
Stop loss amount in €: 100
Take profit amount in €: 100
Stop loss at: 1.1720
Take profit at: 1.1696
Calculate the value per pip with accuracy to develop your risk management strategy.
Calculate the minimum balance required (margin) to open a trade.
Convert a currency into another using currency exchange rates.
Manage risk effectively by calculating the optimal position size.
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Risk warning: FX and CFD trading involves a high risk of loss. You should consider whether you can afford to take the risk of losing your money.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.2% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.