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.