#شرح for beginners in #التداول
One: Do you know what a stop loss is?
A stop loss is a sell or buy order you set at a specific price to limit your losses if the market moves against your expectations.
Example: You bought a currency at a price of 5 dollars and want to limit your losses if the price drops.
You can set a stop loss order at 4 dollars.
If the price drops to this level, the currency will be sold automatically.
Two: Do you know what taking profits is?
Taking profits is a sell or buy order you set at a specific price to secure your profits if the market moves in the expected direction.
Example: You bought a currency at a price of 5 dollars and expect it to reach 7 dollars. You can set a take profit order at 7 dollars to sell the currency automatically at this price.