How to stop loss and take profit in forex
Setting the take profit level closer to the open price half-way in the trade. Moving a stop loss to break-even too quickly. Close the position too early, never allowing the take profit to get hit. Not seeing the market reverse and losing unrealised profits. The marshmallow effect Learn How to Use Stop Loss and Take Profit Stop-loss and take-profit (SL/TP) management is one of the most important concepts of Forex. Deep understanding of the underlying principles and mechanics is essential to professional FX trading. Stop-loss is an order that you send to your Forex broker to close the position automatically. Take-profit works in much the same way, letting you lock