Arguably, the stop loss and take profit orders are the two most important order types for foreign exchange traders. The two orders are essentially orders on top of another order. The stop loss allows you to determine at what price you want to cut your losing trades and the take profit allows you to enter [...]
Now that we know what goes into a trade, we need to also know how to enter the trade to a broker. There are two main types of orders to buy currency, the first of which is a market order, the second is a limit order. Market Orders A market order is an order at [...]
Margin: Margin is the amount of money needed to open or maintain a position. In essence it is a loan from a broker to an investor. The amount of margin required is dependent on the leverage used. Greater leverage, margin required will be smaller. Leverage: Margin and Leverage are related terms. Leverage is the ability [...]
