To close the position, you can double click on line order
in a Terminal window (Trade). Or right click and select Close
Order. A dialog box will appear. Click the Close button.
The above steps are to close positions manually.
The position also automatically closed, if achieved some
condition:
1. you hit by a margin call. A description of the
a margin call can seen on the previous page.
2. Before you've set levels Take
Profit or Stop Loss. When the price has reached
This level, the position is automatically closed. So You
no need to bother waiting any price movement
The time.
The level of Take Profit (often called Exit or Target Price) is
the price is set a level to get the level
certain profit when prices touched on this point, a position will
closed automatically. For example, you buy a GBP/JPY at
148.12 level, and then you set the Exit Target in 149.12. When
the price touched the level 149.12 then your position will be closed
automatically.
Stop Loss level (often called level Cut Loss) is a
price levels set for reducing the potential loss
larger. When prices touched on this point, a position will
closed automatically. Example you buy a GBP/JPY at
148.12 level, because you are only able to loss 100 pips, then You
set a Stop Loss at 147.12. The position will be automatically closed,
when price touches the level 147.12.
Please note that how large Stop Loss level
or Take Profit can set strongly depends on the 
policy broker. Misalnva there are brokers that limit that
Stop Loss and Take Profit should be a minimum of 10 pips from
market price.
You can set the level Take Proflt and Stop Loss on
When opening a position.
If successful, set the Stop Loss and Take Profit, then
the changes will be visible in a Terminal window (Trade).
No comments:
Post a Comment