3 BASIC THINGS THAT YOU MUST KNOW BEFORE FOLLOWING SIGNALS
💎STOP LOSS (SL)
Stop-loss (SL) is a price limit entered by a trader. When the price limit is reached the open position will close to prevent further losses. It’s designed to let your broker know how much you are willing to risk with your trade.
💎TAKE PROFIT (TP)
Take profit (TP) is pretty much the exact opposite of stop loss (SL). It automatically closes a position once a profit target is reached to lock in profits.
💎BREAKEVEN (BE)
Breakeven is an element that generates the condition when the price returns to the lentry level of an order, after achieving a target of pips in the direction of the market. When order is running profit, modify SL to entry point to secure profits and minimize loss.
SOLOKO TRADING EA ACADEMY 🙌
💎STOP LOSS (SL)
Stop-loss (SL) is a price limit entered by a trader. When the price limit is reached the open position will close to prevent further losses. It’s designed to let your broker know how much you are willing to risk with your trade.
💎TAKE PROFIT (TP)
Take profit (TP) is pretty much the exact opposite of stop loss (SL). It automatically closes a position once a profit target is reached to lock in profits.
💎BREAKEVEN (BE)
Breakeven is an element that generates the condition when the price returns to the lentry level of an order, after achieving a target of pips in the direction of the market. When order is running profit, modify SL to entry point to secure profits and minimize loss.
SOLOKO TRADING EA ACADEMY 🙌