June 22, 2024

Tag: forex order

Slippage: How to avoid it in the FX trading?

Trader thinking about slippage

Let’s define slippage Slippage is the difference between the expected price and the executed price. It usually occurs when a trader places an order under the following circumstances: there is high volatility or there is a high-volume of orders to be executed.

Take-Profit Order: Forex Orders for beginners

LQDFX news: Take-Profit Order: Forex Orders for beginners

“Take-profit” or T/P order closes your trade when it reaches a predetermined monetary amount (profit) to exit the transaction. All the trader has to do is to place a take-profit order at an exchange rate higher than the purchase rate. Let’s try to define whether there is some key level that would make a logical take-profit point.