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January 24, 2018

Question:Why should I place a Stop Loss (S/L) and Take Profit (T/P)?

Answer:

Traders residing in Austria, Bahrain, Denmark, Finland, France, Germany, Hong Kong, Ireland, Italy, Kuwait, Malaysia, Netherlands, New Zealand, Norway, Oman, Portugal, Qatar, Saudi Arabia, Singapore, Spain, Sweden, Switzerland, United Arab Emirates, United Kingdom can use Trade360's service.

Setting a Stop Loss protects you in case your open positions abruptly turn around and go against you.

As markets tend to be volatile, it is recommended always to set a Stop Loss when you open a new position.

Take Profit closes the position when it reaches a preset profit point.

Take Profit also helps in protecting a profitable position in case of a sudden turnaround.

Take Profit is particularly useful in case you are not in front of your computer when it is time to close the position.

To support traders for their investment, Trade360 offer trading ideas via the CrowdTrading Live Feed and by SMS text alerts.

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