Your personal account is the hub for managing your account funding and a valuable risk management tool.

By keeping your money safe in your account, you limit your risk. You can invest as much as you are willing to risk while keeping the rest of your funds in your account.

Open the Economic Calendar and locate news events marked with two or three exclamation marks. These events will be displayed in the rightmost column, indicating the publication time, the name of the indicator, its description, the previous value, and the predicted value

Around 15 minutes before the actual indicator value is released on the calendar, it’s possible to witness significant and unpredictable price movements on the currency pair chart.

For novice traders, paying attention to the variance between the actual value and the forecast can serve as a valuable starting point for comprehending market behavior during data releases.

Stop Loss (SL) is an order designed to protect you from excessive losses and manage trade risks. It sets a predefined price level, and if the market price moves against your position and reaches the Stop Loss level, the order is automatically triggered, closing the position.

Take Profit (TP) is an order set to secure your profits once the price reaches a predetermined level, closing the position automatically.

When setting these orders, follow these guidelines:

• For a long position, place the Take Profit above the current market price.
• For a sell position, place the Take Profit below the current market price. Typically, the Take Profit level is set at twice the distance from the opening price compared to the Stop Loss.

It’s important to understand that while Stop Loss and Take Profit orders are useful for risk management, they don’t guarantee execution at the exact price. In cases of rapid market movement, prices may bypass the set levels. However, you can always manually close a trade by clicking the Close button.

Once a position is closed, the net profit or loss will be immediately reflected in your trading account balance.

Important Reminder: Stop Loss and Take Profit do not guarantee execution at the set price. If the market moves quickly, the price may slip past your set level. You can always manually close the position anytime by clicking the Close button or wait for your SL or TP to be triggered.

How to Set:

• For a long position, place the Take Profit above the current price.
• For a sell position, place the Take Profit below the current price. Typically, the Take Profit is set twice as far from the opening price level as the Stop Loss.

Once the position is closed, your net profit or loss will be instantly reflected in your trading account balance.

Stop Out is a forced automatic closing of all trader’s positions if the balance of his trading account falls below the level of protection against margin closing. The behavior of asset prices is difficult to predict, so it is not recommended to leave open positions on Saturday and Sunday. Unless you want to face an unpredictable Stop Out.