Our profit and loss calculator will help you find out how much you stand to lose or gain if your stop-loss and/or take-profit levels have been reached. Select your base currency, the currency pair you are trading on, your trade size in lots and account type. Set the opening price and your stop loss and take profit values. Simply select the currency pair you are trading, enter your account currency and your position size. Select whether your trade is long or short and then enter your desired stop loss/take profit levels. Press ‘Calculate’ and the Stop Loss/Take Profit Calculator will work out your potential losses and gains denominated in your account currency. Take-profit and Stop-loss on the IQ Option platform! As many have already noticed IQ Option has added Forex to its collection of trading tools. The approach of this event was truly innovative and engaging, and therefore, as a consequence we are happy to introduce you a trading benefits of Take-profit and Stop-loss orders (SL/TP). Y - X = cents/ticks/pips at risk. If you buy a stock at $10.05 and place a stop-loss at $9.99, then you have six cents at risk, per share that you own. If you short the EUR/USD forex currency pair at 1.1569 and have a stop-loss at 1.1575, you have 6 pips at risk, per lot. To trade forex on margin on the IQ Option platform, follow these steps: 1. Open a new asset and select “Forex”. 2. Enter a trade size by clicking the “Quantity” button. 3. Set optional parameters if you wish: - If you would like to open a position with the expiration time, press the “Expiration” button. - Set the take-profit/stop-loss levels. 5. At the same time, if your guess is right, it is acceptable to move the stop loss in order to lock in gains. There are two conditions: stop-loss may be touched after a certain period of time, or after the trade has moved in your favor significantly. Learn how to calculate stop loss in intraday trading and protect what you have. Stop loss and take profit on IQ Option Take profits work the same way. If your trade is a winner, the trade closes when profits reach 10% that is $110. Trading forex for the first time with real money on the IQ Option platform. After making several successful trades in the demo account, you should be ready to make real money on the real account Once you have done that, all you have to do is place your stop loss just below that level. For instance, if you own a stock that is currently trading at $50 per share and you identify $44 as the most recent support level, you should set your stop loss just below $44. You may be wondering why you wouldn’t just set your stop loss level at $44. There are several criteria to calculate Stop Loss, but there is no universal or better way to do it. The important thing is to understand the risk you are taking once you choose where to place your Stop Loss. Learn how to place your Stop Loss using the IQ Option practice demo account by clicking here. – Trading FOREX at IQ Option also becomes much simpler in choosing Take Profit and Stop Loss, values that we want to close on gains or losses. This is because we can choose 3 different ways. We can choose how much we want to win and how much we are willing to lose in terms of percentage.
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