![]() Join Pocket Option and Start Trading Forex, CFDs or Binary Options! Click here Now! This is the way a Forex Broker makes money with its service! ![]() Here your potential profit and loss is defined by several factors: Your position size, your Leverage and your Take Profit and Stop loss level! There is also a fee for your trade or spread, a difference between the buying price and the selling price, this depends on your broker and the asset you trade. With binary options, you now from the beginning what you can lose and what you can win, the the loss and potential gain are defined by the broker! Forex works differently and a way more complex. The Take Profit is the Price level where you exit the trade to realize your profit! When the rpice moves in your favor, the position will be closed automatically and the profit will be added to your balance! Potential Profits & Losses in Forex TradingĪnother big difference is the potential profit and loss. If you do not place a stop loss, and the price moves against you, it may happen that you lose your entire account balance in a single trade. The Stop Loss defines your maximal loss if the price moves against you (How much you will lose in this case is directly related to your position size and your accounts leverage!). The first level, and most important, is the Stop Loss. Instead you choose 2 Price levels, if one of them is reached, the trade is closed and your win or loss will be added to your balance! Stop loss & Take Profit in Forex Trading While binary options are always connected to an expiration time, a Forex or CFD Trade is not timely limited. Binary Optionsįorex and CFD are a little bit different to binary options. Join Pocket Option and Start Trading Forex, CFDs or Binary Options! Click here Now! Forex vs.
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