FX: diference between stop-loss and stop-entry
They both have the form "sell if price falls below x" or "buy if price rises above y". So, what is the difference?
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I dont get what you don't understand.. you clearly wrote it above: sell if price falls below x" and "buy if price rises above y
Stop loss: If the share price goes under your pre-determined level, your share sare automatically sold.
Stop-Entry : If you want to buy shares only once the SP goes over a certain price, then you put in this order. For example: Shares trading at 1$. You only want to buy if it breaks out over $1.10, so you you put a stop entry at $1.1.
Simple as that
Oh, so stop-loss is for selling, and stop entry for buying?
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