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?
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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