Exit Target, Stop Loss and How to use in Marketiva

Exit Target, Stop Loss and how to use in Marketiva

General questions:
What if I have to always trading, i must seeing a monitor and always connected to the internet? That is possible to close the position when the benefit has been obtained. Hehehe, this is a question of a beginner trader, but we will still answer is yes ... we do not need to waiting the computer all day, I tired your body can left position and later can automatically licuidated if you have set the value of exit target and stop its loss. So you use the time to think about trading like this: 15 minutes of analysis, 10 minutes for order entry and setting the position of exit ordernya. The remaining time can you use day to day activities as usual. So do not you need to intervene again, if the profit target is reached then the exit will be closed, or may not have been losses in tolerir and exit the target price has been left out then the position will also be closed automatically.

Exit target: the price is the level where you want to close a position when a certain amount of profit you get. You can set the exit target when you open a position or at any time while the position is still open. Exit target is also known by the term or Take Profit is often abbreviated with the TP.

Stop-loss order: guarantee a position licuidated automatically on the price that has been estimated to limit the potential losses that might occur if the market moves against your position. Stop Loss usual abbreviated SL.

Sample exit target and stop-loss exit:
You have opened a long position in the price of 1.2000, then you must exit the target is higher, for example 1.2020, exit and stop-loss at a lower level, for example 1.1980. When you open a short position at 1.2000, target exit value should be lower, for example 1.1980, exit and stop-lossnya higher for example 1.2020.

Both the exit target and stop-loss exit value that you specify is in the price, not many points, or pip. As the above example, if you want to close the position with 20 pip profit, long in the position that you open with the price of 1.2000, then the exit is a target price of 1.2020 which is open 1.2000 + 20 points = 1.2020.

Some cases that are often experienced trader associated with the exit target and stop loss
My position is not closed when I believe the price is the number Exit Target. What actually happened?

Please note that the price consists of two components, the selling price (Price Bid) and the purchase price (Offer Price).
Transaction with the selling price is opened and closed with BID Offer Price
The transaction is opened with the purchase price and the offer closed with price BID
For example, you make a transaction in the Short EUR / USD and exit the target at 1.3125. Price on the diagram / chart shows 1.3125, but in this case you do not exit the target left.

This is because the price is 1.3125, which charts an average bid price and offer, the transaction must be closed with Short action to buy. Price Charting = 1.3125, the Offer price in charting = + 1 / 2 spread = 1.3125 + 1.3126 = 1. So that the actual price is still at the 1.3126 level.

I closed the position when I believe the price does not touch the Stop Loss figures. What actually happened?

Please note that the price consists of two components, the selling price (Price Bid) and the purchase price (Offer Price).
Transaction with the selling price is opened and closed with BID Offer Price
The transaction is opened with the purchase price and the offer closed with price BID
Example: you make a transaction in the Short GBP / USD and install Stop loss level at 1.8943. Price on the diagram / chart shows 1.8942. But in this case SL you left out.

This is because the price chart is 1.8942, which is an average bid price and offer, the transaction must be closed with Short action to buy. Price Charting = 1.8942, the Offer price charting = + 1 / 2 spread = 1.8942 + 2 = 1.8944. So the price is actually already on the 1.8944 level.

Important that you see here is the Spread, and also need to remember that the spread is not fixed and may change when the time value, especially when the news out of the price movement does not lead to stable.

P.S:

In the above example, the spread for the EUR / USD is 2, and GBP / USD is 4.
BID is the price you sell to dealers, and offer is the price you buy from the dealer. In this case, the BID price is always lower than the price OFFE

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