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Forex question Should Stop Loss and Take Profit orders be Stop or Limit orders?
avatar Catkathy
Question by: Joseph - 24 Mar 2016, 08:40:11
Should Stop Loss and Take Profit orders be Stop or Limit orders?
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Answers (1)
avatar user 8914
Answer by: Samanthar - 24 Mar 2016, 08:53:56

Regardless of the open position direction (long or short), a Stop Loss is always placed as a Stop order, and a Take Profit as a Limit order.

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