If you're trading on cTrader, understanding how to manage orders, set stop losses, and take profits is crucial to your success. Here's a quick guide to help you navigate these features and optimize your trading experience.
1. Managing Orders
The cTrader Web platform offers an intuitive way to place and manage your orders. After logging in, you can access the "New Order" button to start a trade. You have the option to choose between Market Orders, Limit Orders, and Stop Orders. You can also adjust order details such as volume and price before executing your trade.
2. Setting Stop Losses
A stop-loss order helps protect your investment by automatically closing your trade if the market moves against you. To set a stop loss, simply enter your desired stop-loss level when creating a new order. You can also modify this level later by editing the trade in your open positions list.
3. Setting Take Profits
Take profit orders are essential for locking in gains when the market reaches your desired profit level. You can set this level while placing a new order or adjust it afterward within your open positions.
For a comprehensive overview of how to manage your orders, set stop losses, and take profits, you can check out the cTrader Web Features Home Page. This resource provides detailed guidance to help you make the most out of your trading experience.
RISK WARNING: Leveraged Contracts for Difference (‘CFDs’) and Forex products are complex financial instruments that are traded on margin. Before deciding to trade, please ensure that you understand the risks involved whilst taking into account your investment objectives and level of experience. You should not risk more than you can afford to lose. All information on this website is not directed toward soliciting citizens or residents of North Korea, UK, Syria, United States, Canada, EEA or any other jurisdiction that would be contrary to local law or regulation. Trading leveraged products such as CFDs and Forex may not be suitable for all investors as they carry a degree of risk to your capital. Please ensure that you fully understand the risks involved, and if necessary, seek independent advice.