Orders

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Orders

Postby ivanlim » Mon Aug 09, 2010 12:19 am

Hi guys. I;m a bit confused. Are limit orders the same as the take-profit?If not,what are they?
ivanlim
 
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Joined: Wed Mar 03, 2010 5:43 am

Re: Orders

Postby muddeman » Tue Aug 10, 2010 7:31 am

Yes that's right, it's a price you specify you want to close the trade at to lock in a profit, should the price move the right way.
It can also be an order to open a trade at a specified price, which can be useful if you think you're not going to be around at the time to open the trade manually.
muddeman
 
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Re: Orders

Postby ivanlim » Wed Aug 11, 2010 4:34 am

I see. Thanks
ivanlim
 
Posts: 59
Joined: Wed Mar 03, 2010 5:43 am


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