Another beginner question

Beginner Questions
1

Hi folks,
I just want to ask another beginner question.

If I put in a price, and the price rises, I make money. If I put in a price, and the price falls, I lose money.
I get this, but I don’t get the following:

How do I make/lose money either way ? Is it just because of pure speculation ?

Thank you for your patience in answering my questions.

2

Hello @XeroFTrading
I think the answer you are looking for can easily find in the education section, try this:

And in general, if you are pure fresh, spend some time in education, it’s mindblowing.

2 Likes
3

Here’s a great, concise answer from @tommor:

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4

If you put the price in hoping that it will rise, then that’s a profit, but if it goes the other way, then that’s the loss. Similarly, if you put the price in hoping that it will fall, then you will get a profit, else it will be a loss.

5

Thanks everybody. Appreciate the answers.

6

Hmmm. :thinking: Actually, it’s not necessarily the case. If you BUY a pair and price drops, then you lose money. If you BUY a pair and price rises, then you earn money. But I guess it really is better if you check out the school here? :open_mouth: