Terms for new traders

SL :arrow_forward: Stop Loss
TP :arrow_forward: Take Profit
BE :arrow_forward: Breakeven

Move SL to breakeven / Set breakeven / Move SL to Entry

:arrow_forward: When we say one of these phrases, change your Stop Loss to your Entry Price.

For example, If our entry price is 1.1234, select ‘Modify Order’ in Mt4 and put your Stop loss 1.1234.
If you have others please add it in the comments and reply session.

You’ll find lots of forex and crypto terms here :point_down: