How to Set Stop-Loss and Take-Profit Orders in CFD Trading
Introduction Even the best market predictions can flip on you in an instant. In the risky world of CFD trading, more than 71% of retail CFD accounts lose money, often because people trade without the right safety measures. What sets apart success from failure? Two super simple but game-changing tools: stop-loss in CFD trading and take-profit in CFD trading. Think of SL/TP orders as your trading seatbelt. They won’t stop every crash, but they’ll save you from devastating losses. No matter if you’re just starting or you’ve been trading for a while, mastering these risk controls is non-negotiable. This guide will help you with: What Are Stop-Loss and Take-Profit Orders? What is a Stop-Loss? Stop-loss in CFD trading is an order that automatically closes your position if the market moves against you by a certain amount, keeping your losses in check. For instance, if you buy a Gold CFD at $1,800, you might set a stop-loss 3% below entry at $1,746 to limi...