CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
To help manage your trades effectively, you can set a target price for both Take Profit and Stop Loss orders. These orders can be configured either before opening a position as part of your trade setup or after opening a position by modifying an existing trade.
A Take Profit order automatically closes your position when the price reaches your desired profit level. A Stop Loss order closes your position if the price moves against you, preventing further losses.
When the instrument’s price reaches the specified level for either Take Profit or Stop Loss, your position is closed automatically. This allows you to manage risk and secure profits without needing to monitor the market constantly.