Lesson 6

Take Profit & Stop Losses



Lesson Details

Take Profit & Stop Losses

Welcome to one of the most important topics in trading. One thing that some people don't realize is, if you trade without take profits or stop losses, you are essentially gambling. Later, in the Intermediate course, you will learn about risk management and money management. Learning how to properly utilize take profits & stop losses, risk management and money management are the key essentials of becoming a successful trader. By properly utilizing these tools along with technical & fundamental analysis, you're truly able to put the probabilities in your favor.

Answer 7 of 8 questions to advance to next lesson.

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Correctly answer 7 of 8 questions to pass.

A take profit functions by?

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A stop loss functions by?

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Placing a stop loss allows you to?

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The level at which you automatically exit the trade at a loss is?

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To lock in profits we can?

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A trailing stop loss functions by?

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A take profit allows you to?

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Traders should always look to achieve?

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