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Stop Loss & Take Profit: A Complete Guide for Traders | Aurra Markets
Learn how to set stop loss and take profit orders to manage risk effectively. Our guide for traders explains how to protect capital and lock in profits with any strategy.
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Read moreCracking the Code: What Is a Pip in Forex? (What is a Pip in Forex Trading: Complete Guide to Pips and Pipettes)
If you are new to forex trading, you have heard the term "pip" mentioned quite a bit. A pip (short for "percentage in point" or "price interest point") is the smallest unit of price movement in the forex market. Understanding pips is essential because they are used to measure price changes, calculate profits and losses, and manage risk in trading.
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Read moreForex Leverage Explained: Understanding Ratios, Margin & Risk Management
Leverage is one of the most exciting features of forex trading, offering traders the ability to control larger positions with a small amount of capital. But while leverage can amplify profits, it can also magnify losses, making it a tool that requires careful handling. Let us break it down so you can understand how to use leverage effectively and responsibly.