Stop Loss and Take profit

 

Hi guys, I want to ask about SL and TP for buy and sell in forex. If we buy currency, the SL is below the price and TP is above the price. If we sell currency, the SL is above the price and TP is below the price. Is this true? ( NB: I'm new to forex)

Thank you

 
Luandre Ezra:

Hi guys, I want to ask about SL and TP for buy and sell in forex. If we buy currency, the SL is below the price and TP is above the price. If we sell currency, the SL is above the price and TP is below the price. Is this true? ( NB: I'm new to forex)

Thank you

Yes.

 
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