WHAT IS A STOP LOSS AND A TAKE PROFIT?

A stop loss (SL) is an automatic order to close a trade that is activated if the price reaches the level decided by the trader with the aim of limiting the maximum losses allowed in a trade, and a take profit (TP) is an automatic order that helps you take profits from your trade at the price you decided.

These two orders serve to control your operations in terms of losses and gains, and they are also necessary if you don’t want to lose money $BTC

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