CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Axes made funding and withdrawal of funds even easier with the Axes Wallet. You can now transfer funds between your Axes Wallet and trading accounts at any time.
Use these trading levels to fix your possible losses or profit automatically.
Make more informed decisions according to the publications of the important data.
Receive trading alerts about your balance situation.
By keeping your money safe and secure in your Wallet, you are limiting your risk. You can choose to invest as much as you willing to risk, keeping the remainder safe in your Axes Wallet.
Stop Loss (SL) is an order that helps to limit the losses and manage the risks of the transaction. In fact, this is a straight line, which is set at a specific level. If the price goes against you and touches Stop Loss, it will work, the position will be closed.
Take Profit is the order to fix your trading benefit automatically when the price reaches a predetermined level.
You can finish the trade at any time by clicking the Close button, or wait until the Take Profit level is triggered.
How to set it: when opening a Long position, Take Profit should be higher than the current price. When opening a sale, TP should be lower than the current price. As a rule, it is set 2 times farther from the open price level than Stop Loss.
As soon as the position is finished, your net profit or loss will be immediately reflected on the trading account balance.
Stop-loss/Take Profit does not guarantee that your position will close at a specified price. With a sharp and intense market movement, the price may slip past the level you set:
Note that you can close the trade at any time by clicking the Close button or wait until your SL or Tp is triggered.
when opening a Long position, Take Profit should be higher than the current price. When opening a sale, TP should be lower than the current price. As a rule, it is set 2 times farther from the open price level than Stop Loss.
As soon as the position is finished, your net profit or loss will be immediately reflected on the trading account balance.
Open the Economic Calendar at Axes.co and find news with two or three exclamation marks. At the moment of the actual statistic data publication, it immediately appears in the rightmost column. It also indicates the publication time, the name of the indicator, its description, the previous and predicted value.
This means that approximately 15 minutes before the actual value of the indicator appears in the calendar, very strong unpredictable upward or downward movements may begin on the currency pair chart.
Stop Out is a forced automatic closing of all trader’s positions in case his trading account balance falls below the margin close-out protection level. The behavior of the assets prices is difficult to predict, and therefore it is not recommended to leave open positions over Saturday and Sunday. If you do not want to experience unpredictable Stop Out.
Invest only amounts you are willing to lose in unfavourable situations.
Try to use all the opportunities of the 6 assets classes for successful risk management.
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