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“Cut your losses short and let your profits run.”
— Proverb

Introduction

When a Forex traders decides to open a position, usually he has some profit target in mind. Often such target is set as a take-profit order for the position. Sometimes, traders set multiple profit targets for one position and close …

EUR/USD surged today after the Federal Reserve and five other banks of developed nations announced their agreement to cut interest rates on dollar liquidity swaps. (Event A on the chart.) This measure is viewed by market commentators as a help for European banks to fund its dollar reserves. Before the announcement the currency pair was …

EUR/USD was rising today on the speculation that the European leaders will seek a way out of the crisis. The European finance ministers are meeting today to discuss measures for boosting the bailout fund. The currency pair gave away most of its gains on concerns that the talks won’t be followed by some meaningful actions. …

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After a rather a long break, a new broker was listed on EarnForex.com today — AFB FX. It’s a rather new brokerage company that was founded in 2010 and went online with its services in 2011. It’s based in Cyprus and is regulated by CySEC, British FSA and Spanish CNMV…

EUR/USD dropped today on the signs that the recovery in Europe stalled. Germany failed to sell 35% of its 10-year bonds, making traders question: what hope has Europe if its strongest economy has such problems with sale of its debt? The United States, on the other hand, continue to show positive signs. …

EUR/USD was volatile today as the impact of concerns about Europe and the resulting demand for the dollar as a safe haven was negated by worries about the situation in the United States. The congressional deficit-reducing supercommittee failed to reach consensus on spending cuts required to tackle the budget shortfall. Despite the political impasse, rating agencies signaled that they …

EUR/USD was sharply down today at the start of the trading session, but later the decline stopped and currently the currency pair attempts to go higher. The political situation in Europe isn’t good for the euro as Spain became yet another country that lost government because of its inability to resolve the debt issues. Yet the situation …

While the majority of the retail Forex positions are opened with the simple market orders (i.e. at the current price), there are also other types of trading orders in use by the FX market participants. Here are the most popular of them:

Stop/limit pending orders are the common trading orders. Stop orders are …

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