Ask About The Difference Column
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Ask About The Difference Column

Ferry July 27, 2017 Broker: INSTAFOREX 10
I am a beginner in forex and am still trying the demo account. Ask for enlightenment; when you want to sell, make, or trade with HP, below SL and TP, there are different options. Start from 0. What's that for? Tq
Replies:2

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2 Comment
InstaForex Yudha August 8, 2017 Neutral
Dear Ferry,
SL stands for "stop loss," and TP stands for "take profit." SL to determine your losing position and TP to determine your position in taking profits. If there are other things that you don't understand, don't hesitate to ask our customer support.
abang August 9, 2017 Neutral
@ferry, Do you mean difference or deviation? If the difference is normal, leveling should be stopped. So actually, pending and stop orders (including SL and TP) have a minimum distance requirement from the broker. For example, if the difference is less than two pips, the minimum SL, TP, and other pending orders are two pips away from the current price.

If there is no difference, alias 0, it means that it is better because the order placement is not constrained by the minimum stop level rule. but usually the broker's stop level can't be edited by traders. So another possibility is deviation.

In terms of deviation, it's a kind of slippage tolerance limit. can be used to anticipate that order execution can be maintained at tolerable levels, even though price volatility is crazy.

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