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Creating Stops and Limits

See how to set stop and limit orders to your open positions to help better manage your risk.

Stop and limit orders can be added to trades that are currently open. Tap the Summary tab to view your open trades, select the instrument to which you want to add a stop or limit order, and then tap Net Stop or Net Limit. These orders apply to your net position in the given currency pair. As such, when the stop or limit price is reached, the entire exposure of the instrument will be closed. You can set a stop or limit by price or by pips. Enter the details of the order and then tap here.

Disclosure

Educational Videos: All videos are provided for educational purposes only and clients should not rely on the content or policies as they may differ with regards to the entity that you are trading with. Further, any opinions, analyses, prices, or other information contained on this website is provided for educational purposes, and does not constitute investment advice. Friedberg Direct will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Order Execution Only

Order Execution Only

Regulatory Documents:
IIROC Brochure: How Can I Get My Money Back, How IIROC Protects Investors, IIROC Complaints Brochure, CIPF Brochure, CIPF Coverage Policy

The relationship between Friedberg Direct and FXCM was formed with the purpose to allow Canadian residents access to FXCM's suite of products, while maintaining their accounts with a regulated Canadian firm. All accounts are opened by and held with Friedberg Direct, a division of Friedberg Mercantile Group Ltd., a member of the Investment Industry Regulatory Organization of Canada (IIROC). Friedberg customer accounts are protected by the Canadian Investor Protection Fund within specified limits. A brochure describing the nature and limits of coverage is available upon request or at www.cipf.ca.