First Trade Execution with Quant Tekel: A Beginner’s Guide

Trading is fundamentally straightforward. You don’t need specialised skills to execute a trade itself. However, it’s essential to understand your reasons for entering a trade, the entry price, and the position size you choose. The position size will directly impact your potential profit or loss.

Risk Management Essentials

Setting a Stop Loss is crucial to prevent excessive losses, while a Take Profit order helps secure your desired gains. For long-term profitability, aim for a Take Profit that exceeds your Stop Loss, ensuring that your profits outweigh any losses.

Executing Your First Trade

In this example, we’ll demonstrate a simplified trade execution. Decide on the market direction—click “Buy” if you expect the price to rise, or “Sell” if you anticipate a price drop. Then, observe the market’s reaction. In this scenario, Stop Loss and Take Profit levels are automatically set, so you can focus on learning the trade process.
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