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Stop Loss (SL) and Take Profit (TP) orders help you manage trading risks and automatically close your Futures positions based on predefined price levels.
What Are Stop Loss and Take Profit Orders?
| Order Type | What You Should Know |
|---|---|
| Stop Loss (SL) | Automatically closes your Futures position when the market moves against your trade and reaches your Stop Loss price, helping limit potential losses. |
| Take Profit (TP) | Automatically closes your Futures position when the market reaches your target profit price, helping secure potential profits. |
Important: Stop Loss and Take Profit orders help manage trading risks but do not guarantee execution at the exact target price, especially during high market volatility.