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Beginning investors who come to the stock market are inevitably confronted with terminology that is new to them. An accurate understanding of this vocabulary makes it possible to quickly understand the principles of the investment mechanism and learn how to make all necessary calculations without errors. In general, for a beginner investor to start meaningful actions it is enough to assimilate a limited set of the most important concepts, which includes the investment horizon.

In forex, risk management is really important. The currency market is often unpredictable and even successful traders are forced to suffer losses. One of the most effective ways to protect your trading account is using Stop Loss (SL) and Take Profit (TP) orders. The ability to automatically close a winning trade on a fixed number of pips is also very important. So let's learn more about using Stop Loss and Take Profit orders.