What is order management in trading?
In trading, order management refers to everything adoes with regard to . This can entail everything from executing market orders to placing , and orders.
Another aspect of order management is actively. Once you have there can be several outcomes. For example, the could go in favour of the trade and so it may be necessary to adjust the stop loss in the same direction as well, to lock in profit.
Order management is a critical part to money management, which is deemed as a very important skill in trading. Read more about money management:
In our forex beginner strategy, order management is step 4:
Order management in MetaTrader 4
is the most popular . Most of the partner of tradimo offer it for free to their . Read our tutorial on how to manage trades in MT4: