What is cortex trading?

Take Profit orders allow traders to specify a price level at which they want to sell their assets to lock in profits. This is a useful tool for managing risk and ensuring that traders capture gains when the market moves in their favor.

Cortex FX offers traders a comprehensive platform to execute and manage their trades seamlessly. With a range of order types available, including Take Profit, Stop Loss, OCO (One Cancels the Other), If Done, and Repeat, users can tailor their trading strategies to suit their individual needs.

The platform's trade blotter serves as a central hub for managing all orders, providing traders with the flexibility to amend, pause, or cancel their trades at any time. This feature ensures that traders maintain complete control over their trading activities and can quickly respond to market changes.

Stop Loss orders, on the other hand, are designed to limit potential losses by automatically selling assets when they reach a predetermined price level. This feature helps traders protect their capital and avoid costly mistakes.

OCO orders are a combination of a Stop Loss and a Take Profit order, where if one order is executed, the other is automatically canceled. This strategy helps traders manage their risk and profit potential simultaneously.