There are two kinds of stop loss. The first type, chart stop loss, is also called technical stop loss. Stop loss is set according to support level, pressure level, golden ratio correction level and so on. Second, psychological stop loss, as the name implies, is to set a stop loss within your own tolerance according to your own situation and risk tolerance. As for where and how to set this point, you can read the book of technical analysis, which contains a lot of information about the setting of stop loss point. Simply put, take profit is an automatic liquidation point set to ensure a minimum profit after placing an order. As for the setting method, it is the same as the stop loss. It is very necessary to set up stop-loss and take-profit in online foreign exchange and gold margin trading. It is recommended that you directly download the free MT4 trading simulation software of Hong Kong Hengxin Precious Metals, with 24-hour online trading and two-way operation.