Struggling to understand limit orders
Hello! I am still a relative newbie to understanding all the ins workouts to putting Forex trading orders.
Often I've opened a Buy/Sell Stop order at the market price; set my TP at a multiple of the (Entrance - Stop Loss) value and also have seen from later results that when I had been able to close a portion of the order along how I'd have been able to consolidate my profit - which I've been advised is the role of a Jumping Cease.
Lately an overheard comment; Just set a Buy/Sell prevent order and then open pending limit orders to close a portion of the transaction at various levels of profit. Caught my interest since, until that moment, I had no idea that such a thing was possible.
Can anyone clue me in one way or another please?
Thanks.
Much appreciated
