1. Profit target: You exit when you have reached your desired profitability in currency positions.
2. Trailing stop: You exit when the market begins to turn against you, but you still have a profit (even if it may not be your target).
3. Stop loss: You have no gains, and you exit currency positions in order to limit the damage.
4. Time-based stop: You set a specific time to exit currency positions. This can also include exiting at a certain level.
   

See Also

• Learn Forex Trading
  FX trading on the currency market