Smoovetrade Posted August 9, 2019 Share Posted August 9, 2019 This is an order placed either to buy above the current price or sell below the current price. When you think that the price of a currency will continue in one direction once it goes up or down to a certain level, you place a Stop order. For example, if EURUSD exchange rate is 1.1086 and you think the price will continue to go up once it reaches 1.1900, you place a buy stop order. Once the price gets to 1.1900, the position is automatically open for you and you will make profit if you are right. You can place a Sell Stop order below the current rice if you think it will continue to go down once it reaches that price. Trade with Forexchief broker and there is a 100% guarantee of stop order execution. No Slippages. Link to comment Share on other sites More sharing options...
Jo Eshuijs Posted August 10, 2019 Share Posted August 10, 2019 Brokers are here to provide various services to their customers. But due to many restrictions not all the broker can give same facilities. For me the risk management is one of the most important issues that we should ensure in our broker. Forex4you is better trading broker which allow advance risk management techniques in their platform. They have – stop loss, trail stop and take profit as risk management techniques in their platform. Link to comment Share on other sites More sharing options...
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