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January 16, 2018
What are the differences between Stop Loss and Take Profit orders?
A Stop Loss Order is an order to close a losing trade automatically at a certain price in order to limit its loss. This type of order is one of the main risk management tools you can benefit from as a trader especially if you are not ...
January 10, 2018
How to use Take Profit/Stop Loss orders? How do they work?
Stop Loss is an order that limits losses if the price goes in an unprofitable direction. It automatically closes the position when the price reaches a certain price level. To protect the deposit from negative market fluctuations and ...
December 21, 2017
How to place Stop Loss & Take Profit orders on MT4 platform?
In the order window you can manually choose stop loss and/or take profit levels. If you want to use the current price you can click the Copy As buttons to fill out these fields. You can then change the prices to the stop loss and take...
December 11, 2017
How can I place/change a Stop Loss/Take Profit order?
Standard Account: You can set your Stop Loss/Take Profit in the new order window. ECN Account: You can set the Stop Loss/Take Profit after placing a new order by double clicking on the order or with a right click. Amend it by selectin...
October 23, 2017
List of Order Types and How they work on Forex trading platforms
Use Order Types to manage risks List of Orders Types and How they work Market Order Limit Order Limit Entry Order Stop Order Stop Entry Order Stop Limit Order Stop Loss Order Trailing Stop Good For the Day Once Cancels the O...
October 19, 2017
How can I place an order(open a position) on SimpleFX trading platform?
In the open order screen, you can switch between market and pending order. To open a standard order(not pending order), please select market order tab. In the "Trade Size" box, choose the size of a position and you will see requir...
October 19, 2017
How to place pending orders on SimpleFX online trading platform?
At "Open order" window, you can switch between market and pending order. This time, choose the "Pending order" tab. "Open Price" is where you need to set the price level where order will be activated. The changing price below t...
September 20, 2017
What does Stop Level mean on MT4 trading platform?
"Stop Level" is the minimum parameter where traders can set pending orders like "Take Profit" and "Stop Loss" from. In case, the Stop Level is 1 pip, then traders cannot set any types of pending orders closer than 1 pip to the current...
September 20, 2017
What is the Stop Level on FBS MT4 and MT5 trading platform?
On September 2017, FBS has gotten rid of all Stop Levels on both MT4 and MT5 trading platforms. Thus, there is no "Stop Levels" for almost all currencies(Forex Pairs and Precious Metals). For the latest data(and conditions), you ca...
August 10, 2016
How to place or modify pending orders on FXPro cTrader platform?
How to modify/cancel pending orders (Stop/Limit) on cTrader trading platform of FXPro?
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