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March 16, 2018
How to open Entry Limit/Entry Stop Orders?
To open Entry Limit/Entry Stop Orders Click Sell/Buy on the instrument of choice. To then open a pending order, tick the Advanced option, (located in the New Order window). If you have selected Buy, you will be allowed to plac...
January 24, 2018
Why should I place a Stop Loss (S/L) and Take Profit (T/P)?
Setting a Stop Loss protects you in case your open positions abruptly turn around and go against you. As markets tend to be volatile, it is recommended always to set a Stop Loss when you open a new position. Take Profit closes the ...
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...
December 7, 2017
My orders gets executed at a different price than the ones shown on MT4 charts. Why is that?
The prices displayed on the MT platform charts are the maximum Bid or High (top of the bar) and minimum Bid or Low (bottom of the bar). Ask price = Bid + Spread Minimum ask = Low + Spread Maximum ask = High + Spread On Buy ...
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...
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