British Pound / Canadian DollarEducation
What Is A Buy & Sell Stop Order?
Both Buy and Sell Stop Orders are trade order set before current price hits those orders and gets you into a new trade.
Buy Stop Order:
An order that is executed at a specific predetermined price that is above the current price.
Sell Stop Order:
An order that is executed at a specific predetermined price that is below the current price.
NEVER chases price when making a Forex trade, let price action come to your entry by setting either a Buy or Sell stop order. Then make sure you set your stop loss and targets at that time too.
A.C.E. Strategy is:
1) Alert candle
2) Confirm candle
3) Enter candle
Buy Stop Order:
An order that is executed at a specific predetermined price that is above the current price.
Sell Stop Order:
An order that is executed at a specific predetermined price that is below the current price.
NEVER chases price when making a Forex trade, let price action come to your entry by setting either a Buy or Sell stop order. Then make sure you set your stop loss and targets at that time too.
A.C.E. Strategy is:
1) Alert candle
2) Confirm candle
3) Enter candle
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.