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Good morning all,i've been having issues on the placing of stops and limit orders when demo trading.like the one where stalion said to place buy stop above a price.how does that work and how do i know how to use it while there is movement in price?thank you

hi, segun,
You could liken buy stops and sell stops as continuation orders,while buy limits and sell limits would be likened to reversal orders.
BUY STOPS:The current price level is lower than the value of the placed order. Orders of this type are usually placed in anticipation of that the security price, having reached a certain level, will keep on increasing; SO IT IS USED DURING AN UPTREND.


SELL STOPS:. The current price level is higher than the value of the placed order. Orders of this type are usually placed in anticipation of that the security price, having reached a certain level, will keep on falling, SO IT IS USED DURING A DOWNTREND.



BUY LIMITS — . The current price level is higher than the value of the placed order. Orders of this type are usually placed in anticipation of that the security price, having fallen to a certain level, will increase;SO IT IS USED IN A DOWNTREND REVERSAL.



SELL LIMITS:. The current price level is lower than the value of the placed order. Orders of this type are usually placed in anticipation of that the security price, having increased to a certain level, will fall;SO IT IS USED IN AN UPTREND REVERSAL.


Hope you now understand how to use these major order types to get into a trade,mon ami.

Feel free to ask questions

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ok, so now, how do we use it to make money?