Forex Zone - Forex Forum

Benefits of using stop orders

Discussion started on Forex Education

  • Sr. Member
  • Posts: 457
  • Points: 32784
  • Likes Received: 9
  • Reputation: +1/-1
the use of stop orders is sometimes not useful for some traders but traders who can make good use of pending orders can use stop orders appropriately and accurately.
#61 - August 05, 2020, 04:34:05 PM

  • Hero Member
  • Posts: 1048
  • Points: 5674
  • Likes Received: 111
  • Reputation: +4/-0
Sometimes stop orders are needed in certain market conditions, for example when the market is consolidating or the market has not shown a standard signal like what we want.
#62 - August 06, 2020, 03:48:29 PM

  • Sr. Member
  • Posts: 444
  • Points: 0
  • Likes Received: 31
  • Reputation: +2/-0
Stop orders are very useful for forex traders to support analysis on a trend.
Stop orders are used when the market is in high volume by placing it above resistance or support, to seek profit with the continuation of the trend.
#63 - August 09, 2020, 07:49:37 AM

  • Hero Member
  • Posts: 701
  • Points: 5910
  • Likes Received: 39
  • Reputation: +1/-1
In my opinion, using a stop order is an improvisation where we can take advantage of a safer price estimate than an instant order.
#64 - August 27, 2020, 11:49:16 AM

  • Hero Member
  • Posts: 810
  • Points: 0
  • Likes Received: 120
  • Reputation: +3/-0
Using stop orders under certain conditions will be profitable.
traders can take advantage of stop orders as a way to order in fast market conditions.
#65 - September 02, 2020, 11:38:25 AM

  • Sr. Member
  • Posts: 433
  • Points: 69385
  • Likes Received: 8
  • Reputation: +0/-0
A stop order has several special functions including being able to get the right price which cannot be obtained with an instant order.
#66 - September 02, 2020, 03:00:41 PM

  • Hero Member
  • Posts: 701
  • Points: 5910
  • Likes Received: 39
  • Reputation: +1/-1
Stop orders are usually applied when the market is still not showing the right signals and usually such pending orders are applied as an anticipation or strategy if the scenario actually materializes.
#67 - September 03, 2020, 07:01:51 AM

  • Sr. Member
  • Posts: 378
  • Points: 13171
  • Likes Received: 13
  • Reputation: +0/-0
placing a stop order will usually give us the advantage of a moment, usually a better moment that we have thought will materialize if the order is touched.
#68 - September 03, 2020, 08:09:34 AM

  • Sr. Member
  • Posts: 410
  • Points: 46229
  • Likes Received: 7
  • Reputation: +3/-0
A stop order will give us an advantage over time because we will get the best order according to the predictions or where the price will move even though the order will not always be executed.
#69 - September 03, 2020, 09:02:22 AM

  • Sr. Member
  • Posts: 337
  • Points: 0
  • Likes Received: 25
  • Reputation: +1/-0
I don't use stop orders, this order method is usually used by traders by placing orders above resistance or support. when the market breaks out, the stop order will be opened.
#70 - September 06, 2020, 11:58:53 PM

  • Sr. Member
  • Posts: 448
  • Points: 104137
  • Likes Received: 12
  • Reputation: +1/-0
We can use stop orders at certain times and conditions because we can use pending orders to hold the position we want even though it's just a possibility but the accuracy is very good.
#71 - September 09, 2020, 11:22:26 AM

  • Sr. Member
  • Posts: 444
  • Points: 0
  • Likes Received: 31
  • Reputation: +2/-0
The use of stop orders is safer if we apply it, because our order positions will run according to the initial movement of a trend.
#72 - March 14, 2021, 04:37:03 PM

  • Hero Member
  • Posts: 628
  • Points: 0
  • Likes Received: 59
  • Reputation: +1/-1
Indeed, the advantage of using stop orders is that the open trading position will be in accordance with the established trend, in addition to making the profit that can be achieved is greater and avoiding the floating that occurs as long as the application of the stop order is in the right area.
#73 - March 15, 2021, 07:37:22 AM

  • Sr. Member
  • Posts: 337
  • Points: 0
  • Likes Received: 25
  • Reputation: +1/-0
The application of stop orders is not always profitable, sometimes the market creates a fake trend which previously moved to follow the trend and touches the stop order but after that the market immediately reverses, so the stop order position must also be made as good as possible so as not to add to losses.
#74 - March 16, 2021, 11:52:40 PM

  • Hero Member
  • Posts: 1309
  • Points: 1095
  • Likes Received: 11
  • Reputation: +0/-7

using a stop loss is the most effective way to minimize our losses, and it is our time to do this if we want to be successful in trading, achieve all of our targets and goals, and if you want to become a trader who can profit consistently, therefore always use money management. always apply risk limits
#75 - March 20, 2021, 11:28:51 PM

Members:

0 Members and 1 Guest are viewing this topic.