What is buy stop? How to use and place the buy stop orders?

What is Buy Stop?

Buy Stop means place a buy order above the current market price.

Ex. EUR/USD present market rate 1.4500, you can place your buy stop position above current market like 1.4600. While market going up to rate 1.4600, it automatically open your buy stop position to buy position.

How to place buy stop order?

Double click the particular currency pair and then the  order window will open in the screen. Select the pending order in drowdown menu in Type option and select  buy stop order, put your price and place the buy order.

How to use buy stop order?

• You can save your time from watching market in system
• Sometimes your not able to place a order in particular price in high fluctuations. So safe to place buy stop orders, as well your trading system will go smooth.
• Buy stop are mostly used in auto trading.
• Product your income from power and internet conncetion problems using buy stop orders