“Place a buy stop 213.45 at and a sell stop at 212.25”
Please could some explain to me what the above means?
I want to start spread betting in UK.
Does it mean two trades at the same time? I am confused.
Thanks
Yes, the platform will buy at 213.45 or sell at 212.25. This could be as 2 seperate unconnected orders or as an OCO (one cancels other) so that whichever is triggered first cancels the second order. However if you dont know these things do you really think you are anywhere close to being ready to enter what is an extremely difficult trading environment?
Tony’s right.
Do yourself a favor and at least go through the free Babypips school before putting your money into any kind of live account.
How can you possibly be successful at something when you don’t even know the basics of how it works?
Would you go into a casino and start betting on a game that you knew nothing about?
I’m not trying to put you down, just trying to give you a reality check.
Contrary to what the infomercials and Internet sites would have you believe, Forex trading is not as simple as buying low and selling high. If it was, we’d all have been millionaires long ago.