Stop/loss order

Beginner Questions
1

Can someone explain how to place a stop order on the forex.com platform. The terminology seems to be different which I find confusing

2

Do you have an active trade up already? If so, find the trade on the left side of the platform window, bottom half.

  1. You should see the trade under the Orders tab. Find the trade, click on the down arrow, and
  2. Select Edit Order.
  3. From the Edit Order window, put a check next to Stop, and
  4. Enter one of the 3 options provided (price where to place the stop, how many pips wide you want your stop from your entry price or currency amount you want to be in loss for the stop order to execute).
  5. Save the change by clicking Update Order.

Give that a shot.

3

Thanks I did find that helpful

4

Cool. Yea, the platform will get easier the more you play with it and place trades. And once you master it, you can pretty much use anything else out there.

5

Secondly how do you locate the Fibonacci tool. Doesnt seem to be in the drop down list of the other tools.