Why Every Trader Should Consider Using Limit Orders

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#561: Why Every Trader Should Consider Using Limit Orders

In this video:
00:24 – How to best enter a new trade.
01:11 – I mostly use Limit Orders.
02:17 – The benefit of using Limit Orders.   
03:53 – Other things which add to a trade setup.
05:00 – My 17 minutes Masterclass and Book a Call.
05:30 – Blueberry Markets as a Forex Broker.
06:01 – Comments, Like & Subscribe.

What’s the best way to enter a new trade to make sure that you get the best possible outcome? Let’s discuss that really important topic and more. Right now.

Hi there, Traders! Andrew Mitchem here, the owner of the Forex Trading Coach with video and podcast number 561.

How to best enter a new trade.

Today I want to talk about how you can enter a new trade and how you can get the most out of your trade by doing a few clever things. So there are a couple of options that we have, or three really.

you can enter what’s called a market order, which means you jump into the trade straight away, and it’s what most people do. or you can use a stop order. And for a stop order, it means on a buy trade, you’re buying above the current price. And for a sell trade, it means you’re selling below the current price.