BTC Markets now supports, Stop Limit, Stop Order and Take profit order types.
As part of BTC Markets’ ongoing commitment to providing a globally competitive, feature rich trading platform, we have developed a range of new advanced order types. This allows traders to implement advanced trading strategies, manage risk and optimise return.
It’s easy enough to click ‘buy’ to enter a trade and ‘sell’ when it’s time to exit, but this approach requires constant monitoring and doesn’t leave any room for error. You take 10 minutes for a coffee break, return to your trade to find your window of opportunity is gone! You’re left wondering how the market moved so quickly and curse the moment you stepped away from your trade. Maybe you spot your moment, hit the sell button, but by the time your order executes, you get a price that you didn’t expect. In a fast-moving and volatile market, both are common experiences and problems faced by traders.
If this sounds familiar, fear not, advanced order types are here to help. Using advanced order types, you can place an order that triggers when a market price has been reached. Allowing a range of measures that you can take to protect your trades, manage risk and create advanced strategies to any given situation.
Advanced order types give you the tools to take your trading to the next level. Each stop order works differently but if you’re familiar with our basic order types, ‘market’ and ‘limit’ orders, you’re almost there.
See our support articles linked below for more information and as always happy trading.