Stop Entry

Stop Entry
An Entry Order is an order to enter the market at a specified price.Entry orders are divided into two types, Limit Entry and Stop Entry orders. Limit Entry orders are entry orders to enter the market at a more favorable price. When buying a currency pair, the limit entry will be placed below the current market price. When placing an entry order to sell, the limit entry order will be placed above the current market price.

Limit entry orders are often conducive to strategies pertaining to range-bound markets, where clients can place orders to buy at the bottom of the range and sell at the top.

Stop entry orders operate on a rationale that is the opposite of limit entry orders. Stop entry orders are orders to enter the market at a less favorable price. When buying a currency pair, the stop entry will be placed above the current market price. When placing an entry order to sell, the stop entry order will be placed below the current market price.
Stop entry orders are conducive to breakout strategies, where the trader believes that if the specified rate is reached, the trend movement is confirmed and thus will continue in that direction.

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