You use it when you want to lock up your profits from a given trade. The Trailing Stop order is also a subtype of the Stop order.When this occurs, the Stop order turns into a Market order. With a Stop order, the trader instructs their broker to open a long or short position when the asset’s price escalates to a certain value. Stop orders (also called Stop Loss orders) are typically utilized as a means of protection against incurring substantial losses although it is also possible to use them to safeguard your profits when selling short.Sell Limit orders have the opposite function and are used when one expects the asset’s price will increase before it drops. The first one is the Buy Limit which is used if the trader is looking for the best possible price when they expect an asset’s value will drop before it increases again.
With Limit orders, the trader determines the minimum and maximum market price at which they want to buy or sell the respective asset, be it a currency pair, a stock, a commodity, and so on.
Protrader offers nice versatility in terms of supported order types. There is no limit on the number of workspaces traders can create. Switching from one trading environment to another is easy as pie. Users can make their workspace unique and easy on the eye by adjusting the layout’s colors.įurthermore, the dockable layout system incorporated into Protrader allows them to create and save many different workspaces. Creating your own platform features is made possible by the customizable toolbar. There are different table filters traders can use to customize their working space.
More importantly, the interface is completely customizable, allowing users to adapt the entire trading experience to their personal preferences and style. Protrader has an attractive interface that is sophisticated and intuitive at the same time. The company’s platform enables trading across multiple classes of assets, including Forex currency pairs, stocks, forwards, contracts for difference (CFDs), and options. PFSOFT provides its clients with deployment services and technical support. It presently caters to retail brokers, banks, and prime brokers in Japan, Australia, the USA, China, Canada, the UK, New Zealand, South Africa, and Russia. The company behind the platform, PFSOFT, started out in 2003 with one clear task in mind, to create a cutting-edge platform that facilitates trading with a broad range of financial instruments.įollowing the launch of Protrader, PFSOFT expanded its operations to some of the world’s largest financial markets. Protrader was designed by a team of highly competent trading experts from Ukraine.
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