Stop Order is an ideal tool for placing a market or limit order when the specified price is reached, it is very convenient to use it when you need help to understand market trends before entering a position. The Buy/Sell Stop Order becomes active only after the specified price level has been reached. Stop orders work in the opposite direction from the Limit one.

Stop Loss and Take Profit are probably the most important words and instruments in every trader’s life. Of course, you have probably heard about these vital for traders tools, but let’s now examine them closer:

Stop Loss is a protective order that limits trade losses by drawing a border beyond which the trader will not risk money. Such orders automatically close losing trades at predetermined levels. There are 2 main types of transactions: Long Term — with a profit from market growth, and Short Term with a profit from the market decline.

Short positions are an important part of active trading, as it allows traders to take advantage of both rising and falling markets. Unlike long positions where losses are limited, short one has unlimited potential for losses. Trading with a Stop-Loss allows taking this risk under control.

Bonus usability: Benefits while using with Margin Trading

Margin Trading is a practice of using borrowed funds when the trader’s own money being used as collateral. Margin Trading gives users an ability to trade with leverage, open long and short positions, allowing them to profit from the market, whether the trend is bullish or bearish, BUT such trading operations are high-risk, so applying Stop Orders can seriously save your money, do not forget about the crypto market’s volatility.

One-day Order: the daily order automatically expires at the end of the exchange session (if it has not been used). Many platforms use this option as a bonus order. The duration “Day +” is valid until the end of the extended trading session.

Fill Or Kill (FOK) — is an order with a condition, it must be executed immediately in full, or it will be canceled. Partial execution is not possible in this case.

As in the case of FOK, the All Or None (AON) order will be canceled if it is impossible to use it fully by the end of the trading session. In the case of this order, partial execution is unacceptable.

Immediate Or Cancel Order (IOC) implies an immediate execution of an order, partial or complete; otherwise, the order (or its unfulfilled components) is canceled.

The Good Til Date/Time (GTD) order remains active until the specified date if it has not been executed or canceled.

The Good Til Canceled (GTC) order is valid until the transaction is completed or the order is canceled.

Technical Analysis Basics, and whether is it necessary

Please, notice that I do not impose my views on anyone, and I do not insist on their authority, the main idea of this article — is to share the experience I have. All the conclusions and decisions about your personal investments should be made according to your OWN decisions. The analysis is a very important process of anything as for your funds. Do your own researches and use ready crypto-analytics like an additional opinion, for those who do not want to make decisions on their own, hundreds of chats and crypto signal pools are available on the market, both paid and free. The choice is always up to you: think by yourself or lean on someone’s advice. EXMO Cryptocurrency Platform offers an every week free analytics (EN, RU) on their TradingView profile page, and also publishes it in the News section of the exchange.

Everything about Bulls, Bears, Market Trends and the Crypto analysis basics outlined in my previous article:

I will take EXMO platform — the largest in Eastern Europe as an example.

As the exchanges TOP-management noted -

It’s important to study and analyze the current market situation:

“EXMO team is working to see the result. Our goal is EXMO’s independence and being up-to-date as a TOP-crypto platform; Therefore, over the past months, we have been actively working on the exchange’s upgrade. After the Pre-Sale and the I Public Round of EXMO Coin IEO, we decided to tie the next 2 rounds to the improvement of the platform’s technical part. So, the next stages of sales will take place after the Stop Orders and IOS/Android App implementation. Also, in the nearest future Margin Loans and other important perks for our users would be already available. We understand the importance of these updates and really value our users and try to provide them with the greatest convenience while working with EXMO.”

We remind you of the already realized ЕХМО improvements:

The NEW “Тrading” page with 3 types of the grid;

IEO Support;

Redesigned Main Page;

EXMO Coin with benefits for tokenholders*;

Personal/Name EX-Codes;

Nigth Mode;

and more.

The more detailed overview is here