Stop and Limit orders are powerful trading tools offered by ACM USA.
The concept is simple, but can have a tremendously beneficial impact on the individual Forex trader. Orders - be they limit, stop, if done or trailing stop - give traders more control in their trading endeavors. A client can use a limit order to set a profit target, or a stop order to minimize their risk. An OCO order allows clients to place both a limit and stop on the same position simultaneously. Utilizing orders allows clients to further manage their trading strategy by using these tools to their advantage.
Using orders effectively allows knowledgeable traders to capture unique market opportunities and better manage their risk exposure.
 Using Stops and Limits for Protection
Let’s say you buy USD/JPY at 108.90. In anticipation of a risk-filled weekend and a volatile Sunday open, on Friday afternoon you place a stop order at 108.80. On Sunday evening the market gaps (which is common on the week’s open), and the price on the pair quickly settles at 108.68. While most forex brokers would execute the stop trade around 108.68, ACM USA will honor the trader’s stop and execute the trade at 108.80. In this example, saving the client from an additional loss of 12 pips.  Using Stops and Limits for Opportunity
Let’s say you want to enter the market at a specific price to go long USD/CAD 1.0140. You place a limit order at 1.0140. But, an unexpected negative economic indicator from Canada quickly sends the pair to 1.0170. Due to the rapidly changing price, most orders would be rejected by traditional forex brokers. Many brokers would place the trade at 1.0170 due to volatile market conditions. But at ACM USA, since the limit order was placed at 1.0140, the order will be executed at 1.0140.
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