If the trade becomes a winner and profits begin to accrue, you may want to employ "trailing stops," whereby protective stops are adjusted to help lock in a profit should the market turn against your position. The major advantage of using protective stops is that, before a trade is initiated, you have a pretty good idea of where you will be getting out of the trade if it's a loser. Having a good idea, beforehand, where the buy and sell stops are located can give an active trader a better idea regarding at what price level buying or selling pressure will become intensified in that market. Our silver price chart will help you to easily identify trends, stay up-to-date with market movements and have instant access to the current silver spot price. Most stop orders are located and placed based upon key technical support or resistance levels on the daily chart, which if breached, would significantly change the near-term technical posture of that market. Our silver price charts are constantly updated across multiple currencies to help gold, silver and precious metal investors make informed decisions about when is the best time to buy and sell silver. Free Commodity Tips & Advisory calls by expert. Once the stop price is touched, the order is treated like a "market order" and will be filled at the best possible price. COMEX Live Quotes, News, Charts, Statistics of COMEX Commodity. A buy stop order is placed above the market and a sell stop order is placed below the market. Three: To initiate a new long or short position. Two: To protect a profit on an existing long or short position (protective stop). If you do the math, you’ll see that on an ounce for ounce basis the 10 ounce bar is a much better deal at only 21.96 per ounce compared to the one ounce bar at 22.68 per ounce. Stop orders in trading markets can be used for three purposes: One: To minimize a loss on a long or short position (protective stop). For example, a one ounce Sunshine Mint silver bar may sell for 22.68 while a 10 ounce Sunshine Mint silver bar may sell for 219.60. See below a detailed explanation of stop orders and why knowing, beforehand, where they are likely located can be beneficial to a trader. The asterisks (**) denote the most critical stop order placement level of the day (or likely where the heaviest concentration of stop orders are placed on this day). DailyFX Limited is not responsible for any trading decisions taken by persons not intended to view this material.Below are today's likely price locations of buy and sell stop orders for the active Comex gold and silver futures markets. Any examples given are provided for illustrative purposes only and no representation is being made that any person will, or is likely to, achieve profits or losses similar to those examples. It is not a solicitation or a recommendation to trade derivatives contracts or securities and should not be construed or interpreted as financial advice. ![]() This information is made available for informational purposes only. Information presented by DailyFX Limited should be construed as market commentary, merely observing economical, political and market conditions. ![]() We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. Silver Spot Price Silver Price Today Change Silver price per ounce: 22.66 +0.84: Silver price per gram: 0.73 +0.03: Silver price per kilo: 728.54 +27. ![]() We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors.
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