ADVANCED ORDER TYPES
The key to an effective portfolio is to manage your order entry, to buy and sell at the right time and to leverage positions and market movement. Conditional orders allow you this flexibility and opportunity.
Completely Control Conditional Orders
Creating automatic sell and buy instructions for advanced trading order types allows your portfolio to automatically submit orders at your discretionary requirements without you having to watch the market all day.
Create Detailed Trailing Stops
Not all conditional orders are based on a set price at which to sell---some investors want to sell their positions when they show indications of being over or undervalued by the market. Trailing stops are a type of conditional trade order that allow you to set the criteria for your trailing stops easily and effectively.
Utilize Complex Option Strategies
Options aren't always about simple puts and calls. Sometimes, complex options are used as an investment strategy. Firstrade makes it easy for investors to create Spreads and Straddles.