Start your trade – Command Types

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Start your trade

Command Types

Market Orders

When we enter a Market Order, we will immediately buy or sell a currency pair at the last market price. The execution of the results of this order at the opening shortly after a trading position. As shown in Figure, the price of “buy” and “sell” cannot be changed The price you get depends on when you click on the Buy or Sell button to confirm the order.

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Currency pairs are bought at ASK prices and sold at BID prices. The order to stop losses and take profits can be taken for a market order. In most trading plans, these three commands can be done in a single command, without having to list three separate commands.

Delay Orders

When you enter a delay order, you are giving a specific instruction to the intermediary that you want to buy or sell a currency pair at a certain price that can be achieved in the future. This type of command is used to open a trading position when the comparative price in the future reaches that particular level.

There are four types of delay commands.

Buy Limit

This command gives a fixed instruction to buy and when the price of “ASK” in the future is the same as a predetermined value. This particular value, which is the desired purchase price, is lower than the current price. This type of order is usually applied to anticipate prices, which have fallen to a certain level, rise again.

Selling Limit

This command gives a fixed instruction to sell when the price of “BID” in the future is equal to that particular value. This particular value, which is the desired selling price, is higher than the current price. This type of order is usually taken to anticipate prices that have risen to a certain level, down.

Buy Stop

This command gives a fixed instruction to buy if and when the price of “ASK” in the future is equal to that particular value. This particular value, which is valued as desired Buy, is higher than the current price. This type of order is usually taken to anticipate prices, which have risen to a certain level, rise higher.

Stop Selling

This command gives a fixed instruction to sell if and when the price of “BID” is equal to a certain value. This particular value, which is the desired selling price, is lower than the current price. This type of order is usually taken to anticipate prices, which have fallen to a certain level, fall lower.

From these definitions, we note that we use the restrictive order for the trades we enter when we estimate prices to touch a certain initial price. And then turn to the profits. This estimate means that our particular starting price is the support level (“Buy Limit”) or a resistance level (“Sell Limit”).

Stop orders are used for the beginning of trading when we capitalize on a trend. Then estimate the price to touch a certain value and then continue in the same direction to make a profit.

 

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Forex Signal 30 is the best forex system since 2009 and has been used by thousands of traders from around the world to generate profit in forex trading. This system is created by our team of Brilliant Forex Signal Team, this system is made as simple as possible for beginner and professional traders.
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