dimanche 25 septembre 2011

Know what "orders" you are entitled

You will take something with your Pips?
The term "order" refers to how you enter or exit a trade. We speak here of the different types of orders that can be used in the foreign exchange market. Know the types of orders as are consented to your brooker. For the Brookers does' not always accept all systematically.The basic types of orders
There are some basic order types that all brookers allow you to use. Here are the most common:

      
Market order

      
Market order is an order to buy or sell at current market price. For example, EUR / USD is currently trading at 1.2140. If you want to buy at this price, you can simply do this by clicking "BUY" on your trading platform. If you are shopping on the net, like on Amazon.com, it's the same. The current price for you, you click once and it's yours! The only difference is you just buy or sell one currency against another instead of buying the latest CD of starac: D.
    
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Limit order

      
Limit order is an order placed to buy or sell at a price. The order essentially contains two variables, price and duration. For example, EUR / USD is currently trading at 1.2050. You want to start trading as soon as the listing will reach 1.2070. You can sit in front of your screen and wait until the price reaches that amount ... (when you click on BUY), or you can set a limit order, which will give the order to advance to buy a , 2070 (you can go and quietly to your tap class).

      
If the price rises to 1.2070, your trade platform will automatically execute a buy order at that price exact.Vous specify the price at which you wish to buy or sell a currency pair and also how long you want the order to remain active (GTC or GFD).


    
* Stop-loss order

      
Stop-loss is an order that gives a "limitation" to open a trade with the aim of preventing additional losses if the short-listing to your disadvantage. A stop loss will remain in force until the position is liquidated or you cancel the order to lessen the losses. For example, you made a long trade on the EUR / USD at 1.2230. To limit your maximum loss, you set a stop at 1.2200 your trade. This means that if you were in error and that the EUR / USD drops to 1.2200 instead of going up, your trade platform will automatically execute a sell order at 1.2200 and close your position for a loss of 30 PIP (whew!). The Stop-loss is extremely useful if you do not want to sit at your computer all day for fear of losing all your money.

      
Opportunities in order to verify your future ... brooker (optional)
    
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GTC

      
A GTC order remains active in the market until you decide to cancel. Your brooker not close your trade, even if it is too risky ... Therefore, it is your responsibility to remind you that you have an order to buy or sell programmed.
    
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SFM

      
A GFD order remains active in the market until the end of the trading day. As the Forex market is 24 hours, it usually means up to 17h GMT.
    
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OCO

      
An OCO order is a mixture of two boundaries and / or stop loss orders. Two orders with price variables and time are placed above and below the current price. When one of the orders is executed the other order is canceled. Example: The price of EUR / USD is 1.2040. You want to buy, or 1.2095 on the level of resistance in anticipation of a breakout or initiate a selling position if the price falls below 1.1985. So, if 1.2095 is reached, your purchase order will be triggered and the 1.1985 order of sale will be automatically canceled.
If you are comfortable with the command "core", sela ample enough to get by in Forex you

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