Home
Best trading positions
 
Press
Last player's articles
 
Ranks
Check top players
 
Partners
Buy a piece of PipsTycoon site
 
  • strekov killed a Rammer Beetle with a value of $0.04
  • Rindra killed a Small ghost wolf with a value of $0.04
  • strekov killed a Rammer Beetle with a value of $0.04
  • Rindra killed a Small ghost wolf with a value of $0.17
  • motmoe killed a Crazed Chiwawa with a value of $0.04
  • strekov killed a Rammer Beetle with a value of $0.17
  • Rindra killed a Small ghost wolf with a value of $0.04
  • olddeath killed a Chicken with a value of $1.36
  • MerlinCat killed a Smelly Worm with a value of $0.04
  • Rindra killed a Small ghost wolf with a value of $0.04
 
   
davidesole
$52
Bitcoin
 
blue23
$40
Bitcoin
 
davidesole
$52
Bitcoin
 
davidesole
$53
Bitcoin
 
davidesole
$53
Bitcoin
 
More
 
 
 

Articles can be written only in English. All articles will be reviwed by our support team. Only articles about PipsTycoon economy / gameplay will be paid. Depending on the quality you can receive between $ 0.1 and...More
Articles can be written only in English. All articles will be reviwed by our support team. Only articles about PipsTycoon economy / gameplay will be paid. Depending on the quality you can receive between $ 0.1 and $ 1 for an aproved article. You can also address other topics such as financial news and tutorials but remember that only articles written in English with no spelling errors and quality content will be aproved. Less
 

Types of Forex Orders

Written by vchris 3 years ago
   Vote
 
The term “order” refers to how you will enter or exit a trade. Here we discuss the different types of forex orders that can be placed into the forex market. Be sure that you know which types of orders your broker accepts. Different brokers accept different types of forex orders.There are some basic order types that all brokers provide and some others that sound weird.
 
Market order

A market order is an order to buy or sell at the best available price.

For example, the bid price for EUR/USD is currently at 1.2140 and the ask price is at 1.2142. If you wanted to buy EUR/USD at market, then it would be sold to you at the ask price of 1.2142. You would click buy and your trading platform would instantly execute a buy order at that exact price.

If you ever shop on Amazon.com, it’s kinda like using their 1-Click ordering. You like the current price, you click once and it’s yours! The only difference is you are buying or selling one currency against another currency instead of buying a Justin Bieber CD.

Limit Entry Order

A limit entry is an order placed to either buy below the market or sell above the market at a certain price.

For example, EUR/USD is currently trading at 1.2050. You want to go short if the price reaches 1.2070. You can either sit in front of your monitor and wait for it to hit 1.2070 (at which point you would click a sell market order), or you can set a sell limit order at 1.2070 (then you could walk away from your computer to attend your ballroom dancing class).

If the price goes up to 1.2070, your trading platform will automatically execute a sell order at the best available price.

You use this type of entry order when you believe price will reverse upon hitting the price you specified!


Stop-Entry Order

A stop-entry order is an order placed to buy above the market or sell below the market at a certain price.

For example, GBP/USD is currently trading at 1.5050 and is heading upward. You believe that price will continue in this direction if it hits 1.5060. You can do one of the following to play this belief: sit in front of your computer and buy at market when it hits 1.5060 OR set a stop-entry order at 1.5060. You use stop-entry orders when you feel that price will move in one direction!

Stop-Loss Order

A stop-loss order is a type of order linked to a trade for the purpose of preventing additional losses if price goes against you. REMEMBER THIS TYPE OF ORDER. A stop-loss order remains in effect until the position is liquidated or you cancel the stop-loss order.

For example, you went long (buy) EUR/USD at 1.2230. To limit your maximum loss, you set a stop-loss order at 1.2200. This means if you were dead wrong and EUR/USD drops to 1.2200 instead of moving up, your trading platform would automatically execute a sell order at 1.2200 the best available price and close out your position for a 30-pip loss (eww!).

Stop-losses are extremely useful if you don’t want to sit in front of your monitor all day worried that you will lose all your money. You can simply set a stop-loss order on any open positions so you won’t miss your basket weaving class or elephant polo game.


Trailing Stop

A trailing stop is a type of stop-loss order attached to a trade that moves as price fluctuates.

Let’s say that you’ve decided to short USD/JPY at 90.80, with a trailing stop of 20 pips. This means that originally, your stop loss is at 91.00. If the price goes down and hits 90.60, your trailing stop would move down to 90.80 (or breakeven).

Just remember though, that your stop will STAY at this new price level. It will not widen if market goes higher against you. Going back to the example, with a trailing stop of 20 pips, if USD/JPY hits 90.40, then your stop would move to 90.60 (or lock in 20 pips profit).

Your trade will remain open as long as price does not move against you by 20 pips. Once the market price hits your trailing stop price, a market order to close your position at the best available price will be sent and your position will be closed.

 
   


     
  Cheaper food  
  Food now cost just 0.06 USD. Limited stock  
     
  Sand company fos sale  
  hello i sale sand company 501 shares make buy offer and i akcept or not  
     
  Shares for invest  
  hello i sell 50 shares for start sand company all money what i get i invest in  
     
  Invest money_where?  
  i want to invest about 20 usd but i dont see invest fund maybe somebody open?  
     
  Cheap shares hurry up  
  hello to sell 150 game shares at price 0.1 hurry up  
     
  Trade bitcoin open  
  helllo now you may come to buy or sell bitcoin join to invest your money  
     
  New company shares  
  hello for sale new company cars shares hurry up  
     
  Sand company  
  If anyone wants to buy sand, send me a message and I will open a sand company.  
     
  Buy shares  
  hello sold your shares on market  
     
  Good weapon  
  here you may buy good weapon better then on market  
     
  Safety job  
  all microjob here are checking by admi so its safety to join  
     
  Make microjob/get reward  
  come to make one of few microjob and get reward it easy and safe  
     
  Sale all my companies  
  Sale all my companies. Make me a offer  
     
  Ref for sale!  
  ALL MY REF FOR SELL! CHEAP PRICE! PM IF YOU ARE INTERESTED!  
     
  Buying a company  
  If anyone wants to sell 850 shares or more in a company for 12$ contact me.  
     
 


 
Home Work Market Trade Companies Politics Legal
Home Workplaces Food Stocks Browse Laws Terms of Use
Press   Wine Indices Open Company Bonuses Privacy Policy
Ranks   Houses Forex   Taxes Refund Policy
Partners   Cars Commodities   Budget Contact Us
    Clothes Cryptocoins     Site Map
    Jewelry Binary Options      
    Banks Investment Funds      
    Precious Metals My Positions      
             
             
 

Transactions in derivatives based on foreign exchange rates or the prices of precious metals, commodities or equity indices products carry a high degree of risk. Any transaction involving these products is exposed to, among other things, changes in a country's economic condition or political climate as well as acts of nature or terrorism - each of which may substantially affect the price or availability of the these derivatives. Speculative trading in derivate products is a challenging prospect with a high level of risk. You must therefore carefully consider your investment objectives, level of experience and appetite for such risk prior to trading these products. Most importantly, do not invest money that you are not in a position to lose. In addition, trading on a margin basis means that any market movement will have a magnified effect on your deposited funds. This can work against you as well as for you. The possibility exists that you could sustain a total loss of all the funds you have deposited. PipsTycoon's trading system is designed to automatically liquidate all open positions if your margin deposit is in jeopardy so that you cannot lose more than the funds you have on deposit in your account. We encourage you to employ such risk-reducing strategies as 'stop-loss' or 'stop-limit' orders, but you should be aware that market conditions may make it impossible to close out your order at the level specified. There are also risks associated with using an Internet-based trade execution software application including, but not limited to, the failure of hardware and software. ANNO1777 Labs maintains ‘back up’ systems and contingency plans to minimise the possibility of system failure. Before deciding to trade, you should become aware of all the risks associated with leveraged productstrading, and seek advice from an independent and suitably licensed financial advisor. Under no circumstances shall we have any liability to any person or entity for (a) any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to your trading operations any direct, indirect, special, consequential or incidental damages whatsoever.

Copyright 2014 - 2015 ANNO1777 Labs. All rights reserved.