The DISTANCE FROM THE PRESENT PRICE IS AT LEAST 1 POINT WHEN THE OPERATION IS CARRIED OUT IN ORDER, THAT IS TO SAY, MUST BE LOWER THAN THE PRESENT PRICE OR higher than the present price, CANNOT be the same as the present price OF THE market.
And traders must also set effective stop-loss to complete the order.
If traders want to make better use of foreign exchange orders, then they must be clear about the four types of orders: 1. Stop loss purchase, which refers to a purchase order that is higher than the current price relative to the current price, is a chasing order.
2. Limit purchase refers to the operation order to buy the price order lower than the current price compared to the current price.
This order is set to buy (go long) at a lower price.
3, stop loss selling, refers to the relative price, lower than the current price of the order to sell the operation order, is a selling behavior.
4. Limit sell refers to the selling operation order of the price listing order higher than the current price.
Anyhow FOREIGN EXCHANGE LIST SHEET MUST WANT TO HAVE CERTAIN DISTANCE WITH PRESENT PRICE, CANNOT BE IDENTICAL WITH PRESENT PRICE, CAN CHASE RISE IN PRESENT PRICE UPPER PART DO MUCH, ALSO CAN BE IN PRESENT PRICE LOWER PART KILL FALL DO SHORT.
In ADDITION, depending on the STOP-gain and STOP-loss Settings, traders can vary a variety of order types to reach their own orders.