Types of trading orders – Free Training Course in Forex- Lesson 14

Are you a veteran trader ...

Yes, I am well ...!!

If you do not follow your breeze and design a system for your trading orders using market orders in all times of trade , they are very useful and have the ability to cope with breakdowns interruption connect to the Internet or computer malfunctions, you will not miss profit opportunities, and protect you from danger.

market orders or (Orders) is an expression indicating a set of commands that you will enter into your trading platform with the brokerage firm.

Here we will discuss the different types of applications that can be placed in the foreign exchange market, and you must know that the orders differ from one brokerage firm to another, so  choose what fits your trading!

So please register for a demo account and download any trading training program suits you to carry out orders ...

Transactions orders ..

The trading platform for the brokerage firm will provide you with all market orders to provide implementation and immediate termination of the transactions and the program provides all types of trading orders that the trader needs, including ..

Orders	What is the function of this order?
Market Order	Open a transaction
Entry Order	Putting a hold transaction on waiting
Limit Order	Putting a profitable goal for the transaction to close it automatically
Stop Order	Putting losses stop for the transaction to close it automatically
Close Position	Closing the transaction  manually
Hedging	Opening two transactions , first purchasing, and the second selling in the same time on the same currency…

 

Market Order:

To open transactions (buy or sell) in the currency pair at the current price directly from influential trading prices.

Simply go to the window screen trading prices and click by a mouse on the price of the currency pair, whether buying or selling transaction is performed as follows:

Market Order, this opens up the deal in the immediate time during trading, and after clicking on the price, you will see a dialogue box tells you to enter details of a new deal for the pair, both the size of the contract Amount, and to clarify the type of transaction, whether Buy Sell.

It displays the choices in the implementation of the deal At Best Price itself or canceling it if the price moves and went for another unrequired  price Market Rang, and this very excellent entry price required efficiently and not to carry out any orders on Undesirable prices.

Note that the price shown on the screen from time to time, and if the market moves, the request will not be implemented

As we mentioned just for you.

Market Range = means the real price

* Use this order to specify your request , select real price number in the range by points.

Example: If you put the number 5, the price will be implemented in light of only 5 points but more than that it will not implement the demand and this style is favored by account managers to manage money successfully.

Entry Order

This means that we buy or sell at the current price, and is commonly used to automatically open the deal if the price reaches the entrance to the command will be executed automatically when entering and asking price.

Example: we see euro/ dollar price 1.47000 and you think the price will go to 1.47720 to continue its downward trend so you enter the order  Entry Oder sale as a matter of hanging in wait in the price of 1.47720 and then select the price you want, whether the closing price with take profit or stop-loss and it performs sparkling, with the possibility of modification at any time to these orders or deleted before they are implemented.

How do I close the deal /Close Position:

To close the deal, this is a very simple, all you have to click the mouse on the price in the box under the Close ticket deal inside the open window in the open position and the closing of the transaction and will be as in the example 1.47758 price is the closing price.

closure Confirmation window will appear directly to make sure you, do you really want to close at this price!

Press OK to close the deal by clicking it the deal closes and go to the closed positions window.

Stop-Loss Order

This is very excellent, especially those who wish to manage money properly, and this is inserted through the introduction of price limit losses if the market reaches that price will close the deal automatically for the reduction of losses so as not to worsen the losses too much and caused greater losses can be adjusted these requests or canceled at any time.

* If your order in a way that initially the market Order of the current price, here you can enter a stop-loss price directly to the " deal ticket " abroad under the STOP box on the open deal in the window of the open positions.  

After the introduction of the stop price , you'll find it was written on the box trading programs under the STOP

You can modify or change at any time.

* But if you order in a way that initially Entry Order of the expected price to be reached.

Price is entered on the stop-loss trading program by clicking on the "Advanced" and then select the stop price you want to STOP.

* We recommend: choose touches stop loss positions with a distance of not less than 7 points so as not to close the deal quickly because the market is constantly moving.

Limit Order

Introduction price of taking profit is very important for a veteran trader who does not want to overtax his temper, all he does is putting an end to take profit when the asking price and leaves his computer, and come back to see his deal after closing at the end of profit.

* If your order in a way that initially the market Order of the current price, you can enter here limit order of the profit, it works the same way as "stop-loss" but introduction under Limit box to take profit of the deal.

* If the order in a way that initially Entry Order of the expected price to be reached.

Price is entered on the stop-loss trading program by clicking on the "Advanced" and then select the price Take Profit Limit as you want.

Hedging

Hedging means that you open a deal to buy and sell transactions for the same currency pair at the same time.

When should I use the hedging?

it Is performed on transactions in the markets of long-trapped.

How do I start a Hedge deal?

For example, open the deal to buy 1 lot valued at 10,000 units in the EUR /USD

Then open the deal to sell 1 lot of Euro/USD

Now that you have two deals to buy and sell the other for the same pair as you can see in the box "S / B"

If the pair inclined you will have a profit in the deal and the loss of another deal equally with "a difference Spread" and you can see the required margin in the box Usd Mr window in the account, and since you have two transactions in the hedging, the margin requirement is $ 1,000 just because you are in the Hedge on the same currency pair that treated as a single transaction without additional expense margin.

How do I close hedging deals?

Simply use market orders of stop losses and profit limits on each of the two deals hedging It is better to shut down each of the two deals buying and selling separately.