Have we ever noticed that when we do a good deal, it is to buy or sell, the actual language is full we do a purchase order or a broker sell order. Why called to ? because the broker itself is only an intermediate trader with market, the broker is what pushed on orders or order to sell us on the foreign exchange market is large purchase.
However, in practice, not all commands have a window of time in fulfilling While for this forex trading order was divided into 2 types: instant execution and the order on hold. In the language of the rough when we buy things we can buy directly there at the time or ordering goods especially in forex expecting dulu.Karena regardless of whether or not the products, but changes value then the orders refer to the value / cost.
instant execution means that we buy / sell / open buy / sell the open position at today's prices are the prices on the market right now. While waiting means that we booked for buy / sell / open a buy position / opening a short position at a price to suit our wishes.
Moreover, the pending order is divided into two, namely order Limit and Stop the order .
Limit orders are for purchase at a lower price than now, or to sell at a higher price than the current price in the hope of buying at low price and sell at the highest price possible.
Stop orders are for buying a higher price than assuming now after the market touched the limit of a certain price, the market will continue increase, or sell at a lower price than the current price with expectations when the market touched the limit price we put on the market will continue to fall.
Concepts limit orders and orders in progress:
example if price EUR / USD is now 1.3500.
By using MetaTrader default this type of order for immediate enforcement, so if we do buy and sell without changing the type controlling the price we got was 1.3500 .Artinya we buy or sell at the current price.
If, when we predicted that although the EUR / USD would rise to 1.3700 but will drop to 1.3450 first then we could book to buy / open limit purchase at 1.3450 price so that if the EUR / USD may be justified rose to 1.3700 then enjoy more than if we bought directly at the price of 1.3500
or if we believe that EUR / USD will move up to 1.3700 if it can affect the price of 1.3550 then we could buy book / buy stop order at a price of 1.3550.
to also otherwise if we predict EUR / USD would fall.
But in the gasoline we use limit orders if we assume that the price will rebound first at some point before moving length. In addition to the use of stop order if we assume that prices will go even further if it hit certain prices.
This overview of the kind of forex trading system, can add insight trader colleagues gentlemen in particular, are still under consideration, Knowing their orders pending, we can negotiate not just simply using current prices. Because we could one day there is an urgent need that requires us to leave the computer, while today we have not opened the position .In these conditions, we can use this current command.
Comment using waiting to is the command window , change the type of order becomes a pending order, like this:
Good luck with forex trading means that any other order ..