Are there any brokers who let your Buy limitations to get filled in the bid and vice versa for Economy limits in the ask ?
Thanks.
Are there any brokers who let your Buy limitations to get filled in the bid and vice versa for Economy limits in the ask ?
Thanks.
For a Second FORGET Sell Buy. Think about Stop Limit.
Only note a STOP order is a continuation commerce. To put it differently, the trader is anticipating if the price of the underlying asset gets to that price of this order, the underlying asset will continue to proceed in the path it's been traveling.
Now, a LIMIT order is a change or pull back commerce. To put it differently, the trader is anticipating if the price of the underlying asset gets into the price of this order, the underlying asset will turn around and being moving in the opposite direction which has already been traveling.
So,
If you think the underlying asset That's Been going up will continue to move upward past the order price - set a Buy Stop (long commerce)
If you think the underlying asset That's Been going down will probably continue to move downward past the order price - set a Sell Stop (short commerce)
If you think the underlying asset That's Been going up will reverse and move lower than the order price - set a Sell Limit (short commerce)
If you think the underlying asset That's Been going down will reverse and return up higher than the order price - set a Buy Limit (long transaction)
Good day,l am new to the forex trading and it appears interesting. I've read a couple posts in the forum regarding buy limit/sell limit/buy stop/sell limit-to me as a beginner it is so confusing, can someone clarify these terms to me in lay man terms.I have begun training with a Demo account and thus far l'm coping. Will appreciate if someone can shed some light together with the significance of those terminology
Due
K
@Kippie it has been clarified great in the others simply read the previous page. It sounds a bit complied at first for everybody but do not worry its easy once you receive it.
@metta87 I doubt There Are such brokers
Cheers
Nice to see, you got your answer! By the way now I utilize pending orders in my personal trading! Because it will help me to get additional pips in my personal trading!
Folks I am attempting to trade in forex, and I have noticed a big effort to help our friend, as I am also a newcomer and trying to understand those concepts, allow me to tell you why I did not get it.
Let us take an example of the base price being 1.400
A BUY LIMIT makes sense to me
The price is dropping and I expect it will increase, therefore and I state into the market:
If the price falls to 1.350, BUY at that point and TAKE PROFIT at, say, 1.490
I take afterward a profit!
A BUY STOP makes sense to me
The price is raising and I expect it to keep raising, therefore and I state into the market:
If the price raises to 1.450, BUY at that point and TAKE PROFIT at, say, 1.500
I take afterward a profit!
Today, a SELL LIMIT doesn't makes sense to me
The price is raising and I expect it will drop, so I say into the market:
If the price raises to 1.450, BUY at that point and TAKE PROFIT at what? 1.350???
Where's the profit?
A SELL STOP doesn't makes sense to me
The price is dropping and I expect it will keep dropping, and I state to the market:
If the price falls to 1.350, BUY at that point and TAKE PROFIT at what? 1.300???
Where's the profit?
I expect to place SELL orders only when you have bought something, nevertheless in the FOREX market you create a trade expecting to buy and sell on precisely the same operation, as I know it. Therefore, where is the logic of SELL STOP and SELL LIMIT?
Folks, I am sure that this is my perception being wrong, so please will you help me here?
I see, you already got your answer on pending order system! Basically, pending order is useful for the part time traders! However, I am a complete tine trader and typically I don't use pending orders within my live trading.
Sell Stop is a set pending order under current market price.Originally Posted by ;
It's actually really simple. A buy limit order would be an order to buy the market at a price below the current price. A buy stop order would be an order to buy the market in a price above the current price.
It's just the inverse with sell orders.
A sell limit order would be an order to sell the market in a price above the current price. A sell stop order would be an order to sell the market at a price below the current price.
That is all there's to it.