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jazzz · 08-19-2008, 08:37 AM

What is a Market Order?

This order is the most common order in the forex world, and it is used by dealers in order to trade instantly – sell or buy –at the current market price. This order is used by traders interested to quickly merge with the market's steep rise, or to leave quickly when the market is at an extreme weakening trend.

What is a Limit Order?

If a trader wants to invest in the Forex market, but he would rather wait until the market reaches a certain value, with Finexo's sophisticated trading platform there is no need to wait.
Once the trader has access to the platform he can place a limit order, thus the platform will automatically make the purchase or sale if and when the moment the market reaches the value defined by the trader within the order. Furthermore, the trader can restrict his profits by setting a value in which the trade will automatically close (read below). As long as the conditions for the execution of the order were not met, the trader is free to cancel the order or make changes within it.

What is a Stop-Loss?

The trader can restrict his future losses by placing an order instructing the trading platform to buy or sell, the moment the market drops below the previously established price. Placing a stop-loss within Finexo's sophisticated trading platform decreases the risk for the trader, as the system will close the trade if the market value drops below the point defined within the order, thus limiting the losses.

What is a Trailing Stop?

Finexo's advanced trading platform provides the trader with the trailing stop: a unique tool, that goes far beyond the regular stop-loss. Placing a trailing stop order means that as the market rises, the stop will follow the trend, setting itself higher than the trader's initial investment. This exclusive tool guarantees that the trader will always keep a position higher than the original, thus fixing his profits and restricting his losses automatically.
Therefore, the trader saves himself the need to be updated about the fluctuations of the market – he is assured that he made a profit, or in the worst case, that he did not lose.

What is OCO? (One Cancels the Other)

The traders of Finexo's advanced trading platform can use all kinds of orders at the same time, yet the execution of one order does not necessarily imply a cancellation of the rest. Placing an OCO order establishes that the execution of one order will mean the cancellation of the others belonging to that same position, allowing the trader to start over and place new orders.

08-19-2008, 08:37 AM	#2 (permalink)
jazzz Junior Crapper Join Date: Jul 2008 Posts: 74 My Mood: Thanks: 0 Thanked 1 Time in 1 Post	Re: Contribute free forex tutorials here.... What is a Market Order? This order is the most common order in the forex world, and it is used by dealers in order to trade instantly – sell or buy –at the current market price. This order is used by traders interested to quickly merge with the market's steep rise, or to leave quickly when the market is at an extreme weakening trend. What is a Limit Order? If a trader wants to invest in the Forex market, but he would rather wait until the market reaches a certain value, with Finexo's sophisticated trading platform there is no need to wait. Once the trader has access to the platform he can place a limit order, thus the platform will automatically make the purchase or sale if and when the moment the market reaches the value defined by the trader within the order. Furthermore, the trader can restrict his profits by setting a value in which the trade will automatically close (read below). As long as the conditions for the execution of the order were not met, the trader is free to cancel the order or make changes within it. What is a Stop-Loss? The trader can restrict his future losses by placing an order instructing the trading platform to buy or sell, the moment the market drops below the previously established price. Placing a stop-loss within Finexo's sophisticated trading platform decreases the risk for the trader, as the system will close the trade if the market value drops below the point defined within the order, thus limiting the losses. What is a Trailing Stop? Finexo's advanced trading platform provides the trader with the trailing stop: a unique tool, that goes far beyond the regular stop-loss. Placing a trailing stop order means that as the market rises, the stop will follow the trend, setting itself higher than the trader's initial investment. This exclusive tool guarantees that the trader will always keep a position higher than the original, thus fixing his profits and restricting his losses automatically. Therefore, the trader saves himself the need to be updated about the fluctuations of the market – he is assured that he made a profit, or in the worst case, that he did not lose. What is OCO? (One Cancels the Other) The traders of Finexo's advanced trading platform can use all kinds of orders at the same time, yet the execution of one order does not necessarily imply a cancellation of the rest. Placing an OCO order establishes that the execution of one order will mean the cancellation of the others belonging to that same position, allowing the trader to start over and place new orders. __________________ To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.