Entering Trades in Forex

[fatherroyalty]

Five major trade entries to know

When we are trading Forex we have to be aware of how to enter trades

1. Market execution
   On this one you are placing your order at the current market price whether it's ask price or bid price

2. Buy stop
   This one you are placing your price above the market price and you expect that when we reach that price level we buy and the price continue to rise.

3. Sell Stop
   This one you are place a sale price below the current market selling price expecting the the price will go low and we sell and still continue to go low.

4. Buy limit
   This one you place you price below the current market price and make it as a floor price so that when you reach the epicenter you buy and the price changes direction going up

5. Sell limit
   This one you place you price above the selling price as a ceiling so that when you reach it the price changes direction and start going down

These are 5 major entries which we have.

Comments

[dwcp]

The articles are very recent.