Forex buy limit order
If I understand you buy, if I want to sell a currency pair above the current price I use Sell Limit, and if Limit want to buy that order again under the current price, which I guess is the same as close that order, I use Buy Limit? And also if I want to buy a currency pair under the the current price I use Buy Limit, and If I want to sell that order again over the current price, which I guess is the same as close that order, I use Sell Limit? If this is correct I then quess these two orders sell and buy, and buy and sell orders is completed. Limit and limit orders are just pending orders that will be triggered if certain conditions are met. If you order a Sell Limit to open a position and then set up a Buy Limit, it will close that position on triggering, but you can close the position before the pending order triggers and then it will open a new position in Buy direction. This article is quite explanatory, but a diagramatic representation is required. Does the broker know when we buy a pending order? Yes, they know about it. Also would I be paid if these orders are triggered? And what happens if they order not triggered or there is a reversal. Whether you would be paid depends on whether a position open buy closed with those orders is profitable or losing. If pending orders are not triggered forex will sit there until expiry if you set one or indefinitely. Can it remain pending before or order hours of trading? You can use these tags: Fill out the form below to signup to our blog newsletter and we'll drop you a line when new articles come up. Forex Newbies Forex articles tips tricks ebooks forex novice forex trader advice. Home Forum Tools Reviews eBooks About Contact. May 19th, at 5: January 21st, at 4: February 23rd, at 6: I have a few questions about pending orders. Kind regards Johnny Jensen admin Says: April 4th, at I hope it helps. September 13th, at 8: February 1st, at 1: February 1st, at March 24th, at 9: October 2nd, at 7: October 2nd, at 8: September 1st, at 9: September 1st, at May 17th, at 6: May 17th, at 9: Tell us what you think about this article! Name required Mail will not be published required Website XHTML: FXBTrading - Premium Forex Trading Services to Limit and Partners Fri, 02 Jun How to use your favorite Forex Advisors and Indicators on FIX API Accounts. Wed, 31 May Fri, 26 May Sat, 13 May Subscription Fill out the form below to signup to our blog newsletter and we'll drop you a line when new articles come up. Featured Forex Regulations "No Commissions"? Forex trading involves a substantial risk of loss, and may not be suitable for everyone.
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