Forex
 
 
Home
About us
Forex Resource
What is forex  
How does forex works
FAQ
New to forex trading
Technical Analysis
Fundamental Analysis
Major Indicator
Forex vs Stocks Market
Forex Glossary
Contact us
Sitemap
Currency Converter
Others**
Domainji.com  
Snaidu.com
Snaidu.us
Ommail.com
**
 

Informative Articles**

How Many Forex Order Types There Are and How to Use Them In Your Favor.

Once you have decided to enter the Forex trading world, one of the first things you will have to do is downloading the trading station provided by your chosen forex broker for free. When you open your trading station software, you will find there are two main ways to enter a market or, said in another way, there are two ways to place an initial order to buy or sell any currency pair.

“Market order”; this is an order to buy or sell a currency pair at the market price the instant that the order is received and processed (within seconds of hitting the "OK" button on your screen). When a market order is placed, you are simply saying "I'll buy or sell the currency pair at whatever price it is at when my order gets processed."

“Entry order”; this is an order to buy or sell a currency pair when it reaches a certain price target. This can be any price in theory. You could set an entry order for the low price of a time period, or the high price of a time period. As an example, one usual recommendation is that you must always set an entry order to be the same price as the ‘open price” of the time period. When you place an “entry order” to buy, for example, you are simply saying "I want

to buy this currency pair at a certain price, if it never reaches that price, I don't want to purchase the pair."

After your “entry order” is placed, you can set a stop and/or limit order if you desire, and for your own security. Stop and Limit orders are two different ways to exit a trade, automatically (i.e., without closing out your position via the click of your mouse - manually), after the trade is entered.

A “stop order” (something I will always recommend you) is used to stop losses. A “limit order” (recommended if you can't monitor your open trade) is used to redeem profits. Where these orders are placed, in relation to your open trade, depends on the direction of the entry order.

Remember; a “stop order” is always placed below the current market value of that currency pair when you are in a long (buy) trade. And a “limit order” is always placed above the current market value of that currency pair when you are in a long (buy) trade.

About the author:
Adrian Pablo; Forex trader and freelance writer

http://www.1-forex.com



 
Financial Trading - so many markets, so little time
Would you like to make money from trading but don't know how to trade? Have you heard of others making a killing on the markets and wished yourself in their position? Trading covers a multitude of sins, or at least a multitude of markets....

Forex trading for the little guy
Since alot of these systems are dealing in Forex, we thought that we should provide a overview of what "Forex" is. The FX Market Structure The foreign exchange market is the generic term for the worldwide institutions that exist to exchange or...

Forex Training Follow Your Gut or Your Broker
Which way will the forex market move? Do you just follow your gut feeling? Or do you have Neo's sixth sense that would let you be one with the market and feel the underlying currents. Trading forex is a non stop action movie but a good one, where...

Gold-MiningStocks.com Reports – Industry Expert Forecasts for Gold Stock Investment Strategies
Gold-MiningStocks.com Reports – Industry Expert Forecasts for Gold Stock Investment Strategies Economic Indicators for Gold Stock Investors to Consider: Currency Fluctuation, Production Costs, and Exploration Activity POINT ROBERTS, WA,...

What's the Difference of Trading Mini Lots Vs. Full-sized Lots in Forex.
In Forex trading there is something called, a Mini Account, and it uses a different leverage calculation than a regular (100k) account. This is, instead of trading full-size currency lots (100,000 units), you'll trade in lots that are just 1/10...

 
Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest / trade in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading.

**
The Views and opinions represented in the provided website links and resources are not controlled by the Referring Broker or the FCM.  Further, the Referring Broker and the FCM are not responsible for their availability, content, or delivery of services.