Let's go in DETAIL: The different pairs of the foreign exchange market are part of the CFD category "CFD" It is necessary to understand the cycle of a contract for difference. CFD trading consists of two critical phases: the time of entry and time of exit. - Entry : The exact moment in which we enter a trade: it may be buying or selling and there are different types of tickets that will be explained in later chapters. -Exit :The price will have already moved, either in our favor or against us, our goal will be to close either with profits or losses. Forex is very different than stock we don’t have a portfolio of shares.
HOW TO UNDESTAND THE DIFFERENT TYPES OF ORDERS IN THE FOREX MARKET? ENTRY ORDERS ORDERS: MARKET EXECUTION This entry type allows us to get into a trade in the exact moment of the current price of the asset chosen. They are the most used. The instant execution will allow you to enter the market in one click. PENDING ORDER: LIMIT ORDERS This entry order is excellent for those looking for a better price. Although it takes a little more experience in advance. For example: If we want to buy on the assumption that the market price is 1.50 and consider finding a better price, we will place a buy entry order below the current price at 1.40 (or whatever we want ). If the price reaches this price, the buy order will be executed. If we want to sell, it works the other way.
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