Traditional Culture Encyclopedia - Traditional festivals - How to operate the foreign exchange pending order transaction

How to operate the foreign exchange pending order transaction

1, whether buying or selling, as long as it is a stop loss, it must be a continuation of the trend; Similarly, whether buying or selling, as long as it is a limit, it must be a trend reversal. Therefore, stop loss can be regarded as the continuation of the trend, and limt can be regarded as the reversal of the trend when the order is pending. This way, you won't choose the wrong type of pending order when you wait.

2. It should be noted that traders will stipulate that there must be a certain price difference between the pending order price and the market price.

Investors need to have a deeper understanding of the types of pending orders, master the trading skills of pending orders skillfully, and practice pending orders on the simulation platform to avoid financial losses caused by wrong operations.