What are the main forms of foreign exchange trading

Foreign exchange pending single of these four modes:

buy limit: buy limit, in the current price below the hanging buy orders, that is, low do more

If you think the exchange rate down to x price level will be upward rebound, you can do more in the price of x, when the price goes to the x price level of the system will be automatically closed.

buy stop: buy stop, hang a buy order above the current price, that is, the breakthrough to chase more

If you think the exchange rate rose to x price level will determine the upward trend, continue to go higher, you can do more at x price, when the price goes to x price level when the system will automatically closed.

sell limit: sell limit, in the current price above the sell order, that is, high short

If you think the exchange rate rose to x price level will be downward rebound, you can do short in x price, when the price goes to x price level when the system will automatically closed.

sell stop: sell stop, hang a sell order below the current price, that is, the breakthrough chase short.

If you think the exchange rate down to x price level will determine the trend of decline, continue to go lower, you can do short at x price level, when the price goes to x price level when the system will be automatically closed.

When an investor makes a pending order on Forex, he or she chooses the corresponding pending order mode according to the purpose for which he or she wants to place the order.