Forex On Demand

Foreign Currency Trading

Professional Currency Trading Accounts
  • Home
  • Currency Trading
  • ForexTerminology
  • Market Order Types
  • Technical Analysis
  • Reading Charts
  • Fundamental Analysis
The forex market Why currency trading Opening an Account Calculating Profit & Loss Currency trading articles Selecting Broker
Pips and Ticks Currency Trading Quotes Leveraged trading and margin
Placing Orders Market Orders Limit Orders Stop loss orders Take profit orders Trailing stop orders Entry Orders
Technical Analysis Understanding charts Line charts Bar charts Candlestick charts Point & Figure Charts Long & short positions
Trend types Uptrends Downtrends Sideways Support resistance Triangles Head shoulders Tops bottoms Flags pennants rectangles
Fundamental Analysis Major Indicators
Trader Application
The leading independent currency trading platform.
Get it now for free


Goverment Policies

  • Fiscal policies
  • Monetary policies
  • Reserve requirements
  • Discount rates
  • Open market operations
  • Exchange rates
  • Intervention
Currency trading articles

Foreign Currency Trading Limit Orders

This is an order to buy or sell currencies, where the trader specifies a certain sum, which is the minimum requirement for the trade to be executed. Limit orders should be used when you want to place orders at higher or lower prices than the current currency trading price. This order is useful if you expect the currency to behave a certain way, and rise or drop substantially in currency online trading.

In limit orders the currency trading participant chooses the price to place the limit on, and the duration the trade will stay active.

There are two types of limit orders:

  • GTC, or a Good till cancelled order: This is a limit order that stays relevant until cancelled by the trader.
  • GFD, or a Good for the day order: This limit order stays active until the end of the trading day. This is usually set at 12:00 GMT.

Placing currency trading Limit orders can be a bit confusing and can involve many factors, so make sure you understand how to place it the best way possible.

Buy Limit Orders are marked below the current currency price, to make sure you buy the currency in a figure which is lower than the usual currency price. Subsequently, sell orders are placed above the current currency price to make sure you sell the currency with a profit. In a limit order the trader specifies the price to buy/sell the currency pair, and also the duration for the order to stay active.

When you trade with currency trading stop loss and limit orders at the same time, an OCO (order cancel order) should be placed as well, to make sure one of them is cancelled if the other is reached.

Posted by Paul Sander


News

20/07/11
State Street Cuts 850 Jobs After Earnings Miss Estimates
http://www.businessweek.com/
20/07/11
Caixin Online: South China Sea energy riches beckon
http://www.marketwatch.com/
20/07/11
Earnings Preview: Philip Morris Int'l
http://news.yahoo.com/
20/07/11
Coca-Cola’s Results Are Lifted by Overseas Business
http://www.nytimes.com/
Getting Started?

Getting Started?


Download our forex trading software - Receive a FREE Demo account by Easy-Forex.com
Apply Now
Forex Pro Account

Forex Pro Account


Get your pro account with exclusive benefits such as instant deposits, fixed spreads, continuous quoting and more!
Apply Now

Free Tools

Forex Currency Converter Forex Currency Converter
Forex Pivot Point Calculator Forex Pivot Point Calculator
Forex Margin Calculator Forex Margin
Calculator

ICTS Currency Trading Presentation


Forex Video Presentation

Watch our step by step video presentation. An introduction to the ICTS foreign currency trading platform.

Watch Presentation

Home  |   Contact   |  Catalogue   |  Content Finder
Privacy declaration  |   Copyright information  |   Disclaimer  |   Terms of use
Copyright © 2014 ForexOnDemand.com. Foreign Currency Trading. All rights reserved.