Orders in the platforms of operation of Forex.

ORDERS IN THE PLATFORMS OF OPERATION OF FOREX.

The orders are the actions that the Forex operator takes at the moment of investing on the foreign exchange market. These actions are those that they allow to the user of the platform to sell, buy, close operations, open them, etc. In this part of the article we will exhibit of that there consist the orders that can be used on having operated in Forex from a simply instrumental point of view. Without dominating the way of using these orders, that one that he invests in Forex will not be able to do anything, since there are a step so basic as to learn to walk.

The different available orders in the Forex platforms serve to open positions (to initiate an operation of sale or buy) or to close them, is immediately or when of a condition (for example, when the price of the pair in which it is invested comes to certain ceiling).

These orders of the platforms of Forex are:


Limit or “Limit“.

This order consists of the fact that the investor of Forex fixes a price in which it is bought or a certain pair of currencies sells automatically. In this order there is fixed a specific moment in which an operation will be opened in the Forex platform. This order can remain how long the investor wishes it, this way, it can leave it activates to close it manually when he considers it to be necessary or can programme it to close in a certain time period. After this one period, the order will be cancelled and it will not be already activated if the currency comes at the price that had been programmed.

This order is many utility on having operated in Forex. With her the investor can fix a price of the currency where I assured his profit or also this one can programme order so that it is activated in a certain price limit where it does not risk any more and stops losing money.

As regards the previous one, an extreme order can be programmed opened, without a ceiling of time in which this one should be cancelled. In this class of order, which is called “an order GTC” (good till canceled), the investor must be especially attentive to the moment in which this one will be activated and to look at the behavior of the market so that, to his judgment, he decides the opportune moment to close the operation.

On the other hand, an extreme order that is programmed to close in a certain time period does not demand so much attention on the part of the operator, so if it is not opposite to the computer operating while the operation is opened, this one will be cancelled in the moment for which to close was programmed.


Stop Loss, order to stop the losses.

This order is very similar to the extreme order, only that works in an opposite way: While in the extreme order there is fixed a price in which it is necessary to open an operation automatically, in the Stop loss order there is fixed a specific price in which the operation that has been opened must be closed.

This order also can be programmed to be activated during a certain time period or so that it remains until the Forex investor decides to cancel the above mentioned order.

There is called he an order of Stop Loss because his this utility in which it fixes a price in which the operator is losing money to close the operation. The utility of it consists of the fact that her to come to this ceiling and the order is activated, the operator prevents possibly from getting lost more money. An important advice to bear in mind with the use of this one order is that it is not necessary to fix prices of very narrow Stop Loss, since in general the market ranges and vacillates up to taking a definite direction, and often it happens that these oscilamientos activate the orders of Stop Loss, getting lost the possibility of profit when the tendency takes the wished direction as the one that opened the position.


Both orders at the same time:

There can be programmed the orders of limit and Stop Loss so that they work in the same operation. To do it, the order of Stop Loss is placed below the current price of the pair of currencies and the Limit order over this one I boast. This way, when one of two orders activates other one it will be cancelled. It is by it that to this order there is said to him OCO (Order cancels order). This way of operating is especially useful on having invested in Forex.

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