The most important step is placing an order, and every trader is most concerned about his or her own order.
So, is the market price of direct order, or “appointment trading” good?
There are two kinds of orders, market order and register order.
For most part time traders, hanging orders help us a lot in terms of time and money.
We must fill up the invoices.
So will share how to better control.
Listing trading can be used for homeopathic and contrarian trading.
There are two main types of stop – loss orders and limit orders, which are applied to trade with the trend and trade against the trend.
Homeopathic trading + Stop-loss orders Homeopathic trading emphasizes chasing gains and selling losses, so the corresponding pending orders will naturally buy above the high or sell below the low!
This is also called a stop-loss order.
A stop-loss order is not a closing order, but a breakout trade.
Stop loss orders are divided into buy stops and sell stops.
Buy stop loss, that is, buy at a higher price than the current price.
Used for a one-sided uptrend.
Where to set the price, you need to find resistance levels.
Through the ZigZag indicator, the trendline channel is combined with the Fibonacci pullback line.
Stop-loss long orders are set above resistance levels.
In fact, buy stop loss is a kind of homeopathic trade in the breakout trade.
Sell stop loss, which means sell at a price lower than the current price.
Used of a one-sided downtrend.
Where the specific short order is set, the stop loss order is set above the support level with the help of the support level.
The way to find support is the same as resistance, the ZAG indicator, the trend channel, and the Fibonacci pullback line.
With that said, let’s talk about the counter – trend trading in order – limit orders.
Contrarian trading + Limit order Contrarian trading is selling high and buying low before the price reverses.
The way to suspend an order is to find an effective low and high.
Buy before the low, sell before the high, corresponding to the limit order.
Limit orders are divided into buy limit and sell limit orders.
A limit call is a purchase below the current price.
Where to place an order for a reversal applied to the bottom?
Limit buy orders are set above the support level based on the support level.
A limit sale is a sale at a price higher than the current price.
Applied to the top reversal trend.
Limit sell orders set below resistance levels.
You need to find the resistance level according to the AIDS.
The introduction of stop-loss orders and limit orders for the two main order types has been concluded.
In fact, in trading, whether the market is going in or out determines whether you use a stop-loss trade or a limit trade.
But there is still some chance that the market will end up doing what you expect.
Therefore, order trading should also set a stop loss.
Order trading is only a way to save time and narrow the slip point trading tool.
In fact, the key to success or failure of a trade is to follow the trend and identify support and resistance levels.
For trend judgment, you can refer to fundamental information, trend lines and channels, trend index, K-line form, etc.
Support and resistance levels can be controlled using all indicators or technical forms that can determine highs and lows, as well as Fibonacci tools.
