Forex trading education - Future Order - Stop
This order functions similarly to the limit order, but in the opposite direction.
Utilization of this order is relatively rare and a portion of the brokers do not offer this option at all.
For example: Let's assume that the market price for trading of the currency pair EUR/USD stands at 1.3500.
A purchase stop order would be set above 1.3800.
A sale stop order would be set at below 1.3200
A trader can set a future stop order, which allows the trader, on the one hand, to enter the transaction in the direction of the market at the time when one of the limits is reached - 1.3800 or 1.3200, and on the other hand, provides the trader the privilege of performing the transaction when he/she is not inn front of the computer screen.
Whats Next?
* One cancels the other (OCO) order
Or go back to the education index
Utilization of this order is relatively rare and a portion of the brokers do not offer this option at all.
For example: Let's assume that the market price for trading of the currency pair EUR/USD stands at 1.3500.
A purchase stop order would be set above 1.3800.
A sale stop order would be set at below 1.3200
A trader can set a future stop order, which allows the trader, on the one hand, to enter the transaction in the direction of the market at the time when one of the limits is reached - 1.3800 or 1.3200, and on the other hand, provides the trader the privilege of performing the transaction when he/she is not inn front of the computer screen.
Whats Next?
* One cancels the other (OCO) order
Or go back to the education index
