Foreign exchange orders
- 8월 24, 2017
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Foreign exchange orders
Because the exchange rate fluctuates from time to time, the current exchange rate may not always be the price that the trader wants to trade, and in the situation where the movement of the exchange rate can not be ascertained during business or out of business.
To place an order at the current exchange rate, you should always keep an eye on the FX charts on your computer, tablet PC, or smartphone until the desired timing is reached.
Designated ordering is a very useful ordering method in these situations.
Pending Order
It is a pre-order method in which an order is automatically entered when the actual exchange rate reaches a predetermined point after pre-setting the point where the order is desired to be concluded.
It is a frequently used ordering method in FX trading because it is possible to deal with situations where the movement of the exchange rate can be predicted and the chart can not be confirmed if the order is made in advance.
In the case where the counterparty order is not matched with the price specified by the investor, the investor is advantageous to the investor because the investor does not conclude the price at a price lower than the designated price. However, There is a drawback that it may not be fastened.
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