What Is a Buy Limit Order in Forex Trading? Definition, Examples, and Strategies

 For traders, forex trading can involve a multitude of tools to help them make smart trading decisions. Example of a tool are "pending orders". Pending orders allow you to set trades, ahead of time. It frees you up from needing to have your computer on and staring at the market all day long.


https://www.tradewill-global.com/blog/detail/158

Comments

Post a Comment

Popular posts from this blog

Why Closing Trades Too Early Is Killing Your Forex Profits

Image
  Envision this: You've just made a forex trade on EUR/USD, and within minutes, you've gained a net $15. Your heart is pumping as you behold the green figures on your display. But then your mind meanders to the scary scenario of the market turning on you and your flipping those green numbers to red. So you make like a baby and walk away with your small win, your precious gain. But then, in a nail-biting turn of events, you see the currency pair move in your favour for another 100 pips. What could have been a $150 profit is now a meagre $15 gain. Does this kind of close call with a substantial loss sound familiar? You aren't by yourself. A recent talk in Reddit's trading community unveiled a bitter fact: "We all look like we're gambling from a short video like this." This feeling reverberates throughout the forex trading society, where often it's emotional decision-making that trumps strategic thinking. The hard reality? One of the most profit-k...
Read more