Check the market condition on the chart and start trading with a fresh buy or sell when the Forex firm account is opened and the funds (margin) are deposited.
There is just one method to sell and settle after purchasing or to purchase and settle after selling in Forex, but there is no way to know what sort of order to issue or what kind of deal to conduct.
There are numerous sorts of ordering methods, including buying or selling quickly at the exchange rate at the time you believe it is here, and setting the price you want to purchase and sell in advance.
There are a variety of ordering methods available in Forex, and the quantity and types available vary based on the Forex firm, but the following six are relatively traditional ordering methods that practically all Forex companies may issue (There are differences in how to call them by each company).
1.Market order (Naruyuki chyumon)
2.Limit order (Sashinechyumon)
3.Stop order (Giyakusashi Chyumon)
4.OCO order (O-shi-o-chyumon)
5.IFD order (Ai-efu-de-chyumon)
6. IFO Orders
You will not need to continually glance at the market if you understand the mechanism and features of these six ordering techniques, and you will be able to safeguard the minimal investment fund even if the market swings in the opposite direction of your beliefs.
Market orders, limit orders, and stop orders will be introduced here, and the remaining OCO, IFD, and IFO orders will be covered in depth in the following episode.
