The financial value of their assets is constantly changing, so managing these risks becomes an urgent necessity, and becomes very difficult, unless you are a large company that can employ people to work around the clock to manually manage open sites throughout the day.
In this context, order types come into service as they are tools that investors and traders in the Forex market use to passively manage their positions. These tools allow investors to ensure that the value of their transactions remains within certain limits even if the market changes around the clock!
Market order:
A market order is the most common type of order in the Forex market.
Simply put, it is just a teaching tool to buy something at the current market price, and we can compare it to the “Buy Now” button on the websites we use to shop online.
A market order is executed immediately when it is placed. The order automatically searches for the best price available in the market and places the order at that price.
Because prices change so quickly in the Forex market, your market order may be executed at a slightly different price than you intended.
Market order:
A market order is the most common type of order in the Forex market.
Simply put, it is just a teaching tool to buy something at the current market price, and we can compare it to the “Buy Now” button on the websites we use to shop online.
A market order is executed immediately when it is placed. The order automatically searches for the best price available in the market and places the order at that price.
Because prices change so quickly in the Forex market, your market order may be executed at a slightly different price than you intended.
أمر حجز الأرباح:
تكون أوامر حجز الأرباح عادةً تعليمات لإلغاء موقف مفتوح طويل، أي للبيع. تحدد هذه الأوامر الشروط التي يجب تحقيقها قبل أن يتم الإلغاء.
كما تتيح هذه الأوامر للمتداولين تحقيق أرباح في سوق تتغير فيه الأسعار بسرعة ويمكن أن تستغرق عملية وضع الأوامر وقتًا طويلًا.
Stop loss order:
A stop loss order is the opposite of a profit reservation order. However, it is used more widely in the markets than a take profit order.
This sets a downward threshold that the investor is willing to tolerate.
If prices fall, investors sell their holdings in order to reduce their losses.
Advanced Stop Rise Order:
An advanced stop-loss order is similar to a stop-loss order, but is more commonly used in the markets. The order sets a downside limit that the investor must be willing to take.
If prices rise above this limit, investors can sell their holdings with the aim of making a profit. It is worth noting that this moves with the market price, allowing the minimum price to be adjusted based on new prices.
Approved commands:
The Forex market also allows investors to create authorized orders, which means that an investor can place two orders at a time, and depending on market conditions, only one of them will be executed.
In addition, the placement of one order can lead to the placement of another order in the future. Approved orders are used to design complex algorithms that execute trades with minimal human intervention.
The Forex market is increasingly moving towards using artificial intelligence to execute trades, as many traders believe that this is the only way to deal effectively in a volatile market that operates 24 hours a day, 7 days a week!
Here we would like to emphasize that there is no optimal solution for all traders.
The choice between AI trading and human trading depends on personal needs, experiences and financial goals.
Moving towards using a combination of methods could be the ideal solution, as the advantages of AI can be leveraged in technical analysis and quick decision-making, while human trading can add social factors and holistic awareness to achieve greater trading success.
