When you trade with a foreign exchange broker, one thing forexrebateindonesia very important, that is, how to reasonably set Forexrebateking traders should be based on how you trade next, how you want to enter and exit to decide how to set cashback forexs improperly set orders will destroy your entry and exit points Today we will mainly talk about the most common types of foreign exchange orders  Forex rebate king orders  nbsp;This is the most common order type usually means that you want to immediately execute the order at the market cashbackinforex, the market price is the purchase and sale price displayed on the computer screen you can use the market order to create a new position (buy or sell), you can also close the existing position held (buy or sell) stop-loss orders Only when the specified price in the stop-loss order is triggered, the stop-loss Stop loss orders can also be used to create new positions or exit existing positions Stop loss buy orders are used to buy currency pairs at market prices once the market reaches the specified price or above the current market price; conversely, stop loss sell orders are used to sell currency pairs at market prices once the market reaches the specified price or below the current market price 1. Used to enter the market Suppose USD/CHF bounces back toward resistance and after analysis you think it will continue to rise if price breaks through resistance then you can set a stop-loss buy order a few pips above resistance, then you can make a potential upward breakout trade If price later reaches or reverses beyond your specified price level, then you can start going long If you want to trade on a Support level breakout to trade, then a few points below the support level and then set a stop loss sell order, when the price after reaching your specified price level or continue to remain down, you can start short 2. Stop loss orders are used to limit losses Every trader will have losses from time to time, what really has an impact on your trading is how much you lose before you enter the trade, you should One of the most effective ways to limit losses is to set up a stop-loss order in advance, often called a stop-loss level Suppose you are long USD/CHF, then you definitely want the exchange rate to go up in order to avoid uncontrollable losses, you set up a stop-loss sell order in the right place, then when this level is triggered, your position will be automatically closed to reduce losses Stop-loss orders can also be used to protect profits Once your trade is profitable, you may adjust the stop-loss order to protect part of your profits Assuming you do a long trade and generate a profit, you may adjust the stop-loss sell order from the profit zone to avoid the market inability to reach your specified profit target price In the same way, in short sales, if there is a profit, then you can also adjust the stop-loss buy orders to the profit zone to protect the existing profit Limit orders Limit orders have two kinds, one is you want to close the existing order, the other is you want to open a new position Limit orders can only be triggered when the market is trading at the specified or better price Limit buy orders are the market When the market reaches the price you specify or is lower than the current market price, buy the currency pair at the market price; conversely, a limit sell order is when the market reaches the price you specify or is higher than the current market price, sell the currency pair at the market price 1. The price bounces before hitting resistance and then continues to go lower, or bounces at support and then continues to go higher For example, according to your analysis, you think the price of USD/CHF bounce is unlikely to succeed in breaking through resistance, so you think the resistance level is near a good time to do short USD/CHF then you can set a stop loss sell order a few points below the resistance level, when the market reaches the specified price or The same logic applies near support levels for example you feel that the USD/CHF is likely to bounce higher near support levels and you want to take the opportunity to do more USD/CHF then you can set a limit buy order a few points above the support level and your order will be automatically executed when the market reaches the specified price or lower 2. Limit orders can be used to set your profit target Before trading, you should know where you want to close out your profits if the market trends favorably when trading Limit orders allow you to exit the market at a profit target set in advance If you are long a currency pair, you can use a stop-loss sell order to set your profit target If you are short, a stop-loss buy order can be used to set a profit target Be aware that these orders only If your broker allows you to get the different order types right, it is easier for you to use the right tools to reach your goals, how you want to enter the market and how you want to exit the market (profit or loss) There may be other order types, but market orders, stop orders and limit orders must be the most commonly used Please get used to using these order types, and you will only lose more if you dont execute your trades properly!