Examples of using Conditional orders in English and their translations into Slovak
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Why set conditional orders?
Technical details concerning the creation, modification and removal of conditional orders.
How to set conditional orders?
The conditional orders topic is covered in two sections.
Why to set conditional orders?
With an explanation of reasoning behind the main types of the conditional orders available.
In that case, one may consider the conditional orders that will allow one to take advantage of this situation and either.
Print How to set conditional orders?
Conditional orders allow one to react automatically to several possible scenarios of future development of a situation on the market.
Print Why set conditional orders?
Once the conditional orders are set they can be modified or removed by the trader till the moment they are executed or automatically expired.
The most popular types of conditional orders include.
Conditional orders can be of interest whenever the trader has a specific expectation in respect to the future development of a situation on the market.
In order to take advantage of such movement using the conditional orders, it is possible to set them in both directions.
Conditional orders are orders that are executed automatically, once the price on the market reaches a specific level set by the investor.
Basically, the trader can be interested in the Buy Stop andSell Stop conditional orders whenever he/she expects the market to break out of the current price range, and continue the movement in that direction.
For the conditional orders listed below, the minute will mean minute to start checking condition, not minute when condition is checked(if you set a condition in the first minute, it could happen in the 89th minute for instance as the event will be checked all game, rather than just in the 1st minute as it would have been before).
If the trader is trying to set the conditional orders above the current market price, the choice will be between„Buy Stop”,„Sell Limit” and"Buy Stop Limit" at the given price level- as in the example below.
Defining new conditional orders involves setting the order type, activation level and the volume of trade- it can be initiated directly from a chart.
The idea behind the conditional orders is simple- the trader has a possibility to define precise conditions that should be met, in order to open a new position on the market.
Basically, Buy Limit and Sell Limit conditional orders can be considered whenever one expects the market to make a temporary move in one direction(down- in the case of Buy Limit, and up- in the case of Sell Limit) and then return to the previous price levels.
Expiration- how long the conditional order should be active.
To place this conditional order, the current market price level must be higher than the conditional price.
Once the new conditional order is properly specified, the„Place” button will be active.
Setting a new conditional order is possible directly from a chart, and all the parameters of the orders can also be defined manually by the trader.
Current market price EUR/USD 1.3010, your conditional order is Buy if≥ 1.3005.
The easiest method to set a new conditional order is to click with the right-mouse-button on a chart of the chosen market, in the proximity of the level at which the new order shall be set.
Once defined, such a conditional order is activated when the market price reaches a specified level, and if the funds are available on the account the new position is opened.
When entering a conditional order you should pay attention to the current market price, the desired price and inequality sign(≤ or≥) that you set up in your order. .