Energies Trading Orders
There are different types of energies orders which a trader can use to trade in Energies.
At the foundation of successful energies is making use of the correct energies order for its correct purpose. The most important things to remember about is this: Always understand energies orders you place. Never place a energy order which as a trader you are not entirely knowledgeable about. Given below are the some basic definitions of the commonly used types of energies orders:
Types of Energy Trading Market Orders and Energies Pending Energy Trading Orders
Market Energies Trading Order
This is the most basic type of energies order, market order is used to buy or sell at the current ask or bid energies quote energies price. This refers to the quoted energies price that appears on your energies trading software.
This type of energies order is used for buying or selling according to the present exchange rate quotation in Energies, the execution is instant. The minute you want to enter a position you can buy & sell the energies at a click of a button using a energies market order.
Entry Energies Trading Orders
These are energies orders used to open a new trade after the energies market reaches a energies price specified by the trader.
Entry orders are used to buy or sell a energies instrument when it attains a certain energies price target.
When a specific energies price level is reached or broken then a energies entry order is executed.
These Entry Energies Orders are used open and enter in to a trade at a specified price level. It is almost impossible to monitor the energies market every second and this is why an entry order can be handy. If you feel the energies market may take a certain action, such as break through a particular energies price level that it has been touching but it has not been able to break, you would want to use an Entry Limit Energies Trading Order. Once the energies market crosses your specified level, your entry limit energies trading order is executed.
There are two different types of entry orders - limit energies order & stop entry order.
These entry orders are also referred to as pending energies orders.
Entry Limit Energy Trading Order
An order to buy or sell at a particular limit.
An entry limit energies order can be used to buy below the current energies price or sell above the current energies price.
When buying, entry limit is executed when the price falls to your limit area.
When selling, entry limit is executed when the price rises to your limit area.
These Entry Limit Energies Orders are placed by traders when they expect the energies market to bounce back after reaching the energies price level at which the entry limit was placed.
- Buy Limit Energies Trading OrderSpecifies to buy at a specified level below the current market energies price
- Sell Limit Energies Trading OrderSpecifies to sell at a level above the current market energies price
Entry Stop Energy Order
An entry stop order to buy above current energies price or to sell below the current energies price.
When buying, entry stop order is executed as the energies market goes up and hits the buy stop level.
When selling, entry stop order is executed as the energies market goes down and hits the sell stop level.
- Buy Stop Energies Trading OrderSpecifies to buy at a specified level above the current market energies price.
- Sell Stop Energy Trading OrderSpecifies to sell at a specified level below the current market energies price.
