Enable pre-orders effectively [Toshihiro Endo]

There are various order methods in FX, but this time we will have Mr. Toshio Endo explain the very convenient "limit orders." Understand the mechanism, types, and precautions of limit orders, and trade by maximizing their advantages.

Profile of Toshihiro Endo

In 1998, he joined the first FX business team in Japan at Himawari Securities. In 2007, after serving as a director of FXZERO Co., Ltd., he currently belongs to the Marketing Department of YJFX!. From 1998 onward, leveraging his experience in creating investor-oriented content and planning FX, he works as an FX evangelist, delivering information, writing FX columns, and conducting seminars.

Real-time orders: use them when you want to trade now

In FX, order methods can be broadly divided into two types. One is to buy or sell at the current price, which is called "real-time orders," "market orders," or "marketable orders." The other is an order with conditions set for the future, called a "limit order."

In real-time orders, both "selling price" and "buying price" are displayed simultaneously. This is called the 2-way price. The lower price on the left is the selling price "Bid," and the higher price on the right is the buying price "Ask." Each price fluctuates in real time.

For beginners, there are stories about accidentally clicking the "selling price" because they try to buy at the cheaper price. The buying price is higher, so be careful not to make a mistake. Also, when the market is highly volatile, you may be filled at a less favorable price than the displayed price, so be aware. This is called slippage.