Eight Rules to Make FX Trading with the Crab Trader Method a Pillar of Your Income | Rule 4: Enter Trades Planfully

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Kani Trader. On YouTube Live, he shares daily trades and has grown from 3,000,000 to 10,000,000 yen. In 2019 as well, every day from 22:45 he does face-revealing live commentary. The broadcasts are themed around “Helping viewers win” and “A healthy FX channel.”

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※This article is a reprint/edit of FX攻略.com July 2020 issue. The market information written in the body may differ from current market conditions, please note.

Real-time vs. reserved orders

This month, the proposal is for “limit orders” when opening a position. Instead of taking a position in real time with a market order, we will explain the advantages of pre-setting a price and reserving it.

For reference, I mainly use limit orders for new entries. I place buy orders when prices go down and sell orders when prices go up.

By the way, there is no inherent superiority of limit orders over market orders, nor vice versa. Each has its own method and meaning. However, it would be a waste to only know market orders.