Step 2 give orders

The description includes the variety, quantity, date and the price the customer is willing to pay. The main explanation is as follows:

(1) market price list. Refers to trading at the current trading price.

(2) Limit orders. This is a conditional order, which will only be executed when the market price reaches the indicated price. Generally speaking, buying is only executed when the market price is below a certain level, and selling is only executed when the market price is above a certain level. If the market price does not reach the price limit level, the instruction cannot be executed.

(3) Stop-loss price instruction. This order is also an order that the customer authorizes the broker to buy and sell futures contracts at a specific price. A stop-loss order means that as long as the market price is higher than a certain price, customers want to buy futures contracts at the market price; Stop loss order means that once the market price is lower than a certain price, customers want to sell futures contracts at the market price.

(4) Stop the limit order. Refers to the customer's instruction to ask the broker to sell at a price limit when the exchange rate falls within a predetermined limit, or to cover the position at a price limit when it rises within a predetermined limit. This kind of order combines the characteristics of stop-loss order and limit order, but it is more risky than limit order.

(5) limited teaching. The order is also a conditional order, indicating how long the broker can execute the order. Generally speaking, all orders are valid on the same day unless otherwise specified. If the order is not executed during the trading hours of the day, the order will be invalid or expired.

(6) Arbitrage instruction. This instruction is used to establish long positions and short positions. If long and short positions are established for a certain amount of gold, only the maturity date of futures contracts is different.

3. Implementation and result notification

After receiving the customer's trading instructions, the broker quickly transmits the instructions to the futures trading hall. When the order is executed, that is, the sale is successful, the relevant notice will be returned to the broker, and the broker will generally inform the investor of the execution: price, quantity, term and position. Then notify the investor in writing the next day.