Subsequent orders include stop-loss orders and limit orders. A stop-loss order refers to an order that becomes a market order when the market price reaches the price level expected by customers. By using stop-loss instructions, customers can effectively lock in profits, minimize possible losses, and establish new positions with less risk. At present, there is no such instruction in China. In addition, stop-loss orders are sometimes used as stop-loss orders by smart investors abroad.

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1, limit order

A limit order refers to an order that must be executed at a limited price or better. When placing a price limit order, the customer must indicate the specific price. Its characteristic is that it can close the transaction according to the customer's expected price, and the transaction speed is relatively slow, and sometimes it is impossible to close the transaction.

2. Description of market price

A market order refers to an order with unlimited price and trading according to the best quotation that can be executed in the market at that time. The unfinished part of the market order is automatically sold. When issuing this order, the customer does not need to specify a specific price, but requires the representative of the futures brokerage company to close the transaction at the best price that can be executed in the market at that time. This kind of instruction is characterized by high transaction speed.

3. Advantages and disadvantages of market price guidance

Generally, when the market price keeps rising, we will try our best to buy it as soon as possible, and when the market price keeps falling, we will try our best to sell it at a good price. The advantage of this order is that it can complete the transaction quickly and effectively, because the floor trader has the right to execute the trading order immediately after receiving the order. The disadvantage of this instruction is that the result of the transaction may not be very satisfactory to customers, because the transaction risk of this instruction is relatively high, especially when the market price fluctuates sharply.

4. The difference between a price limit order and a market order.

A limit order refers to an order that is sold at a limited price or better. The price limit order is valid on the same day, and the unfinished part can be revoked. In other words, the prescriptions are different. The time limit of the market order is very short, that is, it is valid at the time of trading. Once there is no transaction, the unfinished part will be automatically revoked, so as a trader, there is no choice. As a limit order, its effective time limit is the same day, and it will automatically expire the next day. Furthermore, it is up to the trader to decide whether the unfinished part can be revoked.

5, the method of limit order.

There are two ways to limit the price of a limit order: one is to sell the order at or above a certain price; The other is a buy order executed at or below a certain price. Whether the limit order can be executed depends on the market transaction price at that time. The advantage of this instruction is that the customer has stipulated the lowest price level acceptable to the floor traders, and the basic trading interests of the customer can be guaranteed. The disadvantage of this instruction is that the customer's intention is difficult to realize, because it will be directly affected by market price fluctuations.