Buy stop loss: buy stop loss, put a order above the current price, that is, break through the pursuit of orders;
Selling stop loss: selling stop loss, that is, hanging a sell order below the current price, that is, breaking through the chase.
Buy limit: buy limit, that is, pay less than the current price, that is, do more on dips;
Sellllimit: sell limit, that is, place an order above the current price, that is, short on rallies.
The detailed explanation is as follows:
Sell Stop Loss: If you think that the exchange rate will fall after falling to the price of X, you can short at the price of X, and when the price reaches the price of X, the system will automatically close the position.
Buy Stop Loss: If you think that the exchange rate will definitely rise after rising to the price of X, you can go long at the price of X. When the price reaches the price of X, the system will automatically close the position.
Sell Limit: If you think that the exchange rate will rebound after it rises to the price of X, you can short it at the price of X, and the system will automatically close the position when the price reaches the price of X..
Buying restriction: If you think that the exchange rate will rebound after falling to the X price, you can go long at the X price, and the system will automatically close the transaction when the price reaches the X price.
Stop loss can be understood as a breakthrough order, which enters the market when the price breaks through a certain price.
In another sense, price limit can be understood as optimizing pending orders; That is, there are few slip points; Stop loss can be understood as a breakthrough in chasing orders, and slippage occurs from time to time. Each pending order method has its advantages and disadvantages, and it is difficult to be perfect.
Reply time: 2021-11-04. Please refer to the latest business changes announced by Ping An Bank in official website.