Trading Tools - Trading Orders

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Trading orders in the FOREX market and precious metals.
CROWN FOREX SA supports via its trading system all types of orders for the metals market,so investors can place the type of order they think its appropriate easily on CFSA platform, and the system will follow up on the order automatically.

The below mentioned example is related to EURO Vs US Dollar.
Types of orders

	Market orders:

	This type of orders is used when the investor wants to trade a certain instrument instantly on the current market price, so by just clicking on the price of the instrument appearing on CFSA's market watch, the investor construct the order (buy or sell) instantly in the market for the instrument he\she chose on its current market price.



	When the trading order window appears, investor will be able to specify the amount he is welling to trade on that instrument. When approving the transaction, the system will automatically send this transaction to the dealing desk to be executed, and then it will appear in the investor's account.



	Notes to clients:
	In some situations, the demanded price is not accepted, so the dealing desk and through CROWN FOREX platform sends a new price for the investor, and the investor will be free to accept it or reject it, the re-quotation process might happen during hectic market movements in times of major market news that leads to sudden and huge price differences. In some situations and that's very rare, prices which appears in the market watch is not correct market prices and is not traded in the market, please notice that no orders of any type will be executed on those prices, and the right price will be sent to the client as a new price, and the investor is free to accept or reject it.

	Limited orders:

	This type of orders is effective when the investor wants to trade (buy\sell) on a pre specified price, when using the buy limit orders, the order has to be placed on a price that is below the current market price, while when using the sell limit orders the order has to be placed on a price that is above the current market price.

	Limit orders have some great benefits for investors who are not following up market movements all the time, and it is useful in times of hectic market as well, noticing that limit orders will not be executed if the specified price is not yet traded in the market.



	Stop orders are mainly used to achieve one of three purposes:

	To stop the loss on a running position in the market whither it was long term or short term position. To protect the profits resulting from a running position in the market whither it was long term or short term position. To open a new position in the market whither it was long term or short term position. Stop orders have some great benefits for investors who are not following up market movements all the time, and it is useful in times of hectic market as well, noticing that stop orders will not be executed if the specified price is not yet traded in the market .



	Take profit or stop loss orders (TP\SL orders)

	This type of order is used mainly to close an open position in the market, when the client wants to specify a certain price to close the position he can use the (TP\SL orders), this type of orders is used to cut the losses or to take the profits for an open position.

	The (TP\SL orders have some great benefits for investors who are not following up market movements all the time, and it is useful in times of hectic market as well, noticing that (TP\SL orders) will not be executed if the specified price is not yet traded in the market.



	Contingent orders:

	This type of orders is used to place a (TP\SL orders) on a pending order i.e. stop or limit orders, and it can not be activated until the pending order is active itself.

	The contingent orders have some great benefits for investors who are not following up market movements all the time, and it is useful in times of hectic market as well, noticing that contingent orders will not be executed if the specified price is not yet traded in the market.



	Trading orders execution mechanism:

	Trading orders are will be automatically executed at the pre specified prices; CROWN FOREX trading system will execute the orders automatically.

	In certain circumstances, the prices of the financial instruments will move in very hectic manner, ups and downs, which may cause a delay in executing orders for a few minutes, then those orders will be executed based on which price traded first in the market, during the time when the client is waiting for the orders to be executed he\she cannot modify or delete the order.

	The prices that appear on CROWN FOREX market watch is derived from the international market without any third party interference, and in some situations which are very rare, wrong prices (wrong quotes will appear on the market watch which are not traded in the international markets, please note that no orders of any type will be executed on those prices, and we will depend on the prices that actually traded in the market in that time.

	Note:
	All pending orders i.e. sell\buy stops or sell\buy limits, stop loss and take profits orders and contingent orders, will be automatically cancelled at the market closing on Friday, and the investor is held responsible and accountable for placing them again at the market opening on Sunday.