How long is the validity period of foreign exchange bills? Detailed explanation of foreign exchange register transaction

Foreign exchange order is an important trading skill, especially for investors who have no time to mark the market for a long time. How long is the validity period of foreign exchange bills? Next, we will explain the foreign exchange register transaction in detail.

How long is the validity period of foreign exchange bills?

After the foreign exchange registration, it is always effective until the investor cancels the registration or the registration order is triggered. If the investor does not cancel the registration or the registration is not triggered, then the registration will not be cancelled. Therefore, it can be said that there is no validity period for foreign exchange bills.

Detailed explanation of foreign exchange register transaction

There are mainly four types of foreign exchange standing orders. Investors only need to clarify the four types of foreign exchange standing orders, and then they can carry out foreign exchange register transactions well. There are four types of foreign exchange standing orders transaction

Buy limit in Chinese for buy limit, in the current exchange rate below the order, that is to bargain long. If you think that the exchange rate will rebound upward after falling to a certain price, you can do long at a certain price, you can choose this type of bill.

Sell limit is the selling limit in Chinese, which means short selling at the top of the current price. If you think that the exchange rate will rebound downward after rising to a certain level, you can short at a certain price, then select the type of order.

Buytop Chinese for buy stop loss, in the current price above the bill, that is to break through more. If you think that the rising trend will be determined after the exchange rate rises to a certain level and continue to go higher, you can make a long move at a certain price, then you can choose the type of order.

Sellstop is a sell stop loss in Chinese, which means a sell order is placed below the current price, that is to say, to break short. If you think that the decline will be determined after the exchange rate falls to a certain level and continue to go lower, you can short at a certain price, you can choose this type of order.