Trading FAQ

What is a Limit order?

What is a Stop Loss order?

What is a Position order? 

Can I place a trade via e-mail?

What is a Limit order?

A limit order is an order with restrictions on the maximum price to be paid or the minimum price to be received. As an example, if the current price of USD/YEN is 117.00/05, then a limit order to buy USD would be at a price below 102. (ie 116.50).

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What is a Stop Loss order?

A stop loss order is an order type whereby an open position is automatically liquidated at a specific price. Often used to minimize exposure to losses if the market moves against an investor's position. As an example, if an investor is long USD at 156.27, they might wish to put in a stop loss order for 155.49, which would limit losses should the dollar depreciate, possibly below 155.49.

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What is a Position order?

Position orders are directly related to individual positions. These orders are only active for as long as the position remains open and can be a stop loss or limit order.

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Can I place a trade via e-mail?

No. We do not accept trades via email.

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