- Market order. Refers to trading at the current exchange price.
- Limit orders. This is a conditional order, which is executed only when the market price reaches the order price. Generally, a buy order is only executed when the market price is below a certain level, and a sell order is only executed when the market price is above a certain level. If the market price does not reach the limit price level, the order cannot be executed.
- Stop price order. The order is also an order for the client to authorize the broker to buy or sell a futures contract at a specific price. A buy stop order means that the client wants to buy a futures contract at the market price as soon as the market price is higher than a certain price; a sell stop order means that the client wants to immediately buy a futures contract once the market price is lower than a certain price. Sell ​​a futures contract at market price.
- Stop limit orders. Refers to the customer’s instruction to ask the broker to sell at the limit price when the exchange price falls within the predetermined limit, or to make up at the limit price when the exchange price rises to the predetermined limit. This order combines the features of stop orders and limit orders, but it has certain risks compared to limit orders.
- Time-limited orders. The order is also a conditional order, indicating how long the broker can execute the order. Under normal circumstances, unless otherwise stated, the orders are valid for the day. If an order is not executed in the trading day of the day, then the order is invalid or expired.
- Arbitrage instruction. This order is used to open long and short positions at the same time. For example, a long position and a short position are established for a certain amount of gold , but the expiry date of the futures contract is different.
Gold Futures Key Orders
