Hi,
1. If i want to sell a stock wich order i need to use to get in at the same level i want?
2. And what is the best Stop Loss order command the Ask or the Bid?
3. If i want to sell i think i want to buy high and sell low, so my answer would be The Bid! Why is there the other possibility "Ask"?
4. Every time i try to put a limit order, the market fills it at lower level when i sort, and higher level when im long.
5. What is the meanincg for ASK>=Stop?
6. What kind of order i need to use? To get in on my entry level? (if the market drops to my entry level ofcourse).
7. Is there any howto or youtube video for dummies to see clear whit placing orders?
8. I think i need to change the chart from Ask to Bid if i want to sell and Bid to Ask i want to go long.
9. Sorry for my bad english, i'm from Hungary!
Hi,
1. If i want to sell a stock wich order i need to use to get in at the same level i want?
If you aim to get in at the level you want (or better), you may use a LIMIT order.
If you are buying, you can place a BUY LIMIT order by choosing ASK ≤ (Limit) option in JForex platform. If you are selling short, you can place a SELL LIMIT order by choosing SELL ≥ (Limit) option in JForex platform.
The alternative option is to use PLACE_BID (if you're buying) and PLACE_OFFER (if you're selling) orders. Use "Place Bid" and "Place Offer" buttons at the top left of JForex platform. Placing these orders allocates margin before the order is filled, but, because you are acting as a liquidity provider, you may be filled at the Bid price (if you're buying) or Ask price (if you're selling), saving a cost of one spread. However, most of the time this order behaves just as a normal LIMIT order.
2. And what is the best Stop Loss order command the Ask or the Bid?
In most cases, the default option is the best. That is BID ≤ (Stop) for BUY orders and ASK ≥ (Stop) for SELL orders.
The other option may be used if you don't want to be stopped out on spikes when Bid-Ask spread widens (around news, for example). This option comes at a cost of additional spread, so use it when you absolutely need it.
3. If i want to sell i think i want to buy high and sell low, so my answer would be The Bid! Why is there the other possibility "Ask"?
Buying low and selling high has got nothing to do with how do you want to get into position. You can use either Bid or Ask price to trigger your order.
4. Every time i try to put a limit order, the market fills it at lower level when i sort, and higher level when im long.
That's just not possible. LIMIT order doesn't trigger at the price that is worse than what you specify (limit).
However, you must know that BUY LIMIT order is filled when Ask price is lower or equal than your (limit) price and SELL LIMIT order is filled when Bid price is greater or equal than your (limit) price, due to the way that brokers are providing liquidity to traders.
See point 1. (third paragraph) for how you have an opportunity to act as a liquidity provider and buy at the Bid and sell at the Ask.
5. What is the meanincg for ASK>=Stop?
It means that your BUY order or Stop Loss order triggers when the Ask price is higher or equal to the level you specify.
6. What kind of order i need to use? To get in on my entry level? (if the market drops to my entry level ofcourse).
See point 1.
7. Is there any howto or youtube video for dummies to see clear whit placing orders?
Wiki: https://www.dukascopy.com/wiki/
Video Tutorials: https://www.dukascopy.com/tv/en/Platform_Tutorial/
Webinar Archive: https://www.dukascopy.com/tv/en/Archive
Forums: https://www.dukascopy.com/swiss/english/forex/jforex/forum/
8. I think i need to change the chart from Ask to Bid if i want to sell and Bid to Ask i want to go long. I used other platforms, and didn't had such a problem.
You don't have to do that. See point 1.
9. Sorry for my bad english, i'm from Hungary!
Your English is just fine, I think I've understood everything what you've been asking.