Open Positions

Open Position has three principal types as follows: 

1. At Market 

2. Pending Order

3. Entry Order

1. At Market 

"At Market" is trading assets at the market price or the current price, the best price available when the market is open for trading. In this method, you do not specify a trading price. When you want to open a position or trade, the system executes the trade immediately.

 

Each asset has different market opening and closing times, such as stocks that trade five days per week, with opening and closing times as specified by the stock exchange of that country.

 

2. Pending Order

 

“Pending Order” is an advance trading order or a set price order placed to trade an asset in the future.

 

When the price reaches the point you set, that price will become a market execution or at the market, and the system executes the trade or open position immediately. You can cancel the pending order if the system has not executed the trade.

 

Pending Orders can be divided into three types as follows:

Stop Order

• Stop Order is the current or market price "better than" the set price. 

- If you want to buy, set a Buy Stop Order with the asset price at $2,000. When the price reaches or exceeds the specified value, the system will execute the trade immediately.

- If you want to sell, set a Sell Stop Order with the asset price at $2,000. The system will execute the trade immediately when the price exceeds the specified value.

 

Limit Order 

• Limit Order is the set price "better than" the market price.

- If you want to buy, they will set it lower than the asset's market price.

- If you want to sell, they will set it higher than the asset's market price.

 

This limit order is also known as the "Take Profit Order" because when the price of an asset runs to the price you set, the system executes the trade immediately. This shows that what the investors predict will trend will likely be correct.

 

Stop-Limit Order 

• Stop-Limit Order is creating a buy or sell order by combining the features of a stop and limit order. Stop-Limit Order helps you control trading accuracy better by setting stop and limit prices.
  

- When the market execution price reaches the stop order price set, the system enters the stop limit order.

- When the price reaches the limit order set, this order will execute the opening position immediately. Trading will proceed at a price better than the market price. 

 

This function helps execute asset trading according to trading plans or use stop-loss strategies.

 

*At IUX Invest, there is no system for choosing three types of investing because we aim to make trading convenient for investors. However, investors can set advance trading orders by selecting the price.

 

3. Entry Order

Entry Order is an order waiting to open a trade. It is another command similar to a pending order, but the entry order is used when waiting for the market to open and is used for assets with opening and closing market prices, such as stocks, ETFs, currencies, etc. When the market opens, the asset you invest in will be automatically traded. Similarly, you can cancel entry orders if the system has not executed the trade or the market is closed.

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