Commodity Order Types
Commodity Order Contents:
INTRODUCTION
Being familiar with the various types of commodity orders and properly placing them is important. With quickly changing market conditions, knowing which order type is appropriate and how placing it accurately is a crucial factor in trading futures successfully. A trader should have a firm understanding of the different order types and be comfortable with their use.
Order Placement
Correct placement of an order saves time and assures that your are doing what you are intending to do. Many times, traders will place orders that are currently through their price. In addition, if you are placing orders after market hours, be aware that the market can open anywhere within the daily trading limits (if trading limits exist within that specific market). If assistance is needed, contact your commodity broker to help assist until you are comfortable and confident enough to place orders properly on you own.
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