Stop loss pending order means that the price you apply for is lower than the market price. When the pending order application is accepted, the market price will become the pending order price, or even worse, your pending order will be triggered to close the position. The transaction exchange rate is your pending exchange rate.
A two-way pending order is a profit pending order and a stop loss pending order at the same time. If the price is touched first, at which exchange rate will the transaction be made.
Combined with the transaction you made, it belongs to account foreign exchange transaction, that is, buying and selling foreign currency in RMB. A transaction is a transaction in which RMB is used to buy foreign currency first, and then it is sold for profit after the price of foreign currency rises.
The bank purchase price displayed in the system is the price used by customers when selling foreign currency; Bank selling price is the price that customers use to buy foreign currency.
When customers buy and open positions, they first buy foreign currency in RMB, and customers can conduct real-time transactions according to the bank selling price provided by the bank. The picture shows 963.04, that is, the customer needs to pay 963.04 RMB for purchasing 100.
When a customer applies for a profit pending order, he wants to buy pounds in RMB lower than the real-time quotation, so the pending order exchange rate is less than 963.04, and we assume that the pending order exchange rate is 960. When the price of the pound fell and the selling price of the bank was lower than 960, the customer signed a transaction and bought 65,438+000 pounds in 960 yuan RMB.
When a customer applies for a stop-loss pending order, it means buying the pound with more RMB than the real-time quotation, which means chasing up in the buying transaction, so the pending order exchange rate is greater than 963.04, and we assume that the pending order exchange rate is 965. When the price of the pound rises and the selling price of the bank is higher than 965, the customer signs a transaction and buys 100 at 965 yuan.
Two-way means holding orders at the same time, and that one is sold at that price first.
At the beginning of the transaction, because of the bid-ask spread, the transaction that the customer saw was a loss, and the loss part was the transaction spread of the bank.
For example, a customer bought 65,438+000 pounds for 963.04 yuan. If you sell it immediately, you need to make a deal at the bank's selling price of 96 1.44 yuan RMB, that is, you can only get 96 1.44 yuan RMB, thus losing 1.6 yuan RMB.