Do you know what a drift order is and what a lock order is in foreign exchange trading? I think for a novice, these must be some questions you really want to know. The following experts from Chase Financial will tell you what floating orders and locked orders are in foreign exchange transactions, where their skills are and what we need to do. 1. What is a floating order? The order is in a state of loss, does not stop loss or close the position in time, lets it float, and waits for the market to turn back with luck. This is the number one account killer, a killer worse than a heavy position. 2. What is a lock list (lost lock list)? It is the loss state after long (short) single currency pair, while short (long) single currency pair locks the loss within a certain amount. If the order loses money, you think the market outlook will become unfavorable to you, so you must stop loss or close your position, and never drift or lock the order. Why? Let me analyze the reason. Let's talk about the harm of floating orders first: making a loss order and floating it is generally a kind of disapproval that dominates you. Some people don't like to see negative numbers on their trading history accounts. Once a mistake is made, it will float, and it will not be closed until it becomes a positive number. As a result, they will float hundreds of points, which is terrible. It is luck to float back, and it is normal to become an empty position if you don't float back. If you are used to floating orders every time you make a mistake, then floating orders will explode as long as there is a great chance. There are more than 1000 points in the foreign exchange trading market every year, and the concept of buying low and selling high affects the habit of participants to make a few hundred points of shock market. In other words, people who are used to floating orders often experience thousands of floating opportunities once or twice a year, and may not be able to turn back. Think about it, how old a resident you are, can you not drift violently! Maybe you floated back, and the list finally changed from negative to positive. First, maybe you haven't been doing foreign exchange for long enough and haven't experienced a big market. If you continue to drift like this, your account will basically not last for half a year in the foreign exchange market. Second, even if you are lucky enough to float back, have you earned it? No, you are in the most suitable place to build a position and make a lot of money. Your account is already in turmoil, and the best time to make money is out of reach. You missed the best opportunity to double your account. Once or twice a year is the best chance to make a lot of money. If you miss it, you will have to wait for next year. How long can you wait? I can only watch others make money. Only oneself can understand how painful this kind of thing is. There is also a great harm in floating orders: as long as you have a loss order floating order, it is easy to take advantage of emotions to go against the market, which is very unfavorable for trading. For example, you short near an important and key resistance level, which is correct, but the foreign exchange market is unpredictable, and the market suddenly broke through that key resistance level. You didn't stop the loss in time, so that the short position was floating. Once the important and key resistance level in foreign exchange trading is broken, the resistance level will be transformed into strong support level, so we can no longer look at the empty market outlook, but should do more when trying to return to the original resistance level, that is, the current support level. However, because you have an empty loss order floating below the original resistance level, you will always think that it is so high now that it should fall, and my loss should have a chance to come out. As a result, you not only missed several opportunities to open positions and earn more, but also may continue to add positions and short positions on them, hoping to make some money with your loss list, but the result is that the mistakes are added and the losses are added. After we introduced the floating and locking skills in foreign exchange trading, you should have your own answer in your heart. I hope the above article can give you better inspiration.