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FAQ classification

Basic knowledge

What is a stop loss limit order?
The stop loss limit order will be executed at the specified price or a better price after reaching the given stop loss price. Once the stop loss price is reached, the stop loss limit order will become a limit order, buying or selling at the limit price or the next best available price.
What is tracking stop loss orders?
Tracking stop loss is a type of stop loss order attached to a transaction that moves with price fluctuations. Its design purpose is to lock in profits or limit losses, as trading takes place based on a certain number of points set by investors.
The key point to note is that the tracking stop loss price will only move when the price rises. Once it begins to lock in profits or reduce losses, it will not retreat in the opposite way.
What happens when futures contracts for price differences expire?
IC Markets Futures contracts for price differences will expire on the expiration date of the underlying market contract. When the futures contract for price difference expires, all open positions will be closed at the futures settlement price; As reported by the futures exchange. This process is usually carried out on the second day after the expiration date. Open positions will not roll over to the next preceding month, so any customer who wishes to hold a long-term position must restart trading on the next available contract.