- •Complaint Letters
- •Punctuation
- •Ms, Miss or Mrs?
- •Content
- •When to send an apology letter?
- •How to Write a Personal Apology Letter?
- •Individual personalities and formal apologies
- •Formal public apologies
- •Note: Due to their delicate nature, condolence letters need to be written with the utmost tact, diplomacy and sensitivity. Components of a Condolence Letter
- •Invitation Letter Basics
- •Invitation Letters for a Visa
- •Your Company Brand
- •Sending Formal Business Invites
- •Managing Responses to the Formal Business Invitations
- •Business
- •Writing a Business Thank you Note
- •Spelling on your application
- •Make your application form stand out
- •Check your application
- •Accurate applications
- •Completing Application Forms
- •The Structure of Application Forms
- •Personal Details
- •Education
- •Employment History
- •Activities and Interests
- •References
- •Reasons for Applying
- •Competency Questions
- •Types of application letter
- •Speculative letter
- •Covering letter
- •Tailoring your cv
- •Skills in your cv
- •Cv formatting
- •Key principles of cover letter writing
- •Tailor your cover letter
- •Cover letter formatting
- •Cv and cover letter examples
- •Application forms
- •Cv and cover letter workshops and checking service
- •Types of Orders
- •Market Order
- •Pending Order
- •Take Profit
- •Stop Loss
- •Rules of Stop Loss and Take Profit Inheritance:
- •Starting to Write
- •Formal widely used abbreviations:
- •Abbreviations in titles:
- •Abbreviations in time and date:
- •Other often used abbreviations in business letters:
- •In an abbreviation, use full stops and capital letters in the conventional way.
Types of Orders
Client terminal allows to prepare requests and request the broker for execution of trading operations. Moreover, terminal allows to control and manage open positions. For these purposes, several types of trading orders are used. Order is a client's instruction to brokerage company to perform a trade operation. In the terminal, orders are divided into two main types: market and pending. Besides them "Stop Loss" and "Take Profit" are available.
Market Order
Market order is an instruction given to a brokerage company to buy or sell a security. Execution of this order results in the execution of a deal. The price of a deal depends on the execution mode, which depends on the symbol type. Generally, a security is bought at the Ask price and sold at the Bid price.
Pending Order
Pending order is the client's instruction to a brokerage company to buy or sell a security at pre-defined conditions in the future. The following types of pending orders are available:
Buy Limit — trade request to buy at the Ask price that is equal to or lower than that specified in the order. The current price level is higher than the value in the order. Usually this order is placed in anticipation of that the security price, having fallen to a certain level, will increase;
Buy Stop — trade request to buy at the Ask price that is equal to or higher than that specified in the order. The current price level is lower than the value in the order. Usually this order is placed in anticipation of that the security price, having reached a certain level, will keep on increasing;
Sell Limit — trade request to sell at the Bid price that is equal to or higher than that specified in the order. The current price level is lower than the value in the order. Usually this order is placed in anticipation of that the security price, having increased to a certain level, will fall;
Sell Stop — trade request to sell at the Bid price that is equal to or lower than that specified in the order. The current price level is higher than the value in the order. Usually this order is placed in anticipation of that the security price, having reached a certain level, will keep on falling;
Buy Stop Limit — this type is the combination of the two first types being a stop order for placing Buy Limit. As soon as the future Ask price reaches the stop-level indicated in the order (the Price field), a Buy Limit order will be placed at the level, specified in Stop Limit price field. The stop-level is set above the current Ask price, and the Stop Limit price is set below the stop-level.
Sell Stop Limit — this type is a stop order for placing Sell Limit. As soon as the future Bid price reaches the stop-level indicated in the order (the Price field), a Sell Limit order will be placed at the level, specified in Stop Limit price field. The stop-level is set below the current Bid price, and the Stop Limit price is set above the stop-level.
Take Profit
Take Profit order is intended for gaining the profit when the security price has reached a certain level. Execution of this order results in complete closing of the whole position. It is always connected to an open position or a pending order. The order can be requested only together with a market or a pending order. Terminal checks long positions with Bid price for meeting of this order provisions (the order is always set above the current Bid price), and it does with Ask price for short positions (the order is always set below the current Ask price).