Forex Order Types

Understand how to make money and manage your risk exposure through Market Orders, Take-Profit Orders and Stop Loss orders.

Forex market orders explained
With a market order, you instruct a broker to execute a trade as soon as possible at the prevailing market price.
What is a limit order?
With a limit order, you set the maximum purchase price or the minimum sale price at which a trade is to be executed.
What is a stop order?
You can think of a stop order as the reverse of a limit order. A stop order allows selling below the current market price or buying above the current market price if the stop price is reached or breached.
What is a trailing stop order?
A trailing stop order is a variation on a stop order: the stop price moves according to parametres you set instead of staying fixed.

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