Order types in forex , Take profit, Stoploss, Limit orders, Stop orders
Order Types:
Client terminal allows organizing and controlling open positions. Quite a lot of trading orders are used to perform trade those are defined as follows
- Market Order: Buy or sell a security at the current price is called Market order and Execution of this order outcome in opening of a trade position.
-
Pending Order: Buy or Sell a security at a pre-defined price in the future is called pending order. This type of orders is used for opening of a trade position provided the future quotes accomplish the pre-defined level. Four types of pending orders that are buy limit, sell limit, buy stop, sell stop. you can modify and delete these orders.
- Buy
- Sell
- Take Profit
- Stop loss
- Trailing Stop loss
- Buy limit
- Sell limit
- Buy stop
- Sell stop



