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