Forex Order Types
Understand the Different Forex Order Types
There are 5 Type of Order:
- Market Order
- Pending Order
- Buy Stop
- Buy Limit
- Sell Stop
- Sell Limit
When doing a buy pending order (Waiting Trigger), you need to know how to place Buy Stop and Buy limit. These are two different buy Forex Order Types:
- Buy Limit: We want to buy @ low price and sell @ high Price. (Most Common used)
- Buy Stop: We only buy if Current Price goes above.
When doing a Sell pending order (Waiting Trigger), you need to know how to place Sell Stop and Sell limit. These are two different Sell Forex Order Types:
- Sell Limit: We want to Sell @ High price and Buy back@ Lower Price. (Most Common Used)
- Sell Stop: We only buy if Current Price continue to fall.
TRADES & LOSING TRADES
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