Forex Order Types

SUMMARY

We have listed 5 order types in MT4 platform. Will be going through these order types live during webinars when you attend Advance Forex Course.  Download demo account to try out these forex order types.


FOREX ORDER TYPES IN DETAILS

Understand the Different Forex Order Types

There are 5 Type of Order:

  • Market Order
  • Pending Order
    • Buy Stop
    • Buy Limit
    • Sell Stop
    • Sell Limit

Forex Order Types

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.

Buy Stop Order

Buy Limit Order

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.

Sell Stop Order

Sell Limit Order

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FOREX WINNING

TRADES & LOSING TRADES


"Live" actions and reviews from our students directly from our social media accounts. We don't tweet winning trades only. We tweet losing trades as well. It's just that we have more winners. Follow @terraseeds in twitter for live trades and forex ideas.



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To read other important chart patterns for forex trading