Types of Forex Orders Explained - List of Forex Orders

Types of Orders in Forex Meaning - What are the Types of Forex Orders?

• Forex Trading Market Order

Forex Market Order is the most basic type of forex order, forex market order is used to buy or sell at the current forex trading price. This refers to the quoted forex price that pops up and is shown & displayed on your forex trading platform.

Market Order type of forex order is used for buying or selling according to the present price quote - the execution of market order is instant. The minute you want to enter a forex position you can buy and sell at a click of a button key using a forex market order.

• Buy Limit Order Specifies to buy at a level below the current forex market price

When buying, forex pending buy limit order is executed when the price falls to your limit forex trading price quote zone.

• Sell Limit Forex Trading Order Specifies to sell at a specified level above the current market price

When selling, forex pending sell limit order is executed when the price rises to your limit forex trading price quote zone.

• Buy Stop FX Trading Order Specifies to buy at a level above the current forex market price.

When buying, a pending buy stop order is executed as the forex market goes upward & hits the buy stop price quote level.

• Sell Stop Forex Trading Order Specifies to sell at a level below the current forex market price.

When selling, a pending sell stop order is executed as the forex market price goes down and hits the sell stop forex trading price quote zone.

How to Place Buy Limit Forex Order & Sell Limit Forex Order on MT4 - Forex Pending Order on MT4

How to Place Buy Stop Order & Sell Stop Order on MT4 - Forex Pending Order on MT4