Types of Orders in Gold PDF

What are the Types of Orders?

• Market Order

Market Order is the most basic type of order, market order is used to buy or sell at the current price. This refers to the quoted price that appears on your software.

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

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

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

• Sell Limit Order Specifies to open sell at a level above the current market price

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

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

When buying, a pending buy stop order is executed as the market goes up and hits buy stop price quote region.

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

When selling, a pending sell stop order is executed as the market price moves down & hits the sell stop price quote region.

How Do I Set Buy Limit Order and Sell Limit Order in MetaTrader 4 - Pending Order in MT4

How Do I Set Buy Stop Order and Sell Stop Order in MetaTrader 4 - Pending Order in MT4