Gold Order Types

There are different types of gold orders which a gold trader can use to trade in Gold.

Basic definitions of the commonly used types of gold orders:

Types of Gold Trading Instant Execution Market Orders and Pending Gold Orders

Instant Execution XAUUSD Trading Meaning

Instant Market Execution Order - This is the most basic type of gold order, Instant Market Execution Order is used to buy or sell at the current ask or bid gold trading quote xauusd price. Instant Market Execution Order refers to a gold order executed at the quoted xauusd price that appears on your gold trading platform.

This type of xauusd order - Instant Market Execution Order - is used for buying or selling according to the present exchange rate quotation in gold market and the execution is instant. The minute you want to enter a gold trade position you can buy and sell gold at a click of a button using a gold market order - Instant Market Execution Order.

How Do I Set Instant Market Execution Order on MT4?

How to Set Instant Market Execution Order on MT4

How to Set New Order in Tools Menu on MT4

To set new Instant Market Execution Order to buy or sell a trade can be found on the MetaTrader 4 tools menu within the MT4 Platform. The button for placing a new gold trade transaction order is shown below. (Keyboard Short Cut Keys "F9")

How to Set New Instant Market Execution Order - in Tools Menu on MT4

Placing a New Instant Market Execution Order

As a gold trader, once you select the new order button as illustrated above the following popup window will appear. This popup includes the settings for placing a new trade - Instant Market Execution Order.

Placing a New XAUUSD Order - Instant Market Execution Order - How to Place Instant Execution Gold Orders on MetaTrader 4