Market Orders in Gold Trading

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

Basic definitions of the oftenly used types of xauusd trade orders:

Types of XAUUSD Trading Market Orders & Pending Gold Orders

Market Execution XAUUSD Trading Order

Market Execution Order - This is the most basic type of gold order, market execution order is used to buy or sell at the current ask or bid gold trading quote xauusd price. 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 - market execution order - is used for buying or selling according to present exchange rate quotation in gold market & the execution is instant. Minute you want to enter a gold trade position you can buy & sell gold at a click of a button using a market order - Market Execution Order.

How Do I Set Market Execution Order on MetaTrader 4?

How to Set Market Execution Order on MT4

How to Set New Order in Tools Menu in MetaTrader 4

To set new Market Execution Order to buy or sell a trade can be found on MT4 tools menu within the MT4 Platform. The Button key for placing a new gold trade order is illustrated below. (Key board Short-Cut Keys 'F9')

How to Set New Market Execution Order - in Tools Menu on MetaTrader 4

Placing a New Market Execution Gold Trading Order

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

Placing a New XAUUSD Order - Market Execution Order - How to Place Gold Orders in MT4