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Forex Order Types

Understand how to make money and manage your risk exposure through Market Orders, Take-Profit Orders and Stop Loss orders.

By Stefan

What is a Market Order?

With a market order, you instruct a broker to execute a trade as soon as possible at the prevailing market price.

What is a Limit Order?

With a limit order, you set the maximum purchase price or the minimum sale price at which a trade is to be executed.

What is a Stop Order?

You can think of a stop order as the reverse of a limit order. A stop order allows selling below the current market price or buying above the current market price if the stop price is reached or breached.

What is a Trailing Stop Order?

A trailing stop order is a variation on a stop order: the stop price moves according to parameters you set instead of staying fixed.

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