🇰🇪

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.

Featured Brokers

Best Execution

FXCC

ECN XL Account

Trade CFDs on 70+ currency pairs, crypto-currencies, commodities and indices with leverage up to 1:... More

  • $0 deposit
  • 1:500 leverage
  • 0 pips EUR/USD
  • Regulators: Cyprus (EU) , Nevis
Visit website▷
Best Conditions

LiteFinance

ECN Account

Trade Forex on floating spreads from 0 pips plus commission on MT4 or MT5. Get started from a low $... More

  • $50 deposit
  • 1:1000 leverage
  • 0 pips EUR/USD
  • Regulators: Cyprus (EU) , Saint Vincent and the Grenadines
Visit website▷
Risk warning: 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Best Pro Account

Exness

Pro Account

Trade CFDs on Forex, crypto-currencies, stocks, indices, metals and energies with dynamic leverage ... More

  • $3000 deposit
  • 1:500 leverage
  • 0.1 pips EUR/USD
  • Regulators: BVI, Curaçao, Cyprus (EU) , Kenya, Mauritius, Seychelles, South Africa, UK
Visit website▷
Risk warning: CFDs are leveraged products. Trading in CFDs carries a high level of risk thus may not be appropriate for all investors. The investment value can both increase and decrease and the investors may lose all their invested capital.