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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.

What is a Forex 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

FxPro

MT4 Floating - Instant Execution

Trade 70+ currency pairs, spot indices, energies, metals and shares on floating spreads and instant ... More

  • $500 deposit
  • 1:200 leverage ?
  • 1.71 pips EUR/USD
Risk warning: 79.78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs and Spread Betting work and whether you can afford to take the high risk of losing your money.
Best Conditions

AvaTrade

Islamic Account [BVI]

Trade a wide range of financial instruments with a Shariah compliant account. AvaTrade does not ... More

  • $100 deposit
  • 1:400 leverage ?
  • 1.9 pips EUR/USD
Risk warning: 79% 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 Platform

HotForex

Islamic Account

Trade Forex as well as CFDs on shares, indices and metals on floating spreads without commission. ... More

  • $100 deposit
  • 1:500 leverage ?
  • 1.2 pips EUR/USD
Pro Account

AvaTrade

Professional Account [EU]

Trade 55 currency pairs on fixed spreads, plus CFDs on crypto-currencies, stocks, indices, bonds and... More

  • $100 deposit
  • 1:400 leverage ?
  • 0.6 pips EUR/USD
Risk warning: 79% 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.