Forex Order Types

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

This blog is reader-supported. Please open a trading account through our links to tip us. Affiliate commissions keep our reviews impartial and ad-free.

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 Conditions

MT5 Floating - Market Execution

Trade 70+ currency pairs, indices, energies and metals on floating spreads with market execution. ... More

$500 deposit
1:200 leverage
1.51 pips EUR/USD
Regulators: Bahamas, Cyprus (EU), South Africa, UK

Visit website ▷

Risk warning: 84.69% 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 Platform

Standard Account

Trade 74 currency pairs and CFDs on stocks, oil, metals and crypto with leverage up to 1:500. 4XC ... More

$10 (MT4), $ 100 (MT5) deposit
1:500 leverage
1.4 pips EUR/USD
Regulators: Cook Islands

Visit website ▷

Risk warning: Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors as you could sustain losses in excess of your deposits. You should carefully consider your financial situation and experience level before trading.

TrustedBrokers.com is a trademark of Media Vest FZ-LLC, a company incorporated with the Dubai Development Authority in the United Arab Emirates under registration number 101647. Information published on this website is not directed at residents of the United Arab Emirates or Belgium and is not intended for use by any person in any jurisdiction where such use would be contrary to local law or regulation.

Disclaimer: TrustedBrokers.com is not a Forex or a CFD provider. We do not accept deposits, do not process payments, do not advise on investments, do not deal in investments (as agent or principal) and do not arrange deals in investments. TrustedBrokers.com is an online publication that covers Forex and CFD providers. Information published on this website is factual and for information purposes only. It does not constitute financial advice.

Affiliate links: This blog is reader-supported. Please open a trading account through our links to tip us. Affiliate commissions keep our reviews impartial and ad-free.

Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 66-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Risk warning from eToro: eToro AUS Capital Limited ACN 612 791 803 AFSL 491139. OTC Derivatives are leveraged financial products and considered speculative. OTC Derivatives may not be suitable for all investors. You don't own the underlying assets. You risk losing all of your investment. This information is general only and has been prepared without taking your objectives, financial situation or needs into account. Consider our Product Disclosure Statement (PDS and TMD). See full disclaimer.

About Us Privacy Policy Terms of Use Best Forex Affiliate Programs Worst Forex Affiliate Programmes RSS Feed Links

Get up to 1:500 leverage on MT4/5. Crypto payments accepted (BTC, ETH, USDT, USDC)