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 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

FP Markets

Raw Account

Trade over 60 pairs of currencies as well as CFDs on crypto-currencies, shares, indices and ... More

  • $100 deposit
  • 1:500 leverage
  • 0.09 pips EUR/USD
  • Regulators: Australia, Cyprus (EU) , Saint Vincent and the Grenadines, South Africa
Visit website▷
Best Platform

Pepperstone

Razor Account [cTrader, TradingView]

Trade Forex on raw spreads, sourced directly from Pepperstone's liquidity providers, plus a ... More

  • $200 deposit
  • 1:30 leverage
  • 0.17 pips EUR/USD
  • Regulators: Australia, Bahamas, Cyprus (EU) , Germany, Kenya, UAE , UK
Visit website▷
Risk warning: Between 74% and 89% 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.