Types of Orders in Commodity Trading Tutorial
What are Types of Orders in Commodity Trading?
- Commodities Trading Market Order
Commodities Trading Market Order is the most basic type of commodity order, commodity market order is used to buy or sell at the current commodity price. This refers to the quoted commodity trading price that pops up & is shown on your commodity trading software.
Market Order type of commodities trading order is used for buying or selling according to the present commodity trading price quote - the execution of market order is instant. The minute you want to enter a commodity position you can buy & sell at a click of a button using a commodity market order.
- Buy Limit Commodity Trading Order Specifies to buy at a particular level below current commodity market price
When buying, commodity pending buy limit order is executed when the price falls to your limit commodity trading price quote zone.
- Sell Limit Commodity Trading Order Specifies to sell at a particular level above the current market commodity trading price
When selling, commodity pending sell limit order is executed when the price rises to your limit commodity trading price quote zone.
- Buy Stop Commodities Trading Order Specifies to buy at a level above the current commodity market price.
When buying, a pending buy stop order is executed as the commodity market goes upwards & hits buy stop commodity trading price quote zone.
- Sell Stop Commodity Trading Order Specifies to sell at a level below the current commodity market price.
When selling, a pending sell stop order is executed as the commodities market price goes down and hits the sell stop commodity trading price quote zone.
