Types of Forex Orders Explained - List of Forex Orders

Types of Orders in Forex Meaning - What are the Types of Forex Orders?

• Forex Market Order

Forex Market Order is the most basic type of forex order, forex market order is used to buy or sell at the current forex price. This refers to the quoted forex price that appears on your forex trading software.

Market Order type of forex order is used for buying or selling according to the present price quote - the execution of market order is instant. The minute you want to enter a forex position you can buy & sell at a click of a button using a forex market order.

• Buy Limit Order Specifies to buy at a level below the current forex trading market price

When buying, forex pending buy limit order is executed when the price falls to your limit forex price quote level.

• Sell Limit Forex Order Specifies to sell at a specified level above current market price

When selling, forex pending sell limit order is executed when the price rises to your limit forex price quote level.

• Buy Stop FX Trading Order Specifies to buy at a level above the current forex market price.

When buying, a pending buy stop order is executed as the forex market goes up & hits the buy stop price quote level.

• Sell Stop Forex Trading Order Specifies to sell at a level below the current forex market price.

When selling, a pending sell stop order is executed as the forex market price goes down and hits the sell stop forex price quote level.

How to Place Buy Limit Order and Sell Limit Order on MT4 - Forex Pending Order in MT4

How to Place Buy Stop Order and Sell Stop Order on MT4 - Forex Pending Order in MT4