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Forex Order Types

Limit Entry order A limit entry order is placed to either buy below the current market price or sell above the current market price.

Sell Limit Order

Buy Limit Order

Stop Entry order  A stop-entry order is placed to buy above the current market price or sell below it. For example, if you want to trade long but you want to enter on a breakout of a resistance area, you would place your buy stop just above the resistance and you would get filled as price moves up.

Sell Stop Order

Buy Stop Order

Stop Loss order A stop-loss order is an order that is connected to a trade for the purpose of preventing further losses if the price moves beyond a level that you specify.

Trailing Stop The trailing stop-loss order is an order that is connected to a trade like the standard stop-loss, but a trailing stoploss moves or ‘trails’ the current market price as your trade moves in your favor.

3 תגובות:

Getting a stop entry order on the current market price is interesting, Ive never heard of this term until now but it makes the perfect sense!

When selling above the current market price you can make some large increase in profits if you time it correctly. I had many experiences in this case and enjoyed the turn out of it.

Working the numbers I see, thats a good way to start the day in my opinion. These tips and tricks are going to help me in my journey as well. Thanks.