Types of Orders in Gold PDF
What are the Types of Orders?
- Market Order
Market Order is the most basic type of order, market order is used to buy/sell at the ruling price. This refers to the quoted price which appears on your software.
Market Order type of order is used for buying/selling according to the present price quote - the execution of market order is instant. The min you want to enter a position you can buy & sell at a click of a button using a market order.
- Buy Limit Specifies to open buy at a level below ruling market price
When buying, pending buy limit order is executed/opened when the price falls to your limit price quote region.
- Sell Limit Specifies to open sell at a level above ruling market price
When selling, pending sell limit order is executed/opened when the price rises to your limit price quote region.
- Buy Stop Specifies to open buy at a level above ruling market price.
When buying, a pending buy stop order is executed/opened as the market goes up & hits buy stop price quote region.
- Sell Stop Specifies to open sell at a level below ruling market price.
When selling, a pending sell stop order is executed as the price moves down & hits the sell stop price quote region.
How Do I Set Buy Limit and Sell Limit Order on the MT4 - Pending Order in MT4 Platform
How Do I Set Buy Stop Order and Sell Stop Order in the MT4 - Pending Order in MT4 Platform
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