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 current price. This refers to the quoted price that appears on your software.
Market Order type of order is used for buying or 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 and 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 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 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 as the market goes up and 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 market price moves down & hits the sell stop price quote region.
How Do I Set Buy Limitand Sell Limit Order in MetaTrader 4 - Pending Order in MT4
How Do I Set Buy StopOrder and Sell Stop Order in MetaTrader 4 - Pending Order in MT4
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