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Types of Orders in Gold PDF

What are the Types of Orders?

  • Market Order

A market order is the simplest type. It buys or sells at the current price shown 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 current 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 current market price

When placing a sell order, a pending sell limit order becomes active/opened only when the price ascends to your specified limit price level.

  • Buy Stop Specifies to execute buy at a level above ruling market price.

When placing a purchase order, a pending buy stop order is activated or opened only when the market ascends and reaches the specified buy stop quoted price zone.

  • Sell Stop Specifies to open sell at a level below current market price.

During sales, a sell stop order triggers when price drops and reaches the set sell level.

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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