Market Orders in Gold Trading

There are different types of gold orders that a gold trader can use to trade in Gold.

Basic definitions/explanations of the often used types of trading orders:

Types of Market Orders & Pending Orders

Market Execution Order

A Market Execution Order is the simplest form of a gold trading order. It allows traders to buy or sell at the current bid or ask price quoted in the market. This type of order is executed at the real-time price provided by your trading platform.

A market execution order is a type of order used to instantly open a buy or sell trade at the current exchange rate in the market. Once you decide to enter a trade, you can buy or sell assets like gold with just the click of a button through this type of order.

How Do You Set Market Execution Order in the MT4?

How to Set Market Execution Order on MetaTrader 4

How to Put New Order on Tools Menu on MT4 Platform

To set new Market Execution Order to buy or sell a trade can be found on MT4 tools menu within MetaTrader 4 Platform. The Button for opening a new order is illustrated and shown below. (Key Board ShortCut Keys 'F9')

How to Put New Market Execution Order - in Tools Menu in MT4 Platform

Placing a New Market Execution Order

When placing a new XAUUSD trade order on MetaTrader 4, selecting the new trade option will display a popup panel with settings to execute and register the trade based on market execution.

Place New Order - Market Execution for Gold in MT4

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