Market Orders in Gold Trading

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

Basic definitions of commonly used types of trading orders:

Types of Market Orders and Pending Orders

Market Execution Order

Market Execution Order - This the most basic type of gold order, market execution order is used to buy or sell at the current ask or bid gold trading quote price. Market Execution Order refers to a order executed at the quoted price which appears on your trading software.

This type of order - market execution order - is used for opening buy or opening sell according to current exchange rate quotation in market & the execution is instant. Minutes you want to enter a trade transaction you can buy and sell gold at a click of a button using a market order - Market Execution Order.

How Do You Set Market Execution Order on MetaTrader 4?

How to Set Market Execution Order on MT4

How to Put New Order in Tools Menu in MetaTrader 4

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

How to Put New Market Execution Order - in Tools Menu in MetaTrader 4

Placing a New Market Execution Order

As a xauusd trader, once you choose the new trade order button as displayed above following popup window panel will appear. This popup includes the settings for opening a new trade - Market Execution Order.

Setting a New Order - Market Execution Order - How to Place Gold Orders on MT4

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