Types Order in Forex Trading

1. Market Order This is the simplest type of order in forex trading. Market Order is a type of Buy / Sell order at the best price available on the market.
2. Limit Entry Order A Limit Entry Order is a type of order in forex trading that is placed to Buy below the current market price, or Sell above the current market price.
3. Stop Entry Order Stop Entry Orders are also one of the types of Pending Orders, but their functions are different from the Limit Entry Order. A Stop Entry Order can be used if we want to open a Buy position above the current market price, or sell below the current market price. This is used if we estimate the price will continue to move in the same direction.
4. Stop Loss Order A Stop Loss Order is not used to open a trading position, but is used to prevent a more severe loss if the price moves in an unexpected direction. This type of order is installed after or together with when we open Buy or Sell with any type of order, and will continue to apply until the Stop Loss Order is revoked or our trading position is closed.
5. Trailing Stop Trailing Stop is a variation of Stop Loss Order placed in a trading position, but can move along with price fluctuations. Once a Trailing Stop moves, the new level changes to a Stop Loss for that trading position

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1. Market Order This is the simplest type of order in forex trading. Market Order is a type of Buy / Sell order at the best price available on the market.
2. Limit Entry Order A Limit Entry Order is a type of order in forex trading that is placed to Buy below the current market price, or Sell above the current market price.
3. Stop Entry Order Stop Entry Orders are also one of the types of Pending Orders, but their functions are different from the Limit Entry Order. A Stop Entry Order can be used if we want to open a Buy position above the current market price, or sell below the current market price. This is used if we estimate the price will continue to move in the same direction.
4. Stop Loss Order A Stop Loss Order is not used to open a trading position, but is used to prevent a more severe loss if the price moves in an unexpected direction. This type of order is installed after or together with when we open Buy or Sell with any type of order, and will continue to apply until the Stop Loss Order is revoked or our trading position is closed.
5. Trailing Stop Trailing Stop is a variation of Stop Loss Order placed in a trading position, but can move along with price fluctuations. Once a Trailing Stop moves, the new level changes to a Stop Loss for that trading position

it turns out that there are many ways to order, usually I only do instant buy or sell, because I don't know the other functions.

Doing an instant order is very risky, especially when the market is running quickly, the order will be executed incorrectly and expected to be floating.

exactly, that's what I experienced when using instant order. Is there a good suggestion whether to use an entry limit or stop entry, which is better?

exactly, that's what I experienced when using instant order. Is there a good suggestion whether to use an entry limit or stop entry, which is better?

actually depends on the conditions, both are also good. try to learn first and apply the system.

Doing an instant order is very risky, especially when the market is running quickly, the order will be executed incorrectly and expected to be floating.

I disagree with your statement sir..iam so sorry but we all know forex is very very risky even instant order or pending order,and based on my experience i use instant order when my indicator or technique generate signal for long or short,the important is always use money management properly,smallest lot and dont forget always using stop lose because its the good way to prevent big loses

if instant order is clear, I often do it, but if it is pending, I often use buy / sell limits.

1. Market Order This is the simplest type of order in forex trading. Market Order is a type of Buy / Sell order at the best price available on the market.
2. Limit Entry Order A Limit Entry Order is a type of order in forex trading that is placed to Buy below the current market price, or Sell above the current market price.
3. Stop Entry Order Stop Entry Orders are also one of the types of Pending Orders, but their functions are different from the Limit Entry Order. A Stop Entry Order can be used if we want to open a Buy position above the current market price, or sell below the current market price. This is used if we estimate the price will continue to move in the same direction.
4. Stop Loss Order A Stop Loss Order is not used to open a trading position, but is used to prevent a more severe loss if the price moves in an unexpected direction. This type of order is installed after or together with when we open Buy or Sell with any type of order, and will continue to apply until the Stop Loss Order is revoked or our trading position is closed.
5. Trailing Stop Trailing Stop is a variation of Stop Loss Order placed in a trading position, but can move along with price fluctuations. Once a Trailing Stop moves, the new level changes to a Stop Loss for that trading position

I often use trailing stops if I leave MT4

There are 5 types of orders that I often use such as pending buy / sell limits / sstop and also instant orders