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Types Order in Forex Trading

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Edo Yogi

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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
Very useful information. surely many traders don't know with simple things like this. they are more familiar with instant orders.
#16 - May 20, 2019, 08:16:22 AM

Bounty

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Quote from: Miracle on May 19, 2019, 11:23:53 AM
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
the type of order has its own function so use it to trade well.
#17 - May 20, 2019, 01:52:09 PM

nurwahid

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Quote from: Miracle on May 19, 2019, 11:23:53 AM
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 depends on the Strategy that the lala woman uses. Then whether to use Stop Loss and Take Profit, or other features such as trailing stop. If trading manually, shortly after opening the position, Mbak Lala can immediately close the position. Or it could be held for months later.
#18 - May 20, 2019, 01:56:09 PM

Antonio

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Quote from: Miracle on May 19, 2019, 11:23:53 AM
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
trailing stop rarely knows and understands, even though its function is very useful.
#19 - May 22, 2019, 11:15:06 PM

Mas4ru

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Quote from: Miracle on May 19, 2019, 11:23:53 AM
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
Thank you for sharing, from points 1-5 it is very useful
#20 - May 23, 2019, 04:40:00 AM

jungkir

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I prefer direct orders
#21 - May 23, 2019, 05:32:48 AM

aikmel

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Quote from: jungkir on May 23, 2019, 05:32:48 AM
I prefer direct orders
I think pending orders are better, sir
#22 - May 23, 2019, 06:05:53 AM

Andrya

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Quote from: Miracle on May 19, 2019, 11:23:53 AM
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
My trading is more pleased with the limit entry order, arguably a kind of price trap in orders.
#23 - May 23, 2019, 01:20:59 PM

semangat45

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Quote from: Miracle on May 19, 2019, 11:23:53 AM
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 think trailing stop is not the type of order in forex trading
#24 - May 23, 2019, 02:00:25 PM

taruna

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I prefer to use pending orders buy / sell stop
#25 - May 23, 2019, 02:00:43 PM

zainul azab

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indeed there are many procedures that must be done to place orders when trading. we have to know when to do market orders, limit entry orders, and stop loss orders. Each has a fundamental role in trading.
#26 - May 26, 2019, 08:05:16 AM

dindin

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the one I use most is the limit order because it will increase the accuracy of our analysis.
#27 - May 26, 2019, 04:17:49 PM

laras

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if I like types that use limits like sell / buy limit.
#28 - May 26, 2019, 04:31:13 PM

kasih ibu

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the one I use the most is instant order if the pending order is often I use the sell / buy limit
#29 - May 26, 2019, 05:23:22 PM

Fahrul

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Quote from: Miracle on May 19, 2019, 11:23:53 AM
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
type of order even though it is very helpful for trading because conditions must always change, this type of order must be mastered for all traders.
#30 - May 27, 2019, 04:10:21 PM
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