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Types Order in Forex Trading

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Indika

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All types of orders will make it easier for us to trade
#271 - November 15, 2022, 03:59:01 AM

Timah Panas

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Types of forex trading orders are very diverse, this is basic knowledge and every trader must already know and be able to make these orders, so that transactions are more directed.
#272 - November 17, 2022, 08:12:07 AM

Gontier

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in this case I rarely use trailing stop, I only use take profit
#273 - November 22, 2022, 12:45:18 AM

Garena andromeda

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using stop orders is better because it really makes us understand more about technical problems
#274 - November 26, 2022, 05:09:21 AM

KFC

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the type I use most often is the sell / buy limit, if I stop the order I rarely even use it.
#275 - December 06, 2022, 05:37:10 AM

Siemens

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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.
#276 - December 09, 2022, 04:45:55 AM

Timon

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I often use the sell / buy limit because I get the price as desired.
#277 - December 11, 2022, 06:02:53 AM

Vernalta

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you can learn one by one about the type of order so you don't make mistakes
#278 - February 27, 2023, 06:16:55 PM

aizafx

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Quote from: Timon on December 11, 2022, 06:02:53 AM
I often use the sell / buy limit because I get the price as desired.
Yes, I think using pending order is one best way to manage the risk because we can put order in the specific price and stop loss based preference.
#279 - February 27, 2023, 08:57:57 PM

tradergbp

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People who trade short term usually don't like the pending order type and often make instant orders
#280 - February 27, 2023, 09:39:59 PM

Nettawa

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I usually use limits that can really help me want analysis
#281 - February 28, 2023, 08:27:09 AM

Vernalta

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most of them definitely use limit orders because that's what will be good later
#282 - March 01, 2023, 01:11:29 AM

Kardel Sharpeye

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In Forex trading, types order refers to the different ways traders can enter or exit a trade. There are several types of orders that traders can use to manage their positions in the Forex market, including:

Market Order: A market order is an order to buy or sell a currency pair at the current market price. This type of order is executed immediately at the prevailing market price.

Limit Order: A limit order is an order to buy or sell a currency pair at a specified price or better. This type of order is used when a trader wants to enter or exit a trade at a specific price level.

Stop Order: A stop order is an order to buy or sell a currency pair once the market reaches a certain price level. This type of order is used to limit potential losses or protect profits by automatically closing a trade when the market reaches a predetermined level.

Stop Loss Order: A stop loss order is a type of stop order that is used to limit potential losses on a trade. It is typically set at a level below the entry price for a long position or above the entry price for a short position.

Take Profit Order: A take profit order is an order to close a trade once a certain profit level has been reached. This type of order is used to lock in profits and prevent losses from a market reversal.

Understanding the different types of orders available in Forex trading is essential for traders to effectively manage their positions and reduce their risk exposure.
#283 - March 01, 2023, 03:22:53 AM

Dyandra

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in normal conditions I use limit and stop orders but rarely
#284 - March 01, 2023, 03:11:22 PM

Vernalta

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These are the kinds of orders that you really have to learn from the beginning of trading
#285 - March 02, 2023, 10:35:57 AM
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