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Types Order in Forex Trading

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Types Order in Forex Trading  in Forex Education_xx
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 - May 19, 2019, 11:23:53 AM

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Types Order in Forex Trading  in Forex Education_xx
I rarely use pending orders, always use instant execution.
#2 - May 19, 2019, 11:32:42 AM

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Types Order in Forex Trading  in Forex Education_xx
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.
#3 - May 19, 2019, 11:41:45 AM

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Types Order in Forex Trading  in Forex Education_xx
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.
#4 - May 19, 2019, 11:55:08 AM

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Types Order in Forex Trading  in Forex Education_xx
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?
#5 - May 19, 2019, 01:19:00 PM

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I usually put pending orders if the price I want has not been reached.
#6 - May 19, 2019, 01:22:10 PM
« Last Edit: May 19, 2019, 02:02:42 PM by Admin »

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Types Order in Forex Trading  in Forex Education_xx
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.
#7 - May 19, 2019, 01:23:42 PM

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actually depends on the conditions, both are also good. try to learn first and apply the system.
thank you for your knowledge. I have to learn a lot more, even I don't know anything like this.
#8 - May 19, 2019, 02:06:44 PM

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Types Order in Forex Trading  in Forex Education_xx
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
#9 - May 19, 2019, 02:12:59 PM

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all order systems are good, and indeed created based on needs. so it's up to you to be more accustomed to using which, if it's profitable, do it, the important thing is always to keep MM.
#10 - May 19, 2019, 03:33:55 PM

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Types Order in Forex Trading  in Forex Education_xx
if instant order is clear, I often do it, but if it is pending, I often use buy / sell limits.
#11 - May 19, 2019, 03:50:51 PM

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Types Order in Forex Trading  in Forex Education_xx
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
Point 5 trailing stop. surely there are many traders who don't know it yet, even though this trailing stop is very good for making profits that run and increase.
#12 - May 19, 2019, 04:12:59 PM

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Types Order in Forex Trading  in Forex Education_xx
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
#13 - May 19, 2019, 09:19:23 PM

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Types Order in Forex Trading  in Forex Education_xx
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
StopLoss order system is the most important, because with Stoploss all risks will be controlled.
#14 - May 20, 2019, 06:26:50 AM

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There are 5 types of orders that I often use such as pending buy / sell limits / sstop and also instant orders :)
#15 - May 20, 2019, 08:01:33 AM

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