Trading for Beginners

There are multiple ways of opening a trade in a trading terminal. FX Signals Trading types.
Here is the list of universal order types that you MUST know:

Market Order

A market order is a trade order to buy or sell a desired financial instrument on a current market price.
In such an order type, the price is determined by the market.
Constant price fluctuations and spreads make market order quite risky way of opening a trading position.

Limit Order

A limit order is a trade order to buy or sell a desired financial instrument at a specific price level. It allows the trader to enter the market on a strict price level ignoring the price fluctuations and spreads.
A limit order can be referred to as a buy limit order or a sell limit order.

Introduction to Order Types

Buy/Sell Stop Order

Buy stop order is used to buy at a price above the market price.

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The selection of order types is based on a trader’s trading style.
Let me know in a comment section which order types do you apply in your trading!

Trading for Beginners

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